Air Lease Co. (NYSE:AL) Shares Purchased by Venturi Wealth Management LLC

Venturi Wealth Management LLC increased its position in shares of Air Lease Co. (NYSE:AL) by 2,018.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,246 shares of the transportation company’s stock after acquiring an additional 2,140 shares during the quarter. Venturi Wealth Management LLC’s holdings in Air Lease were worth $108,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Eastern Bank purchased a new position in shares of Air Lease during the 3rd quarter worth $27,000. Wilmington Savings Fund Society FSB acquired a new position in Air Lease in the third quarter valued at about $31,000. GAMMA Investing LLC boosted its stake in Air Lease by 23.6% during the fourth quarter. GAMMA Investing LLC now owns 2,309 shares of the transportation company’s stock worth $111,000 after buying an additional 441 shares during the period. Principal Securities Inc. increased its position in shares of Air Lease by 11.6% during the fourth quarter. Principal Securities Inc. now owns 2,655 shares of the transportation company’s stock valued at $128,000 after acquiring an additional 276 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of Air Lease by 20.0% in the 3rd quarter. KBC Group NV now owns 3,345 shares of the transportation company’s stock valued at $151,000 after acquiring an additional 557 shares during the period. 94.59% of the stock is owned by hedge funds and other institutional investors.

Air Lease Trading Down 5.9 %

NYSE AL opened at $47.65 on Monday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 1.18 and a beta of 1.59. The firm has a 50 day simple moving average of $47.42 and a 200-day simple moving average of $46.46. Air Lease Co. has a one year low of $39.39 and a one year high of $52.31.

Air Lease (NYSE:AL) last issued 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 anticipate that Air Lease Co. will post 6.17 EPS for the current fiscal year.

Air Lease Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.22 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.88 annualized dividend and a yield of 1.85%. Air Lease’s dividend payout ratio (DPR) is 26.43%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $65.00 price objective on shares of Air Lease in a research report on Thursday, November 21st. JPMorgan Chase & Co. raised their price target on Air Lease from $56.00 to $57.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $58.50.

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.