Handelsinvest Investeringsforvaltning Has $257,000 Stock Position in Air Lease Co. (NYSE:AL)

Handelsinvest Investeringsforvaltning lowered its holdings in shares of Air Lease Co. (NYSE:AL) by 34.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,000 shares of the transportation company’s stock after selling 2,596 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in Air Lease were worth $257,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. MBM Wealth Consultants LLC grew its stake in Air Lease by 5.8% in the first quarter. MBM Wealth Consultants LLC now owns 12,114 shares of the transportation company’s stock valued at $626,000 after acquiring an additional 669 shares during the period. Overbrook Management Corp purchased a new position in shares of Air Lease during the first quarter valued at approximately $952,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Air Lease by 6.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 32,931 shares of the transportation company’s stock valued at $1,694,000 after buying an additional 1,970 shares during the last quarter. Global Assets Advisory LLC purchased a new position in shares of Air Lease during the first quarter valued at approximately $961,000. Finally, Fulton Bank N.A. boosted its position in shares of Air Lease by 10.7% during the first quarter. Fulton Bank N.A. now owns 8,794 shares of the transportation company’s stock valued at $452,000 after buying an additional 847 shares during the last quarter. Institutional investors and hedge funds own 94.59% of the company’s stock.

Analyst Upgrades and Downgrades

AL has been the topic of several analyst reports. StockNews.com cut Air Lease from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Barclays lifted their target price on Air Lease from $48.00 to $55.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. Finally, TD Cowen dropped their price target on Air Lease from $59.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, May 7th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $53.80.

Air Lease Stock Performance

Shares of AL traded up $0.41 during mid-day trading on Wednesday, hitting $47.26. The stock had a trading volume of 6,991 shares, compared to its average volume of 1,129,649. The firm has a market cap of $5.26 billion, a P/E ratio of 9.45, a PEG ratio of 0.90 and a beta of 1.59. The business has a fifty day moving average price of $48.14 and a 200-day moving average price of $45.41. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.48 and a quick ratio of 0.48. Air Lease Co. has a 52 week low of $33.33 and a 52 week high of $52.31.

Air Lease (NYSE:AL) last issued its earnings results on Monday, May 6th. The transportation company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.07). The firm had revenue of $663.31 million during the quarter, compared to the consensus estimate of $677.26 million. Air Lease had a net margin of 21.89% and a return on equity of 9.00%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.06 earnings per share. On average, equities research analysts expect that Air Lease Co. will post 6.96 EPS for the current year.

Air Lease Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Tuesday, June 4th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Tuesday, June 4th. Air Lease’s dividend payout ratio (DPR) is presently 16.94%.

Air Lease Company Profile

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide. It sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors. The company provides fleet management services to investors and owners of aircraft portfolios.