Brandywine Global Investment Management LLC Trims Position in Air Lease Co. (NYSE:AL)

Brandywine Global Investment Management LLC trimmed its position in shares of Air Lease Co. (NYSE:AL - Free Report) by 21.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 342,784 shares of the transportation company's stock after selling 93,096 shares during the quarter. Brandywine Global Investment Management LLC owned 0.31% of Air Lease worth $16,526,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in Air Lease by 3.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,115,221 shares of the transportation company's stock worth $50,508,000 after purchasing an additional 36,596 shares in the last quarter. Bank of Montreal Can grew its holdings in Air Lease by 1.4% during the third quarter. Bank of Montreal Can now owns 70,984 shares of the transportation company's stock worth $3,250,000 after buying an additional 966 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Air Lease by 6.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 24,665 shares of the transportation company's stock valued at $1,117,000 after buying an additional 1,390 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in 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 acquiring an additional 389 shares in the last quarter. Finally, Captrust Financial Advisors boosted its holdings in Air Lease by 8.7% during the 3rd quarter. Captrust Financial Advisors now owns 10,924 shares of the transportation company's stock worth $495,000 after acquiring an additional 877 shares during the last quarter. 94.59% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of research analysts recently weighed in on AL shares. UBS Group set a $50.00 price target on shares of Air Lease in a research report on Friday, March 7th. Bank of America cut shares of Air Lease from a "buy" rating to an "underperform" rating and dropped their target price for the stock from $72.00 to $50.00 in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. upped their target price on Air Lease from $56.00 to $57.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $55.67.

Air Lease Stock Performance

AL traded down $3.13 during midday trading on Friday, reaching $42.00. The company had a trading volume of 1,698,793 shares, compared to its average volume of 744,160. The business has a 50-day moving average price of $46.93 and a two-hundred day moving average price of $46.97. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.37 and a current ratio of 0.37. Air Lease Co. has a 12-month low of $39.43 and a 12-month high of $52.31. The stock has a market cap of $4.69 billion, a PE ratio of 12.61, a P/E/G ratio of 1.33 and a beta of 1.60.

Air Lease (NYSE:AL - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The transportation company reported $1.26 earnings per share for the quarter, topping 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%. On average, sell-side analysts expect that Air Lease Co. will post 5.16 earnings per share for the current fiscal year.

Air Lease Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Tuesday, March 18th will be paid a $0.22 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.88 annualized dividend and a dividend yield of 2.10%. Air Lease's payout ratio is 26.43%.

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.