7,852 Shares in Air Lease Co. (NYSE:AL) Bought by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC bought a new position in Air Lease Co. (NYSE:AL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,852 shares of the transportation company’s stock, valued at approximately $379,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of Air Lease in the 4th quarter worth about $31,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Air Lease in the 3rd quarter worth about $31,000. Steward Partners Investment Advisory LLC increased its position in shares of Air Lease by 1,506.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,189 shares of the transportation company’s stock worth $57,000 after purchasing an additional 1,115 shares during the last quarter. Jones Financial Companies Lllp increased its position 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 purchasing an additional 1,305 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of Air Lease by 2,018.9% in the 4th quarter. Venturi Wealth Management LLC now owns 2,246 shares of the transportation company’s stock worth $108,000 after purchasing an additional 2,140 shares during the last quarter. Institutional investors own 94.59% of the company’s stock.

Air Lease Price Performance

Shares of NYSE:AL opened at $46.28 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 2.68. Air Lease Co. has a fifty-two week low of $39.43 and a fifty-two week high of $52.31. The firm has a 50-day simple moving average of $47.17 and a 200 day simple moving average of $46.63. The company has a market cap of $5.15 billion, a PE ratio of 13.90, a P/E/G ratio of 1.33 and a beta of 1.59.

Air Lease (NYSE:AL) last announced its quarterly earnings data on Thursday, February 13th. The transportation company reported $1.26 earnings per share for the quarter, beating 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%. On average, sell-side analysts anticipate that Air Lease Co. will post 5.16 EPS for the current year.

Air Lease Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Tuesday, March 18th. Air Lease’s payout ratio is 26.43%.

Analyst Ratings Changes

AL has been the subject of several research analyst reports. The Goldman Sachs Group reissued a “buy” rating and issued a $65.00 target price on shares of Air Lease in a research report on Thursday, November 21st. JPMorgan Chase & Co. boosted their target price on shares of Air Lease from $56.00 to $57.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Air Lease has an average rating of “Moderate Buy” and a consensus target price of $58.50.

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.