EntryPoint Capital LLC Purchases New Position in Air Lease Co. (NYSE:AL)

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

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Air Lease in the third quarter valued at about $31,000. SBI Securities Co. Ltd. purchased a new stake in Air Lease in the 4th quarter valued at about $31,000. Steward Partners Investment Advisory LLC lifted its position in shares of Air Lease by 1,506.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,189 shares of the transportation company’s stock worth $57,000 after buying an additional 1,115 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Air Lease by 679.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,497 shares of the transportation company’s stock worth $72,000 after buying an additional 1,305 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in shares of Air Lease by 2,018.9% in the fourth quarter. Venturi Wealth Management LLC now owns 2,246 shares of the transportation company’s stock valued at $108,000 after acquiring an additional 2,140 shares in the last quarter. 94.59% of the stock is owned by institutional investors.

Air Lease Stock Down 1.0 %

AL stock opened at $48.99 on Wednesday. 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 fifty day moving average of $46.83 and a 200-day moving average of $46.76. The company has a market capitalization of $5.48 billion, a price-to-earnings ratio of 14.71, a PEG ratio of 1.33 and a beta of 1.60. 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) last posted its quarterly earnings results on Thursday, February 13th. The transportation company reported $1.26 earnings per share (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%. As a group, equities research analysts predict that Air Lease Co. will post 5.16 earnings per share for the current year.

Air Lease Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Tuesday, March 18th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Tuesday, March 18th. Air Lease’s payout ratio is currently 26.43%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. UBS Group set a $50.00 price objective on Air Lease in a research report on Friday, March 7th. Bank of America downgraded shares of Air Lease from a “buy” rating to an “underperform” rating and cut their price target for the stock from $72.00 to $50.00 in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. raised their price objective 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 analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Air Lease presently has an average rating of “Moderate Buy” and an average price target of $55.67.

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.