35,000 Shares in Air Lease Co. (NYSE:AL) Purchased by Repertoire Partners LP

Repertoire Partners LP bought a new stake in shares of Air Lease Co. (NYSE:AL - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 35,000 shares of the transportation company's stock, valued at approximately $1,585,000. Air Lease makes up approximately 1.8% of Repertoire Partners LP's holdings, making the stock its 10th largest holding.

Several other hedge funds also recently added to or reduced their stakes in AL. Eastern Bank purchased a new stake in Air Lease during the 3rd quarter valued at about $27,000. Altshuler Shaham Ltd purchased a new stake in Air Lease during the 2nd quarter valued at about $29,000. GAMMA Investing LLC grew its stake in Air Lease by 108.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,201 shares of the transportation company's stock valued at $57,000 after purchasing an additional 624 shares during the last quarter. Monetary Management Group Inc. purchased a new stake in Air Lease during the 2nd quarter valued at about $95,000. Finally, CWM LLC grew its stake in Air Lease by 16.5% during the 2nd quarter. CWM LLC now owns 3,111 shares of the transportation company's stock valued at $148,000 after purchasing an additional 440 shares during the last quarter. 94.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on AL shares. JPMorgan Chase & Co. boosted their price target on Air Lease from $52.00 to $56.00 and gave the company an "overweight" rating in a research note on Tuesday, November 12th. The Goldman Sachs Group restated a "buy" rating and issued a $65.00 target price on shares of Air Lease in a research note on Thursday, November 21st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $57.60.

Air Lease Stock Performance

Shares of AL traded down $0.77 during mid-day trading on Thursday, reaching $50.60. The company had a trading volume of 494,954 shares, compared to its average volume of 944,190. Air Lease Co. has a 52-week low of $38.79 and a 52-week high of $52.31. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 2.63. The stock has a market capitalization of $5.64 billion, a P/E ratio of 11.53, a PEG ratio of 1.56 and a beta of 1.61. The stock has a 50 day moving average of $46.56 and a two-hundred day moving average of $46.24.

Air Lease Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be issued a $0.22 dividend. This is a boost from Air Lease's previous quarterly dividend of $0.21. The ex-dividend date is Thursday, December 12th. This represents a $0.88 dividend on an annualized basis and a yield of 1.74%. Air Lease's dividend payout ratio is presently 19.13%.

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.