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

Peregrine Capital Management LLC lowered its position in Air Lease Co. (NYSE:AL - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 143,944 shares of the transportation company's stock after selling 5,210 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.13% of Air Lease worth $6,940,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Eastern Bank bought a new position in shares of Air Lease during the third quarter valued at approximately $27,000. Wilmington Savings Fund Society FSB bought a new position in shares of Air Lease during the third quarter valued at approximately $31,000. Venturi Wealth Management LLC boosted 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 valued at $108,000 after purchasing an additional 2,140 shares in the last quarter. GAMMA Investing LLC raised its position in shares of 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 acquiring an additional 441 shares in the last quarter. Finally, Principal Securities Inc. raised its position 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 acquiring an additional 276 shares in the last quarter. Institutional investors own 94.59% of the company's stock.

Air Lease Stock Down 5.9 %

NYSE AL traded down $2.97 during trading on Friday, hitting $47.65. The company's stock had a trading volume of 909,569 shares, compared to its average volume of 669,864. Air Lease Co. has a fifty-two week low of $39.39 and a fifty-two week high of $52.31. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.37 and a quick ratio of 0.37. The company has a market cap of $5.31 billion, a PE ratio of 14.31, a P/E/G ratio of 1.19 and a beta of 1.59. The business's 50 day simple moving average is $47.45 and its 200-day simple moving average is $46.35.

Air Lease (NYSE:AL - Get Free Report) last released its earnings results on Thursday, February 13th. The transportation company reported $1.26 EPS for the quarter, topping analysts' consensus estimates 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, equities analysts anticipate that Air Lease Co. will post 6.17 EPS for the current fiscal year.

Air Lease Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Tuesday, March 18th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Tuesday, March 18th. Air Lease's payout ratio is 26.43%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price target on Air Lease from $56.00 to $57.00 and gave the stock an "overweight" rating in a research report on Tuesday. The Goldman Sachs Group restated a "buy" rating and issued a $65.00 price target on shares of Air Lease in a report on Thursday, November 21st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Air Lease has a consensus rating of "Moderate Buy" and a consensus target price of $58.50.

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.