Reinhart Partners LLC. Has $76.45 Million Holdings in Air Lease Co. (NYSE:AL)

Reinhart Partners LLC. boosted its holdings in shares of Air Lease Co. (NYSE:AL - Free Report) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,585,790 shares of the transportation company's stock after buying an additional 42,034 shares during the period. Air Lease makes up about 2.9% of Reinhart Partners LLC.'s holdings, making the stock its 7th largest holding. Reinhart Partners LLC. owned 1.42% of Air Lease worth $76,451,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. State Street Corp boosted its holdings in shares of Air Lease by 0.8% in the 3rd quarter. State Street Corp now owns 3,410,373 shares of the transportation company's stock worth $155,180,000 after purchasing an additional 25,874 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of Air Lease by 2.5% during the third quarter. Royce & Associates LP now owns 2,875,522 shares of the transportation company's stock worth $130,232,000 after purchasing an additional 70,299 shares during the period. Earnest Partners LLC grew its stake in shares of Air Lease by 7.4% in the second quarter. Earnest Partners LLC now owns 2,269,280 shares of the transportation company's stock worth $107,859,000 after purchasing an additional 155,665 shares during the last quarter. Copeland Capital Management LLC lifted its holdings in Air Lease by 0.7% in the 3rd quarter. Copeland Capital Management LLC now owns 1,830,994 shares of the transportation company's stock worth $82,926,000 after buying an additional 12,441 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Air Lease by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,630,317 shares of the transportation company's stock worth $73,858,000 after buying an additional 6,190 shares during the last quarter. 94.59% of the stock is currently owned by hedge funds and other institutional investors.

Air Lease Stock Up 0.3 %

Shares of AL stock traded up $0.15 during mid-day trading on Monday, reaching $45.18. 787,136 shares of the company's stock traded hands, compared to its average volume of 699,591. The company's 50-day moving average price is $48.81 and its 200-day moving average price is $46.52. The company has a market cap of $5.03 billion, a P/E ratio of 10.29, a P/E/G ratio of 1.55 and a beta of 1.61. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 2.63. Air Lease Co. has a 12 month low of $39.15 and a 12 month high of $52.31.

Air Lease Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, December 12th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.88 annualized dividend and a yield of 1.95%. This is a positive change from Air Lease's previous quarterly dividend of $0.21. Air Lease's payout ratio is presently 20.05%.

Wall Street Analyst Weigh In

A number of analysts recently commented on AL shares. JPMorgan Chase & Co. raised their price target on Air Lease from $52.00 to $56.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 12th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $65.00 target price on shares of Air Lease in a research report on Thursday, November 21st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Air Lease presently has an average rating of "Moderate Buy" and a consensus price target of $57.60.

Air Lease 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.