Air Lease Co. (NYSE:AL) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC reduced its position in Air Lease Co. (NYSE:AL) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 143,944 shares of the transportation company’s stock after selling 5,210 shares during the quarter. Peregrine Capital Management LLC owned about 0.13% of Air Lease worth $6,940,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Venturi Wealth Management LLC grew its stake in shares of Air Lease by 2,018.9% during the fourth quarter. Venturi Wealth Management LLC now owns 2,246 shares of the transportation company’s stock worth $108,000 after acquiring an additional 2,140 shares during the last quarter. CIBC Asset Management Inc grew its position in Air Lease by 21.4% during the 4th quarter. CIBC Asset Management Inc now owns 10,451 shares of the transportation company’s stock worth $504,000 after purchasing an additional 1,842 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Air Lease by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 855,240 shares of the transportation company’s stock worth $41,230,000 after buying an additional 25,193 shares during the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of Air Lease by 0.7% in the fourth 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 buying an additional 318 shares during the last quarter. Finally, Principal Securities Inc. lifted its stake in shares of Air Lease by 11.6% during the fourth quarter. Principal Securities Inc. now owns 2,655 shares of the transportation company’s stock worth $128,000 after buying an additional 276 shares during the period. 94.59% of the stock is owned by institutional investors and hedge funds.

Air Lease Price Performance

Shares of AL opened at $50.49 on Wednesday. The business’s 50-day moving average is $47.40 and its two-hundred day moving average is $46.29. The company has a market capitalization of $5.62 billion, a P/E ratio of 11.50, a P/E/G ratio of 1.00 and a beta of 1.59. Air Lease Co. has a fifty-two week low of $39.35 and a fifty-two week high of $52.31. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.43 and a current ratio of 0.43.

Air Lease (NYSE:AL) last announced its quarterly earnings results on Thursday, February 13th. The transportation company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.44. Air Lease had a return on equity of 8.92% and a net margin of 19.58%. Research analysts predict that Air Lease Co. will post 4.65 earnings per share for the current year.

Air Lease Announces Dividend

The company 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 dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Tuesday, March 18th. Air Lease’s dividend payout ratio (DPR) is presently 26.43%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AL shares. The Goldman Sachs Group restated a “buy” rating and issued a $65.00 target price on shares of Air Lease in a research note on Thursday, November 21st. JPMorgan Chase & Co. raised their price objective on Air Lease from $56.00 to $57.00 and gave the stock an “overweight” rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.80.

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.