Gagnon Securities LLC Has $35.43 Million Holdings in Air Lease Co. (NYSE:AL)

Gagnon Securities LLC boosted its position in shares of Air Lease Co. (NYSE:AL) by 0.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 734,867 shares of the transportation company’s stock after buying an additional 1,223 shares during the quarter. Air Lease accounts for approximately 7.1% of Gagnon Securities LLC’s investment portfolio, making the stock its largest position. Gagnon Securities LLC’s holdings in Air Lease were worth $35,428,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Eastern Bank acquired a new position in shares of Air Lease in the 3rd quarter valued at $27,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Air Lease in the 3rd quarter valued at $31,000. GAMMA Investing LLC boosted its position in shares of Air Lease by 55.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,868 shares of the transportation company’s stock valued at $85,000 after purchasing an additional 667 shares during the period. KBC Group NV lifted its stake in Air Lease by 20.0% in the 3rd quarter. KBC Group NV now owns 3,345 shares of the transportation company’s stock worth $151,000 after acquiring an additional 557 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Air Lease by 12.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,468 shares of the transportation company’s stock worth $157,000 after acquiring an additional 389 shares in the last quarter. Institutional investors own 94.59% of the company’s stock.

Air Lease Price Performance

Shares of NYSE:AL opened at $46.22 on Friday. The business’s 50 day moving average is $48.36 and its 200-day moving average is $46.43. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 2.63. The firm has a market capitalization of $5.15 billion, a PE ratio of 10.53, a PEG ratio of 1.00 and a beta of 1.61. Air Lease Co. has a 1-year low of $39.35 and a 1-year high of $52.31.

Air Lease Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th were given a $0.22 dividend. This is an increase from Air Lease’s previous quarterly dividend of $0.21. The ex-dividend date was Thursday, December 12th. This represents a $0.88 annualized dividend and a yield of 1.90%. Air Lease’s payout ratio is presently 20.05%.

Analysts Set New Price Targets

Several brokerages recently issued reports on AL. JPMorgan Chase & Co. increased their price objective on Air Lease from $52.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group reissued a “buy” rating and issued a $65.00 price objective on shares of Air Lease in a research note on Thursday, November 21st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Air Lease has an average rating of “Moderate Buy” and an average target price of $57.60.

Air Lease Company 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.