Air Lease Co. (NYSE:AL) Position Trimmed by Highland Peak Capital LLC

Highland Peak Capital LLC trimmed its holdings in shares of Air Lease Co. (NYSE:AL) by 26.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 114,013 shares of the transportation company’s stock after selling 42,001 shares during the period. Air Lease comprises approximately 3.0% of Highland Peak Capital LLC’s investment portfolio, making the stock its 12th biggest position. Highland Peak Capital LLC owned approximately 0.10% of Air Lease worth $5,497,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in AL. Wilmington Savings Fund Society FSB purchased a new stake in shares of Air Lease in the 3rd quarter valued at approximately $31,000. SBI Securities Co. Ltd. purchased a new stake in Air Lease in the 4th quarter worth approximately $31,000. Steward Partners Investment Advisory LLC lifted its position in Air Lease by 1,506.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,189 shares of the transportation company’s stock worth $57,000 after buying an additional 1,115 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Air Lease by 679.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,497 shares of the transportation company’s stock worth $72,000 after buying an additional 1,305 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its position in Air Lease by 2,018.9% in the 4th quarter. Venturi Wealth Management LLC now owns 2,246 shares of the transportation company’s stock worth $108,000 after buying an additional 2,140 shares in the last quarter. 94.59% of the stock is currently owned by institutional investors.

Air Lease Stock Performance

NYSE:AL opened at $45.88 on Monday. Air Lease Co. has a 1 year low of $39.43 and a 1 year high of $52.31. The firm’s fifty day simple moving average is $47.04 and its 200 day simple moving average is $46.65. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 2.68. The firm has a market capitalization of $5.11 billion, a PE ratio of 13.78, a PEG ratio of 1.33 and a beta of 1.60.

Air Lease (NYSE:AL) last posted its quarterly earnings results on Thursday, February 13th. The transportation company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.44. Air Lease had a net margin of 15.65% and a return on equity of 8.01%. On average, sell-side analysts anticipate that Air Lease Co. will post 5.16 EPS for the current year.

Air Lease Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Tuesday, March 18th will be given a $0.22 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.88 annualized dividend and a yield of 1.92%. Air Lease’s dividend payout ratio is 26.43%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Air Lease from $56.00 to $57.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Bank of America downgraded shares of Air Lease from a “buy” rating to an “underperform” rating and cut their target price for the stock from $72.00 to $50.00 in a research report on Friday. Finally, The Goldman Sachs Group restated a “buy” rating and set a $65.00 price target on shares of Air Lease in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Air Lease currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.80.

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.