Factorial Partners LLC Has $3.61 Million Stock Position in Air Lease Co. (NYSE:AL)

by · The Cerbat Gem

Factorial Partners LLC grew its stake in Air Lease Co. (NYSE:AL – Free Report) by 10.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,700 shares of the transportation company’s stock after purchasing an additional 7,700 shares during the period. Air Lease comprises about 2.1% of Factorial Partners LLC’s investment portfolio, making the stock its 17th biggest position. Factorial Partners LLC owned about 0.07% of Air Lease worth $3,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in AL. Oppenheimer Asset Management Inc. boosted its stake in Air Lease by 0.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 53,625 shares of the transportation company’s stock worth $2,429,000 after buying an additional 314 shares in the last quarter. CWM LLC grew its stake in shares of Air Lease by 16.5% in the 2nd quarter. CWM LLC now owns 3,111 shares of the transportation company’s stock valued at $148,000 after purchasing an additional 440 shares during the period. Hilltop National Bank lifted its position in shares of Air Lease by 33.8% during the 2nd quarter. Hilltop National Bank now owns 1,775 shares of the transportation company’s stock worth $84,000 after buying an additional 448 shares during the period. KBC Group NV grew its holdings in shares of Air Lease by 20.0% during the third quarter. KBC Group NV now owns 3,345 shares of the transportation company’s stock worth $151,000 after purchasing an additional 557 shares during the last quarter. Finally, Fulton Bank N.A. increased its stake in shares of Air Lease by 6.6% in the third quarter. Fulton Bank N.A. now owns 9,588 shares of the transportation company’s stock valued at $434,000 after buying an additional 597 shares in the last quarter. Institutional investors own 94.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Barclays decreased their price objective on shares of Air Lease from $55.00 to $54.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. JPMorgan Chase & Co. raised their price target on shares of Air Lease from $52.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Finally, TD Cowen started coverage on shares of Air Lease in a research report on Monday, July 29th. They issued a “buy” rating and a $58.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $55.75.

Check Out Our Latest Research Report on Air Lease

Air Lease Price Performance

Shares of AL opened at $48.24 on Wednesday. The stock has a market cap of $5.37 billion, a P/E ratio of 10.99, a price-to-earnings-growth ratio of 1.44 and a beta of 1.59. Air Lease Co. has a 1 year low of $37.65 and a 1 year high of $52.31. The stock’s 50-day moving average price is $45.09 and its two-hundred day moving average price is $46.10. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 2.63.

Air Lease Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a dividend of $0.22 per share. This is a positive change from Air Lease’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, December 12th. This represents a $0.88 annualized dividend and a yield of 1.82%. Air Lease’s dividend payout ratio (DPR) is presently 19.13%.

Air Lease Company Profile

(Free Report)

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.

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