Keeley Teton Advisors LLC Cuts Stock Holdings in Air Lease Co. (NYSE:AL)

Keeley Teton Advisors LLC trimmed its holdings in shares of Air Lease Co. (NYSE:AL - Free Report) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 158,629 shares of the transportation company's stock after selling 8,049 shares during the quarter. Air Lease accounts for about 0.9% of Keeley Teton Advisors LLC's portfolio, making the stock its 18th largest position. Keeley Teton Advisors LLC owned approximately 0.14% of Air Lease worth $7,648,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its holdings in shares of Air Lease by 12.6% in the third quarter. BNP Paribas Financial Markets now owns 3,468 shares of the transportation company's stock worth $157,000 after buying an additional 389 shares during the last quarter. Stifel Financial Corp increased its position in shares of Air Lease by 7.9% in the 3rd quarter. Stifel Financial Corp now owns 84,188 shares of the transportation company's stock valued at $3,813,000 after acquiring an additional 6,136 shares during the period. Orion Portfolio Solutions LLC lifted its position in Air Lease by 11.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 4,819 shares of the transportation company's stock worth $218,000 after acquiring an additional 511 shares during the period. MML Investors Services LLC grew its stake in Air Lease by 12.9% during the 3rd quarter. MML Investors Services LLC now owns 47,122 shares of the transportation company's stock valued at $2,134,000 after purchasing an additional 5,387 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Air Lease by 104.6% in the third quarter. Barclays PLC now owns 86,033 shares of the transportation company's stock valued at $3,897,000 after purchasing an additional 43,981 shares during the period. 94.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Air Lease Stock Performance

Air Lease stock traded up $0.68 during mid-day trading on Friday, hitting $42.46. The company had a trading volume of 737,376 shares, compared to its average volume of 760,424. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 2.68. The company has a market capitalization of $4.75 billion, a price-to-earnings ratio of 12.75, a P/E/G ratio of 1.33 and a beta of 1.34. The company's fifty day moving average is $46.01 and its 200-day moving average is $46.72. Air Lease Co. has a 12-month low of $38.25 and a 12-month high of $52.31.

Air Lease (NYSE:AL - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The transportation company reported $1.26 EPS for the quarter, beating the consensus estimate of $0.82 by $0.44. Air Lease had a net margin of 15.65% and a return on equity of 8.01%. Equities research analysts predict that Air Lease Co. will post 5.16 EPS for the current year.

Air Lease Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Tuesday, March 18th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.88 dividend on an annualized basis and a yield of 2.07%. Air Lease's dividend payout ratio is currently 26.43%.

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.