Robeco Institutional Asset Management B.V. Acquires 3,281 Shares of Air Lease Corp (NYSE:AL)

Robeco Institutional Asset Management B.V. grew its stake in shares of Air Lease Corp (NYSE:AL) by 34.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,698 shares of the transportation company’s stock after purchasing an additional 3,281 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Air Lease were worth $611,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Nationwide Fund Advisors grew its holdings in shares of Air Lease by 45.4% during the second quarter. Nationwide Fund Advisors now owns 33,684 shares of the transportation company’s stock valued at $1,258,000 after purchasing an additional 10,517 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of Air Lease by 18.9% during the third quarter. Prudential Financial Inc. now owns 255,979 shares of the transportation company’s stock valued at $10,910,000 after purchasing an additional 40,769 shares during the last quarter. BB&T Securities LLC boosted its position in shares of Air Lease by 45.1% during the third quarter. BB&T Securities LLC now owns 13,156 shares of the transportation company’s stock worth $560,000 after buying an additional 4,090 shares during the period. Zweig DiMenna Associates LLC boosted its position in shares of Air Lease by 90.4% during the third quarter. Zweig DiMenna Associates LLC now owns 156,913 shares of the transportation company’s stock worth $6,688,000 after buying an additional 74,500 shares during the period. Finally, Opera Trading Capital boosted its position in shares of Air Lease by 8.5% during the third quarter. Opera Trading Capital now owns 123,809 shares of the transportation company’s stock worth $5,277,000 after buying an additional 9,709 shares during the period. 90.67% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently commented on AL shares. Credit Suisse Group increased their price objective on Air Lease from $44.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. ValuEngine downgraded shares of Air Lease from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. 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 price target on the stock. Bank of America set a $47.00 price target on shares of Air Lease and gave the stock a “hold” rating in a research note on Thursday, October 19th. Finally, Zacks Investment Research cut shares of Air Lease from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $49.40.

In other Air Lease news, EVP Kishore Korde sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $44.99, for a total value of $89,980.00. Following the transaction, the executive vice president now directly owns 82,410 shares of the company’s stock, valued at $3,707,625.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jie Chen sold 52,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $45.00, for a total transaction of $2,340,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 81,000 shares of company stock valued at $3,661,430. Company insiders own 9.76% of the company’s stock.

Air Lease Corp (AL) traded down $0.25 during trading hours on Thursday, reaching $45.69. 223,103 shares of the company traded hands, compared to its average volume of 651,291. Air Lease Corp has a 52-week low of $34.42 and a 52-week high of $50.70. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $4,720.00, a price-to-earnings ratio of 13.13, a PEG ratio of 0.70 and a beta of 1.70.

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Air Lease Company 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.

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

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