Highland Peak Capital LLC Cuts Stock Holdings in Air Lease Co. (NYSE:AL)

Highland Peak Capital LLC decreased its position in Air Lease Co. (NYSE:AL - Free Report) by 26.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund 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 portfolio, making the stock its 12th biggest holding. Highland Peak Capital LLC owned about 0.10% of Air Lease worth $5,497,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of AL. Amundi boosted its stake in shares of Air Lease by 191.1% in the fourth quarter. Amundi now owns 53,088 shares of the transportation company's stock worth $2,509,000 after acquiring an additional 34,853 shares during the period. Raymond James Financial Inc. purchased a new position in Air Lease during the 4th quarter worth $31,414,000. Arizona State Retirement System lifted its holdings in shares of Air Lease by 0.8% during the fourth quarter. Arizona State Retirement System now owns 30,708 shares of the transportation company's stock worth $1,480,000 after purchasing an additional 244 shares during the period. Verdence Capital Advisors LLC acquired a new position in Air Lease in the fourth quarter valued at approximately $379,000. Finally, Proficio Capital Partners LLC acquired a new stake in Air Lease in the fourth quarter valued at approximately $593,000. Institutional investors own 94.59% of the company's stock.

Air Lease Stock Up 0.4 %

AL stock traded up $0.16 during trading hours on Thursday, hitting $44.48. The company's stock had a trading volume of 677,324 shares, compared to its average volume of 702,282. The stock has a 50 day moving average price of $46.78 and a two-hundred day moving average price of $46.61. 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 Co. has a 12 month low of $39.43 and a 12 month high of $52.31. The company has a market capitalization of $4.95 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 1.33 and a beta of 1.60.

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Air Lease (NYSE:AL - Get Free Report) last issued its earnings results on Thursday, February 13th. The transportation company reported $1.26 EPS for the quarter, beating analysts' consensus estimates 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, equities research analysts expect that Air Lease Co. will post 5.16 earnings per share for the current year.

Air Lease Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Tuesday, March 18th will be paid 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 1.98%. Air Lease's payout ratio is presently 26.43%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AL shares. JPMorgan Chase & Co. raised their price objective 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 lowered shares of Air Lease from a "buy" rating to an "underperform" rating and lowered their target price for the stock from $72.00 to $50.00 in a research report on Friday, March 7th. UBS Group set a $50.00 price objective on shares of Air Lease in a research report on Friday, March 7th. Finally, The Goldman Sachs Group restated a "buy" rating and set a $65.00 target price on shares of Air Lease in a research report on Thursday, November 21st. One investment 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. Based on data from MarketBeat, Air Lease has a consensus rating of "Moderate Buy" and a consensus target price 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.