HL Financial Services LLC Purchases Shares of 7,200 Air Lease Corp (AL)

HL Financial Services LLC purchased a new position in shares of Air Lease Corp (NYSE:AL) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 7,200 shares of the transportation company’s stock, valued at approximately $346,000.

Several other hedge funds have also bought and sold shares of the business. Quantitative Systematic Strategies LLC purchased a new position in shares of Air Lease in the fourth quarter worth $1,060,000. Parametrica Management Ltd purchased a new position in shares of Air Lease in the fourth quarter worth $225,000. LSV Asset Management increased its stake in shares of Air Lease by 6.4% in the fourth quarter. LSV Asset Management now owns 428,183 shares of the transportation company’s stock worth $20,591,000 after buying an additional 25,600 shares during the period. Private Wealth Partners LLC purchased a new position in shares of Air Lease in the fourth quarter worth $1,484,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Air Lease by 48.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,333 shares of the transportation company’s stock worth $256,000 after buying an additional 1,734 shares during the period. 91.42% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Jie Chen sold 4,000 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $48.81, for a total transaction of $195,240.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO John L. Plueger sold 300,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $41.34, for a total transaction of $12,402,000.00. Following the sale, the chief executive officer now owns 1,057,310 shares in the company, valued at approximately $43,709,195.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 383,000 shares of company stock worth $16,145,030. Company insiders own 9.76% of the company’s stock.

Several research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Air Lease from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. ValuEngine downgraded shares of Air Lease from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Citigroup assumed coverage on shares of Air Lease in a research note on Friday, December 8th. They issued a “neutral” rating and a $46.00 target price on the stock. Credit Suisse Group lifted their target price on shares of Air Lease from $44.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Finally, UBS Group lifted their target price on shares of Air Lease from $30.00 to $31.00 and gave the stock a “sell” rating in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $49.40.

Air Lease Corp (NYSE:AL) opened at $45.37 on Thursday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.53. The stock has a market cap of $4,728.40, a price-to-earnings ratio of 13.00, a price-to-earnings-growth ratio of 0.72 and a beta of 1.71. Air Lease Corp has a 1 year low of $34.42 and a 1 year high of $50.70.

Air Lease (NYSE:AL) last issued its quarterly earnings data on Thursday, November 9th. The transportation company reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.03. The business had revenue of $376.77 million for the quarter, compared to the consensus estimate of $374.61 million. Air Lease had a net margin of 25.67% and a return on equity of 10.87%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.43 EPS. equities research analysts predict that Air Lease Corp will post 3.46 earnings per share for the current year.

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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.

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

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