Proficio Capital Partners LLC Invests $593,000 in Air Lease Co. (NYSE:AL)

Proficio Capital Partners LLC acquired a new stake in Air Lease Co. (NYSE:AL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,294 shares of the transportation company's stock, valued at approximately $593,000.

Several other large investors have also made changes to their positions in the business. QRG Capital Management Inc. lifted its holdings in Air Lease by 18.6% in the 3rd quarter. QRG Capital Management Inc. now owns 7,979 shares of the transportation company's stock worth $361,000 after purchasing an additional 1,253 shares in the last quarter. Principal Financial Group Inc. boosted its position 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 last quarter. State of New Jersey Common Pension Fund D increased its holdings in Air Lease by 4.2% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 43,206 shares of the transportation company's stock valued at $1,957,000 after acquiring an additional 1,734 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Air Lease by 0.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 53,625 shares of the transportation company's stock worth $2,429,000 after purchasing an additional 314 shares in the last quarter. Finally, KBC Group NV boosted its holdings in shares of Air Lease by 20.0% during the 3rd quarter. KBC Group NV now owns 3,345 shares of the transportation company's stock valued at $151,000 after purchasing an additional 557 shares during the last quarter. 94.59% of the stock is currently owned by hedge funds and other institutional investors.

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Air Lease Trading Up 0.4 %

Shares of NYSE:AL traded up $0.16 during trading on Thursday, hitting $44.48. The company had a trading volume of 486,592 shares, compared to its average volume of 696,420. Air Lease Co. has a one year low of $39.43 and a one year high of $52.31. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 1.33 and a beta of 1.60. The company has a fifty day simple moving average of $46.78 and a two-hundred day simple moving average of $46.61. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.37 and a quick ratio of 0.37.

Air Lease (NYSE:AL - Get Free Report) last announced 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 return on equity of 8.01% and a net margin of 15.65%. As a group, equities analysts forecast that Air Lease Co. will post 5.16 earnings per share for the current year.

Air Lease Dividend Announcement

The firm also recently declared 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. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Tuesday, March 18th. Air Lease's payout ratio is presently 26.43%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Air Lease from $56.00 to $57.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. UBS Group set a $50.00 price objective on Air Lease in a research note on Friday, March 7th. Bank of America cut Air Lease from a "buy" rating to an "underperform" rating and decreased their price objective for the stock from $72.00 to $50.00 in a report on Friday, March 7th. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $65.00 price target on shares of Air Lease in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Air Lease currently has a consensus rating of "Moderate Buy" and an average 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.