Air Lease Corporation (AL) Position Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in shares of Air Lease Corporation (NYSE:AL) by 5.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,394,135 shares of the company’s stock after buying an additional 235,094 shares during the period. Dimensional Fund Advisors LP owned 4.27% of Air Lease Corporation worth $150,853,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of AL. Royal Bank of Canada raised its position in shares of Air Lease Corporation by 15.4% in the second quarter. Royal Bank of Canada now owns 1,400,715 shares of the company’s stock valued at $37,510,000 after buying an additional 186,687 shares during the last quarter. Norris Perne & French LLP MI raised its position in shares of Air Lease Corporation by 11.6% in the third quarter. Norris Perne & French LLP MI now owns 341,420 shares of the company’s stock valued at $9,758,000 after buying an additional 35,388 shares during the last quarter. BTR Capital Management Inc. raised its position in shares of Air Lease Corporation by 2.4% in the third quarter. BTR Capital Management Inc. now owns 259,650 shares of the company’s stock valued at $7,421,000 after buying an additional 6,150 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Air Lease Corporation by 6.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,555,844 shares of the company’s stock valued at $73,046,000 after buying an additional 147,648 shares during the last quarter. Finally, Vontobel Asset Management Inc. raised its position in shares of Air Lease Corporation by 25.1% in the third quarter. Vontobel Asset Management Inc. now owns 1,373,979 shares of the company’s stock valued at $39,270,000 after buying an additional 275,600 shares during the last quarter. Hedge funds and other institutional investors own 90.06% of the company’s stock.

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

Shares of Air Lease Corporation (NYSE:AL) traded up 0.13% during mid-day trading on Friday, hitting $39.03. The company had a trading volume of 92,149 shares. Air Lease Corporation has a 12-month low of $24.49 and a 12-month high of $39.74. The firm’s 50 day moving average is $36.38 and its 200-day moving average is $32.29. The firm has a market cap of $4.01 billion, a PE ratio of 11.85 and a beta of 1.60.

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Several research analysts have recently commented on AL shares. Compass Point started coverage on Air Lease Corporation in a research report on Wednesday, January 4th. They issued a “buy” rating and a $46.00 target price for the company. TheStreet upgraded Air Lease Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, November 29th. FBR & Co lifted their target price on Air Lease Corporation from $36.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 22nd. Finally, Stephens started coverage on Air Lease Corporation in a research report on Tuesday, November 1st. They issued an “overweight” rating and a $48.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $46.06.

In other news, EVP Alex A. Khatibi sold 10,871 shares of the firm’s stock in a transaction dated Friday, December 16th. The stock was sold at an average price of $35.09, for a total value of $381,463.39. Following the completion of the transaction, the executive vice president now owns 154,487 shares in the company, valued at approximately $5,420,948.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Grant A. Levy sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $36.06, for a total value of $324,540.00. Following the completion of the transaction, the executive vice president now owns 166,608 shares of the company’s stock, valued at approximately $6,007,884.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,641 shares of company stock valued at $1,056,091. Corporate insiders own 9.45% of the company’s stock.

Air Lease Corporation 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.

5 Day Chart for NYSE:AL

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