Air Lease Corporation (AL) Position Maintained by Teacher Retirement System of Texas

Teacher Retirement System of Texas maintained its stake in shares of Air Lease Corporation (NYSE:AL) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,743 shares of the transportation company’s stock at the end of the first quarter. Teacher Retirement System of Texas’ holdings in Air Lease Corporation were worth $300,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Leith Wheeler Investment Counsel Ltd. raised its position in shares of Air Lease Corporation by 1,201.1% in the first quarter. Leith Wheeler Investment Counsel Ltd. now owns 24,422 shares of the transportation company’s stock valued at $946,000 after buying an additional 22,545 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Air Lease Corporation by 1.9% in the fourth quarter. Teachers Advisors LLC now owns 96,734 shares of the transportation company’s stock valued at $3,321,000 after buying an additional 1,850 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Air Lease Corporation during the fourth quarter valued at about $376,000. Norges Bank acquired a new position in shares of Air Lease Corporation during the fourth quarter valued at about $14,466,000. Finally, Two Sigma Investments LP acquired a new position in shares of Air Lease Corporation during the fourth quarter valued at about $740,000. 92.04% of the stock is owned by institutional investors.

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

Air Lease Corporation (NYSE:AL) opened at 36.56 on Friday. Air Lease Corporation has a 52-week low of $24.49 and a 52-week high of $40.24. The firm’s 50-day moving average price is $37.43 and its 200-day moving average price is $37.24. The firm has a market cap of $3.77 billion, a P/E ratio of 10.89 and a beta of 1.69.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 11th. Investors of record on Wednesday, June 14th will be given a dividend of $0.075 per share. The ex-dividend date is Monday, June 12th. This represents a $0.30 annualized dividend and a dividend yield of 0.82%. Air Lease Corporation’s payout ratio is 8.90%.

ILLEGAL ACTIVITY WARNING: This article was first published by Mideast Time and is the sole property of of Mideast Time. If you are viewing this article on another site, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this article can be viewed at https://www.mideasttime.com/air-lease-corporation-al-position-maintained-by-teacher-retirement-system-of-texas/1807545.html.

Several equities analysts recently issued reports on AL shares. Zacks Investment Research lowered Air Lease Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, May 30th. Morgan Stanley lowered Air Lease Corporation from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $40.00 to $42.00 in a research report on Thursday, April 6th. Cowen and Company boosted their price objective on Air Lease Corporation from $37.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, February 24th. FBR & Co decreased their price objective on Air Lease Corporation from $47.00 to $45.00 and set an “outperform” rating for the company in a research report on Monday, May 15th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Air Lease Corporation in a research report on Friday, May 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $44.33.

In related news, EVP Kishore Korde sold 2,000 shares of Air Lease Corporation stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $38.00, for a total transaction of $76,000.00. Following the transaction, the executive vice president now owns 86,410 shares of the company’s stock, valued at $3,283,580. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Grant A. Levy sold 27,854 shares of Air Lease Corporation stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $38.16, for a total value of $1,062,908.64. Following the transaction, the executive vice president now directly owns 210,824 shares in the company, valued at approximately $8,045,043.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,854 shares of company stock worth $1,214,909. 9.76% of the stock is owned by insiders.

About Air Lease Corporation

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding AL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Lease Corporation (NYSE:AL).

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



Leave a Reply

 
© 2006-2017 Mideast Time.