Air Lease Corp (AL) Position Reduced by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lessened its stake in Air Lease Corp (NYSE:AL) by 1.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,267,135 shares of the transportation company’s stock after selling 13,828 shares during the quarter. Air Lease makes up about 1.3% of Segall Bryant & Hamill LLC’s portfolio, making the stock its 16th biggest holding. Segall Bryant & Hamill LLC owned 1.23% of Air Lease worth $54,005,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the company. QS Investors LLC grew its holdings in shares of Air Lease by 0.6% in the second quarter. QS Investors LLC now owns 3,464 shares of the transportation company’s stock valued at $129,000 after purchasing an additional 21 shares during the period. Alps Advisors Inc. grew its holdings in shares of Air Lease by 0.3% in the second quarter. Alps Advisors Inc. now owns 12,316 shares of the transportation company’s stock valued at $460,000 after purchasing an additional 32 shares during the period. Suntrust Banks Inc. grew its holdings in shares of Air Lease by 0.9% in the second quarter. Suntrust Banks Inc. now owns 12,844 shares of the transportation company’s stock valued at $479,000 after purchasing an additional 119 shares during the period. Teacher Retirement System of Texas grew its holdings in shares of Air Lease by 1.7% in the second quarter. Teacher Retirement System of Texas now owns 7,877 shares of the transportation company’s stock valued at $294,000 after purchasing an additional 134 shares during the period. Finally, Advisory Services Network LLC grew its holdings in shares of Air Lease by 0.8% in the second quarter. Advisory Services Network LLC now owns 23,589 shares of the transportation company’s stock valued at $881,000 after purchasing an additional 198 shares during the period. 91.87% of the stock is owned by institutional investors and hedge funds.

Shares of Air Lease Corp (NYSE:AL) opened at $43.55 on Thursday. The stock has a market cap of $4,555.98, a PE ratio of 12.65, a PEG ratio of 1.33 and a beta of 1.82. Air Lease Corp has a 1 year low of $34.21 and a 1 year high of $45.15. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.06 and a current ratio of 1.06.

Air Lease (NYSE:AL) last issued its quarterly earnings results on Thursday, November 9th. The transportation company reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.03. The business had revenue of $376.77 million for the quarter, compared to analysts’ expectations of $374.61 million. Air Lease had a net margin of 25.67% and a return on equity of 10.87%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 earnings per share. research analysts expect that Air Lease Corp will post 3.44 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Thursday, December 14th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Wednesday, December 13th. This is a boost from Air Lease’s previous quarterly dividend of $0.08. Air Lease’s dividend payout ratio is currently 8.60%.

In other news, EVP Alex A. Khatibi sold 11,000 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $40.00, for a total transaction of $440,000.00. Following the sale, the executive vice president now owns 142,786 shares of the company’s stock, valued at $5,711,440. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jie Chen sold 2,000 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $43.82, for a total transaction of $87,640.00. The disclosure for this sale can be found here. Insiders have sold 326,000 shares of company stock worth $13,490,490 in the last three months. Corporate insiders own 9.76% of the company’s stock.

A number of brokerages recently issued reports on AL. Bank of America lowered shares of Air Lease from a “buy” rating to a “neutral” rating and set a $44.00 price objective for the company. in a report on Wednesday, August 9th. BidaskClub lowered shares of Air Lease from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Zacks Investment Research raised shares of Air Lease from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Royal Bank Of Canada upped their target price on shares of Air Lease from $79.00 to $80.00 and gave the company a “top pick” rating in a research report on Friday, September 29th. Finally, UBS upped their target price on shares of Air Lease from $30.00 to $31.00 and gave the company a “sell” rating in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. Air Lease has a consensus rating of “Hold” and a consensus target price of $48.78.

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About Air Lease

Air Lease Corporation is an aircraft leasing company. The Company is principally engaged in purchasing new commercial jet transport aircraft directly from aircraft manufacturers, such as The Boeing Company (Boeing) and Airbus SAS. (Airbus), and leasing those aircraft to airlines across the world. Along with its leasing activities, the Company sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies and airlines.

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

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