Schwab Charles Investment Management Inc. grew its position in shares of Air Lease Corp (NYSE:AL) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 422,996 shares of the transportation company’s stock after purchasing an additional 28,479 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Air Lease were worth $20,342,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of AL. Parametric Portfolio Associates LLC grew its holdings in shares of Air Lease by 6.9% during the second quarter. Parametric Portfolio Associates LLC now owns 132,475 shares of the transportation company’s stock worth $4,949,000 after purchasing an additional 8,597 shares during the last quarter. QS Investors LLC grew its holdings in shares of Air Lease by 0.6% during the second quarter. QS Investors LLC now owns 3,464 shares of the transportation company’s stock worth $129,000 after purchasing an additional 21 shares during the last quarter. Janus Henderson Group PLC purchased a new position in shares of Air Lease during the second quarter worth about $1,353,000. State Street Corp grew its holdings in shares of Air Lease by 1.5% during the second quarter. State Street Corp now owns 1,349,037 shares of the transportation company’s stock worth $50,398,000 after purchasing an additional 19,548 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Air Lease during the second quarter worth about $362,000. 88.69% of the stock is currently owned by institutional investors.
In other Air Lease news, EVP Marc H. Baer sold 5,000 shares of Air Lease stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $44.13, for a total value of $220,650.00. Following the sale, the executive vice president now owns 127,001 shares of the company’s stock, valued at approximately $5,604,554.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jie Chen sold 4,000 shares of Air Lease stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $48.81, for a total value of $195,240.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 81,000 shares of company stock worth $3,661,430. Corporate insiders own 9.76% of the company’s stock.
Air Lease Corp (NYSE:AL) opened at $46.06 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.53. Air Lease Corp has a twelve month low of $34.42 and a twelve month high of $50.70. The stock has a market capitalization of $4,755.24, a PE ratio of 13.20, a P/E/G ratio of 0.72 and a beta of 1.71.
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Air Lease 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.
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