403,827 Shares in Air Lease Co. (NYSE:AL) Acquired by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P acquired a new stake in shares of Air Lease Co. (NYSE:AL) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 403,827 shares of the transportation company’s stock, valued at approximately $18,289,000. Loomis Sayles & Co. L P owned 0.36% of Air Lease as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of AL. Raymond James Trust N.A. boosted its position in Air Lease by 26.3% in the 3rd quarter. Raymond James Trust N.A. now owns 36,274 shares of the transportation company’s stock valued at $1,643,000 after buying an additional 7,563 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Air Lease by 3.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,115,221 shares of the transportation company’s stock valued at $50,508,000 after purchasing an additional 36,596 shares during the period. Highland Peak Capital LLC bought a new position in Air Lease in the third quarter worth approximately $7,066,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Air Lease in the third quarter worth approximately $872,000. Finally, Factorial Partners LLC increased its holdings in Air Lease by 10.7% during the 3rd quarter. Factorial Partners LLC now owns 79,700 shares of the transportation company’s stock worth $3,610,000 after purchasing an additional 7,700 shares during the period. Institutional investors own 94.59% of the company’s stock.

Air Lease Price Performance

AL opened at $51.22 on Wednesday. The business’s 50-day moving average is $45.64 and its two-hundred day moving average is $46.12. Air Lease Co. has a 1 year low of $37.65 and a 1 year high of $52.31. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.43 and a quick ratio of 0.43. The firm has a market capitalization of $5.70 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 1.57 and a beta of 1.59.

Air Lease Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a $0.22 dividend. This is a boost from Air Lease’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Thursday, December 12th. Air Lease’s dividend payout ratio (DPR) is currently 20.05%.

Analyst Upgrades and Downgrades

AL has been the subject of several research reports. The Goldman Sachs Group reiterated a “buy” rating and issued a $65.00 target price on shares of Air Lease in a report on Thursday, November 21st. JPMorgan Chase & Co. upped their price objective on shares of Air Lease from $52.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Finally, Barclays cut their target price on shares of Air Lease from $55.00 to $54.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.60.

Air Lease 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.