Air Lease Co. (NYSE:AL) Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lifted its holdings in shares of Air Lease Co. (NYSE:AL) by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,548 shares of the transportation company’s stock after acquiring an additional 1,450 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Air Lease were worth $1,473,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in AL. The Manufacturers Life Insurance Company boosted its position in shares of Air Lease by 6.0% in the third quarter. The Manufacturers Life Insurance Company now owns 24,665 shares of the transportation company’s stock worth $1,117,000 after buying an additional 1,390 shares during the period. BNP Paribas Financial Markets grew its position in Air Lease by 12.6% in the third quarter. BNP Paribas Financial Markets now owns 3,468 shares of the transportation company’s stock valued at $157,000 after acquiring an additional 389 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of Air Lease by 8.7% during the third quarter. Captrust Financial Advisors now owns 10,924 shares of the transportation company’s stock valued at $495,000 after purchasing an additional 877 shares during the period. Verition Fund Management LLC lifted its position in shares of Air Lease by 6.5% during the third quarter. Verition Fund Management LLC now owns 18,300 shares of the transportation company’s stock worth $829,000 after purchasing an additional 1,118 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Air Lease in the third quarter valued at $204,000. 94.59% of the stock is owned by hedge funds and other institutional investors.

Air Lease Stock Performance

Shares of AL stock opened at $42.00 on Friday. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 1.33 and a beta of 1.60. Air Lease Co. has a one year low of $39.43 and a one year high of $52.31. The company’s 50-day simple moving average is $46.93 and its 200-day simple moving average is $46.99. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.37 and a current ratio of 0.37.

Air Lease (NYSE:AL) last issued its earnings results on Thursday, February 13th. The transportation company reported $1.26 EPS for the quarter, topping the consensus estimate of $0.82 by $0.44. Air Lease had a return on equity of 8.01% and a net margin of 15.65%. Equities analysts anticipate that Air Lease Co. will post 5.16 earnings per share for the current fiscal year.

Air Lease Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.10%. Air Lease’s dividend payout ratio (DPR) is 26.43%.

Wall Street Analysts Forecast Growth

AL has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Air Lease from $56.00 to $57.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Bank of America lowered Air Lease from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $72.00 to $50.00 in a research report on Friday, March 7th. Finally, UBS Group set a $50.00 price target on Air Lease in a report on Friday, March 7th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat, Air Lease has an average rating of “Moderate Buy” and an average target price of $55.67.

Air Lease 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.