31,576 Shares in Air Lease Corporation $AL Purchased by Cantor Fitzgerald L. P.

Cantor Fitzgerald L. P. purchased a new stake in Air Lease Corporation (NYSE:AL) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 31,576 shares of the transportation company’s stock, valued at approximately $2,010,000.

Other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of Air Lease by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 6,591,387 shares of the transportation company’s stock valued at $419,540,000 after acquiring an additional 41,975 shares during the last quarter. State Street Corp boosted its stake in shares of Air Lease by 0.8% in the second quarter. State Street Corp now owns 3,459,048 shares of the transportation company’s stock worth $203,084,000 after acquiring an additional 28,227 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Air Lease by 930.1% during the third quarter. AQR Capital Management LLC now owns 2,283,492 shares of the transportation company’s stock worth $145,321,000 after purchasing an additional 2,061,817 shares in the last quarter. Pentwater Capital Management LP acquired a new position in Air Lease in the 3rd quarter valued at $140,030,000. Finally, Magnetar Financial LLC acquired a new position in Air Lease in the 3rd quarter valued at $100,534,000. 94.59% of the stock is currently owned by institutional investors and hedge funds.

Air Lease Stock Performance

Shares of Air Lease stock opened at $64.65 on Thursday. The firm has a market cap of $7.24 billion, a PE ratio of 6.94, a price-to-earnings-growth ratio of 0.53 and a beta of 1.11. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 2.33. Air Lease Corporation has a 52 week low of $38.25 and a 52 week high of $64.96. The business’s fifty day simple moving average is $64.59 and its 200-day simple moving average is $64.06.

Air Lease (NYSE:AL) last issued its quarterly earnings data on Thursday, February 12th. The transportation company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.74. The firm had revenue of $679.54 million during the quarter, compared to the consensus estimate of $782.67 million. Air Lease had a return on equity of 8.54% and a net margin of 35.72%.The company’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period last year, the company earned $0.83 EPS. Equities analysts forecast that Air Lease Corporation will post 5.16 earnings per share for the current year.

Air Lease Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 7th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.22 per share. The ex-dividend date is Monday, March 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.4%. Air Lease’s dividend payout ratio (DPR) is currently 9.45%.

Analyst Ratings Changes

AL has been the topic of several recent research reports. Barclays reaffirmed an “equal weight” rating and set a $65.00 target price (down from $68.00) on shares of Air Lease in a research note on Tuesday, January 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Air Lease in a research report on Wednesday, January 21st. Finally, Zacks Research upgraded shares of Air Lease from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $66.00.

Air Lease Company Profile

Air Lease Corporation (NYSE: AL) is a leading aircraft leasing company that acquires commercial jet aircraft and leases them to airlines worldwide. The firm’s core business activities include direct aircraft acquisition, lease management and portfolio remarketing. By structuring sale‐and‐leaseback transactions, operating leases and secured loans, Air Lease provides flexible financing solutions that enable carriers to modernize their fleets without committing large amounts of capital to ownership.

Founded in 2010 and headquartered in Los Angeles, Air Lease Corporation serves a diverse customer base spanning North America, Europe, Asia, Latin America and the Middle East.