Cooke & Bieler LP Sells 83,360 Shares of Air Lease Co. (NYSE:AL)

Cooke & Bieler LP reduced its position in Air Lease Co. (NYSE:AL - Free Report) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,201,384 shares of the transportation company's stock after selling 83,360 shares during the quarter. Cooke & Bieler LP owned about 1.08% of Air Lease worth $57,919,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of Air Lease during the 4th quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Air Lease during the 3rd quarter valued at approximately $31,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Air Lease by 1,506.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,189 shares of the transportation company's stock valued at $57,000 after purchasing an additional 1,115 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Air Lease by 679.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,497 shares of the transportation company's stock valued at $72,000 after purchasing an additional 1,305 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in Air Lease by 2,018.9% during the 4th quarter. Venturi Wealth Management LLC now owns 2,246 shares of the transportation company's stock worth $108,000 after buying an additional 2,140 shares during the period. 94.59% of the stock is owned by institutional investors.

Air Lease Stock Down 5.5 %

Shares of NYSE AL opened at $43.38 on Tuesday. The company has a market capitalization of $4.83 billion, a P/E ratio of 13.03, a price-to-earnings-growth 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 debt-to-equity ratio of 2.68, a quick ratio of 0.37 and a current ratio of 0.37. The company's 50 day moving average price is $47.04 and its 200-day moving average price is $46.65.

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Air Lease (NYSE:AL - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The transportation company reported $1.26 earnings per share (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%. Equities analysts forecast that Air Lease Co. will post 5.16 earnings per share for the current year.

Air Lease Dividend Announcement

The business 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 dividend of $0.22 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.03%. Air Lease's payout ratio is presently 26.43%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Bank of America downgraded shares of Air Lease from a "buy" rating to an "underperform" rating and cut their target price for the stock from $72.00 to $50.00 in a research report on Friday. JPMorgan Chase & Co. lifted their target price 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. The Goldman Sachs Group reiterated a "buy" rating and set a $65.00 target price on shares of Air Lease in a research report on Thursday, November 21st. Finally, UBS Group set a $50.00 target price on shares of Air Lease in a research report on Friday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $55.67.

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.

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