Proficio Capital Partners LLC Purchases Shares of 12,294 Air Lease Co. (NYSE:AL)

Proficio Capital Partners LLC bought a new stake in Air Lease Co. (NYSE:AL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 12,294 shares of the transportation company's stock, valued at approximately $593,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its holdings in shares of Air Lease by 43.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,800,723 shares of the transportation company's stock worth $134,332,000 after acquiring an additional 842,780 shares in the last quarter. Loomis Sayles & Co. L P acquired a new position in shares of Air Lease in the third quarter valued at approximately $18,289,000. Bank of New York Mellon Corp increased its position in shares of Air Lease by 14.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,022,459 shares of the transportation company's stock worth $49,293,000 after acquiring an additional 131,453 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Air Lease by 9.2% during the third quarter. Principal Financial Group Inc. now owns 830,047 shares of the transportation company's stock worth $37,591,000 after acquiring an additional 69,887 shares during the period. Finally, Zweig DiMenna Associates LLC lifted its position in Air Lease by 230.0% in the 4th quarter. Zweig DiMenna Associates LLC now owns 66,000 shares of the transportation company's stock valued at $3,182,000 after acquiring an additional 46,000 shares in the last quarter. Institutional investors own 94.59% of the company's stock.

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Air Lease Stock Performance

AL traded down $0.30 on Tuesday, reaching $49.20. The company had a trading volume of 201,883 shares, compared to its average volume of 737,711. Air Lease Co. has a fifty-two week low of $39.43 and a fifty-two week high of $52.31. The stock has a market cap of $5.50 billion, a P/E ratio of 14.77, a P/E/G ratio of 1.33 and a beta of 1.60. The company's fifty day moving average is $46.77 and its 200 day moving average is $46.72. 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 (NYSE:AL - Get Free Report) last announced its 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%. As a group, 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. Stockholders 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 1.79%. Air Lease's payout ratio is 26.43%.

Analyst Ratings Changes

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

Air Lease Company 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.