Air Lease Co. (NYSE:AL) is Villanova Investment Management Co LLC’s 2nd Largest Position

Villanova Investment Management Co LLC grew its holdings in shares of Air Lease Co. (NYSE:AL) by 10.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 103,576 shares of the transportation company’s stock after acquiring an additional 10,154 shares during the quarter. Air Lease makes up 4.4% of Villanova Investment Management Co LLC’s holdings, making the stock its 2nd biggest holding. Villanova Investment Management Co LLC’s holdings in Air Lease were worth $4,993,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AL. Arizona State Retirement System increased its position in Air Lease by 0.8% during the fourth quarter. Arizona State Retirement System now owns 30,708 shares of the transportation company’s stock valued at $1,480,000 after acquiring an additional 244 shares during the last quarter. Principal Securities Inc. grew its holdings in Air Lease by 11.6% during the 4th quarter. Principal Securities Inc. now owns 2,655 shares of the transportation company’s stock valued at $128,000 after purchasing an additional 276 shares during the last quarter. State of New Jersey Common Pension Fund D raised its position in Air Lease by 0.7% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 43,524 shares of the transportation company’s stock worth $2,098,000 after purchasing an additional 318 shares during the period. BNP Paribas Financial Markets lifted its stake in Air Lease by 12.6% in the third quarter. BNP Paribas Financial Markets now owns 3,468 shares of the transportation company’s stock worth $157,000 after purchasing an additional 389 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Air Lease by 23.6% during the fourth quarter. GAMMA Investing LLC now owns 2,309 shares of the transportation company’s stock valued at $111,000 after buying an additional 441 shares during the period. Institutional investors own 94.59% of the company’s stock.

Air Lease Trading Up 0.3 %

AL opened at $48.36 on Tuesday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 2.68. The stock’s fifty day moving average is $46.99 and its two-hundred day moving average is $46.94. The company has a market capitalization of $5.40 billion, a P/E ratio of 14.52, a PEG ratio of 1.33 and a beta of 1.60. Air Lease Co. has a 52 week low of $39.43 and a 52 week high of $52.31.

Air Lease (NYSE:AL) last announced its quarterly earnings results on Thursday, February 13th. The transportation company reported $1.26 EPS for the quarter, beating 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%. Analysts forecast that Air Lease Co. will post 5.16 earnings per share for the current year.

Air Lease Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Stockholders 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 annualized dividend and a dividend yield of 1.82%. Air Lease’s dividend payout ratio is currently 26.43%.

Wall Street Analyst Weigh In

AL has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their price target on Air Lease from $56.00 to $57.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. UBS Group set a $50.00 target price on Air Lease in a research report on Friday, March 7th. Finally, Bank of America lowered shares of Air Lease from a “buy” rating to an “underperform” rating and lowered their target price for the company from $72.00 to $50.00 in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.67.

Air Lease Company 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.