EntryPoint Capital LLC Acquires New Holdings in Air Lease Co. (NYSE:AL)

EntryPoint Capital LLC bought a new position in Air Lease Co. (NYSE:AL) during the 4th quarter, Holdings Channel reports. The institutional investor bought 9,029 shares of the transportation company’s stock, valued at approximately $435,000.

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

Analyst Ratings Changes

Several research firms have commented on AL. JPMorgan Chase & Co. lifted their price target on shares of Air Lease from $56.00 to $57.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Bank of America downgraded shares of Air Lease from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $72.00 to $50.00 in a research note on Friday, March 7th. Finally, UBS Group set a $50.00 price objective on Air Lease in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Air Lease presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.67.

Air Lease Trading Down 1.0 %

NYSE:AL opened at $48.99 on Wednesday. The firm has a market capitalization of $5.48 billion, a P/E ratio of 14.71, a P/E/G 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. 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 company has a fifty day moving average of $46.83 and a 200 day moving average of $46.76.

Air Lease (NYSE:AL) last issued its quarterly earnings data 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 net margin of 15.65% and a return on equity of 8.01%. On average, research analysts predict that Air Lease Co. will post 5.16 earnings per share for the current year.

Air Lease Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.80%. Air Lease’s dividend payout ratio is presently 26.43%.

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.