Zurcher Kantonalbank Zurich Cantonalbank increased its position in Air Lease Corp (NYSE:AL) by 48.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,333 shares of the transportation company’s stock after buying an additional 1,734 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Air Lease were worth $256,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in AL. Parametric Portfolio Associates LLC raised its holdings in Air Lease by 6.9% in the second quarter. Parametric Portfolio Associates LLC now owns 132,475 shares of the transportation company’s stock valued at $4,949,000 after acquiring an additional 8,597 shares in the last quarter. QS Investors LLC raised its holdings in 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 acquiring an additional 21 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in Air Lease in the second quarter valued at $1,353,000. State Street Corp raised its holdings in Air Lease by 1.5% in the second quarter. State Street Corp now owns 1,349,037 shares of the transportation company’s stock valued at $50,398,000 after acquiring an additional 19,548 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in Air Lease in the second quarter valued at $362,000. Institutional investors and hedge funds own 88.69% of the company’s stock.
Several research firms recently issued reports on AL. ValuEngine cut shares of Air Lease from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Zacks Investment Research raised shares of Air Lease from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $80.00 price target on shares of Air Lease in a report on Thursday, November 2nd. UBS Group upped their price target on shares of Air Lease from $30.00 to $31.00 and gave the company a “sell” rating in a report on Friday, November 10th. Finally, Cowen upped their price target on shares of Air Lease from $45.00 to $54.00 and gave the company an “outperform” rating in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $49.40.
Shares of Air Lease Corp (AL) opened at $46.06 on Tuesday. The firm has a market cap of $4,755.24, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 0.72 and a beta of 1.71. Air Lease Corp has a twelve month low of $34.42 and a twelve month high of $50.70. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.53.
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Air Lease Profile
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.
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