Hahn Capital Management LLC Has $35.72 Million Holdings in Air Lease Corp (NYSE:AL)

Share on StockTwits

Hahn Capital Management LLC lowered its position in Air Lease Corp (NYSE:AL) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 751,671 shares of the transportation company’s stock after selling 16,336 shares during the period. Air Lease makes up approximately 4.6% of Hahn Capital Management LLC’s investment portfolio, making the stock its 6th biggest holding. Hahn Capital Management LLC owned approximately 0.67% of Air Lease worth $35,719,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AL. NumerixS Investment Technologies Inc acquired a new stake in shares of Air Lease during the second quarter worth $54,000. AE Wealth Management LLC bought a new position in Air Lease in the third quarter worth $208,000. Capital Management Associates NY acquired a new position in Air Lease during the third quarter worth $209,000. Comerica Bank raised its stake in Air Lease by 6.0% during the third quarter. Comerica Bank now owns 5,794 shares of the transportation company’s stock worth $256,000 after acquiring an additional 329 shares in the last quarter. Finally, WBI Investments Inc. acquired a new position in Air Lease during the third quarter worth $274,000. 90.83% of the stock is owned by institutional investors and hedge funds.

AL traded down $0.19 during midday trading on Friday, reaching $49.44. 52,066 shares of the company were exchanged, compared to its average volume of 611,555. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.80 and a current ratio of 0.80. Air Lease Corp has a one year low of $31.98 and a one year high of $49.85. The stock has a market capitalization of $5.59 billion, a P/E ratio of 10.75, a PEG ratio of 0.86 and a beta of 1.85. The stock’s 50-day simple moving average is $47.39 and its 200 day simple moving average is $43.42.

Air Lease (NYSE:AL) last announced its quarterly earnings data on Thursday, November 7th. The transportation company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.05. The business had revenue of $531.00 million during the quarter, compared to the consensus estimate of $525.63 million. Air Lease had a return on equity of 10.81% and a net margin of 29.22%. Air Lease’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.73 EPS. On average, research analysts anticipate that Air Lease Corp will post 5.06 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 20th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Thursday, December 19th. This is a boost from Air Lease’s previous quarterly dividend of $0.13. Air Lease’s dividend payout ratio is currently 13.04%.

Separately, ValuEngine lowered Air Lease from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 4th. Two research analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $48.00.

In other Air Lease news, EVP Marc H. Baer sold 7,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $46.77, for a total value of $327,390.00. Following the transaction, the executive vice president now directly owns 123,008 shares in the company, valued at approximately $5,753,084.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Carol Hyland Forsyte sold 10,691 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $45.64, for a total transaction of $487,937.24. Following the completion of the transaction, the executive vice president now owns 41,656 shares in the company, valued at $1,901,179.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 378,950 shares of company stock valued at $17,129,296. 8.76% of the stock is owned by corporate insiders.

Air Lease Profile

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet transport aircraft to airlines worldwide. The company also sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, and airlines.

Recommended Story: How Do You Make Money With Penny Stocks?

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

Receive News & Ratings for Air Lease Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Lease and related companies with MarketBeat.com's FREE daily email newsletter.