Marathon Asset Management Ltd Has $15.32 Million Stock Holdings in Air Lease Co. (NYSE:AL)

Marathon Asset Management Ltd lowered its stake in Air Lease Co. (NYSE:AL) by 10.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 336,908 shares of the transportation company’s stock after selling 39,032 shares during the quarter. Marathon Asset Management Ltd owned about 0.30% of Air Lease worth $15,323,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Altshuler Shaham Ltd acquired a new position in Air Lease in the second quarter valued at about $29,000. Mather Group LLC. bought a new position in Air Lease during the 1st quarter worth approximately $31,000. GAMMA Investing LLC grew its holdings in Air Lease by 108.1% during the second quarter. GAMMA Investing LLC now owns 1,201 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 624 shares during the period. Hilltop National Bank increased its stake in Air Lease by 33.8% in the second quarter. Hilltop National Bank now owns 1,775 shares of the transportation company’s stock valued at $84,000 after purchasing an additional 448 shares in the last quarter. Finally, Monetary Management Group Inc. acquired a new stake in Air Lease in the second quarter worth $95,000. 94.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AL. 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. JPMorgan Chase & Co. dropped their price target on Air Lease from $54.00 to $52.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Finally, Barclays decreased their price objective on Air Lease from $55.00 to $54.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $54.75.

Air Lease Stock Performance

Shares of AL stock opened at $45.00 on Friday. The company’s fifty day simple moving average is $44.32 and its 200-day simple moving average is $46.78. Air Lease Co. has a 12 month low of $33.33 and a 12 month high of $52.31. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 2.69. The firm has a market cap of $5.01 billion, a PE ratio of 9.07, a P/E/G ratio of 1.29 and a beta of 1.59.

Air Lease (NYSE:AL) last released its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.15 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.41). The company had revenue of $667.29 million for the quarter, compared to the consensus estimate of $687.93 million. Air Lease had a return on equity of 8.97% and a net margin of 20.85%. Equities research analysts expect that Air Lease Co. will post 4.83 EPS for the current fiscal year.

Air Lease Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Friday, September 6th were given a $0.21 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.87%. Air Lease’s payout ratio is 16.94%.

About Air Lease

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.