EntryPoint Capital LLC Acquires New Holdings in Air Lease Co. (NYSE:AL)

EntryPoint Capital LLC acquired a new position in Air Lease Co. (NYSE:AL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,029 shares of the transportation company's stock, valued at approximately $435,000.

Other hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in Air Lease during the 4th quarter worth approximately $31,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Air Lease during the third quarter valued at approximately $872,000. Raymond James Financial Inc. acquired a new position in shares of Air Lease during the fourth quarter worth $31,414,000. Charles Schwab Investment Management Inc. lifted its position in shares of Air Lease by 3.4% during the third 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. Finally, Loomis Sayles & Co. L P purchased a new position in shares of Air Lease in the third quarter valued at $18,289,000. Hedge funds and other institutional investors own 94.59% of the company's stock.

Air Lease Stock Performance

Shares of AL stock traded down $0.76 on Friday, hitting $48.32. 682,108 shares of the stock traded hands, compared to its average volume of 740,456. The company's fifty day moving average is $46.96 and its 200 day moving average is $46.87. Air Lease Co. has a 1-year low of $39.43 and a 1-year high of $52.31. The company has a market capitalization of $5.40 billion, a PE ratio of 14.51, a PEG ratio of 1.33 and a beta of 1.60. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.37 and a quick ratio of 0.37.

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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 earnings per share 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 research analysts predict that Air Lease Co. will post 5.16 earnings per share for the current fiscal year.

Air Lease Announces Dividend

The business also recently announced 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 1.82%. Air Lease's payout ratio is currently 26.43%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AL shares. JPMorgan Chase & Co. lifted their price target on shares of Air Lease from $56.00 to $57.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Bank of America downgraded Air Lease from a "buy" rating to an "underperform" rating and reduced their price target for the company from $72.00 to $50.00 in a report on Friday, March 7th. Finally, UBS Group set a $50.00 price objective on shares of Air Lease in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price 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.