Venturi Wealth Management LLC Raises Position in Air Lease Co. (NYSE:AL)

Venturi Wealth Management LLC increased its holdings in shares of Air Lease Co. (NYSE:AL) by 2,018.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,246 shares of the transportation company’s stock after buying an additional 2,140 shares during the quarter. Venturi Wealth Management LLC’s holdings in Air Lease were worth $108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AL. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Air Lease during the third quarter worth $872,000. BCGM Wealth Management LLC purchased a new position in Air Lease in the 3rd quarter worth $1,899,000. Harbor Capital Advisors Inc. lifted its position in Air Lease by 109.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 161,127 shares of the transportation company’s stock worth $7,297,000 after acquiring an additional 84,016 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Air Lease by 3.4% during the 3rd 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 last quarter. Finally, Highland Peak Capital LLC acquired a new position in shares of Air Lease in the third quarter valued at about $7,066,000. 94.59% of the stock is currently owned by hedge funds and other institutional investors.

Air Lease Stock Down 5.9 %

Shares of AL opened at $47.65 on Monday. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 1.18 and a beta of 1.59. Air Lease Co. has a 52 week low of $39.39 and a 52 week high of $52.31. The stock’s 50-day moving average price is $47.42 and its 200-day moving average price is $46.46. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 2.68.

Air Lease (NYSE:AL) last released its quarterly earnings data on Thursday, February 13th. The transportation company reported $1.26 EPS for the quarter, topping the consensus estimate of $0.82 by $0.44. Air Lease had a return on equity of 8.01% and a net margin of 15.65%. On average, sell-side analysts predict that Air Lease Co. will post 6.17 EPS for the current year.

Air Lease Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Tuesday, March 18th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.88 dividend on an annualized basis and a yield of 1.85%. Air Lease’s payout ratio is 26.43%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AL shares. JPMorgan Chase & Co. lifted their target price on Air Lease from $56.00 to $57.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. The Goldman Sachs Group reissued a “buy” rating and set a $65.00 price target on shares of Air Lease in a research report on Thursday, November 21st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $58.50.

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.