Angeles Investment Advisors LLC Acquires Shares of 10,625 Air Lease Co. (NYSE:AL)

Angeles Investment Advisors LLC purchased a new position in shares of Air Lease Co. (NYSE:AL) in the first quarter, Holdings Channel.com reports. The fund purchased 10,625 shares of the transportation company’s stock, valued at approximately $521,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AL. FIL Ltd increased its holdings in shares of Air Lease by 16.4% during the 4th quarter. FIL Ltd now owns 2,119,745 shares of the transportation company’s stock worth $94,159,000 after buying an additional 299,222 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Air Lease by 18.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 59,705 shares of the transportation company’s stock worth $2,652,000 after purchasing an additional 9,159 shares during the period. Stifel Financial Corp boosted its position in shares of Air Lease by 61.2% during the 4th quarter. Stifel Financial Corp now owns 19,662 shares of the transportation company’s stock worth $874,000 after purchasing an additional 7,465 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Air Lease by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,017,439 shares of the transportation company’s stock worth $45,195,000 after purchasing an additional 27,223 shares during the period. Finally, ExodusPoint Capital Management LP purchased a new position in shares of Air Lease during the 4th quarter worth approximately $724,000. Institutional investors and hedge funds own 91.49% of the company’s stock.

Shares of NYSE:AL traded down $0.79 during mid-day trading on Thursday, reaching $41.16. 2,112 shares of the company were exchanged, compared to its average volume of 564,553. The company has a debt-to-equity ratio of 2.52, a quick ratio of 3.00 and a current ratio of 3.00. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 0.64 and a beta of 2.15. The company has a 50-day moving average price of $44.18. Air Lease Co. has a 1 year low of $25.30 and a 1 year high of $52.96.

Air Lease (NYSE:AL) last posted its quarterly earnings data on Wednesday, May 5th. The transportation company reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.95 by ($0.25). Air Lease had a return on equity of 7.61% and a net margin of 23.41%. The company had revenue of $474.80 million for the quarter, compared to analysts’ expectations of $507.04 million. During the same period in the previous year, the business posted $1.61 EPS. The business’s revenue for the quarter was down 7.2% on a year-over-year basis. On average, research analysts predict that Air Lease Co. will post 3.62 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 9th. Shareholders of record on Tuesday, June 8th were given a $0.16 dividend. The ex-dividend date of this dividend was Monday, June 7th. This represents a $0.64 annualized dividend and a yield of 1.55%. Air Lease’s dividend payout ratio is presently 14.58%.

Air Lease Profile

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of new commercial jet aircraft to airlines worldwide. The company also sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, airlines, and other investors.

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Institutional Ownership by Quarter for Air Lease (NYSE:AL)

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