Skba Capital Management LLC Sells 6,500 Shares of Air Lease Co. (NYSE:AL)

Skba Capital Management LLC cut its stake in shares of Air Lease Co. (NYSE:AL) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 182,515 shares of the transportation company’s stock after selling 6,500 shares during the period. Skba Capital Management LLC owned 0.16% of Air Lease worth $8,799,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Air Lease during the third quarter worth approximately $31,000. SBI Securities Co. Ltd. bought a new stake in Air Lease in the 4th quarter valued at $31,000. Brown Brothers Harriman & Co. grew its holdings in Air Lease by 5,245.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,069 shares of the transportation company’s stock valued at $52,000 after buying an additional 1,049 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in 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 during the period. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Air Lease by 679.7% during the fourth 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 in the last quarter. 94.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. UBS Group set a $50.00 price target on shares of Air Lease in a research report on Friday, March 7th. Bank of America cut shares of Air Lease from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $72.00 to $50.00 in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. boosted their price target on Air Lease from $56.00 to $57.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Air Lease currently has an average rating of “Moderate Buy” and a consensus target price of $55.67.

Air Lease Stock Performance

Shares of Air Lease stock opened at $48.32 on Monday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 2.68. The company has a market cap of $5.40 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 1.33 and a beta of 1.60. The company has a 50 day moving average of $46.96 and a 200-day moving average of $46.90. Air Lease Co. has a 1-year low of $39.43 and a 1-year high of $52.31.

Air Lease (NYSE:AL) last issued its earnings results 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 return on equity of 8.01% and a net margin of 15.65%. As a group, equities research analysts forecast that Air Lease Co. will post 5.16 earnings per share for the current fiscal 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 paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.82%. Air Lease’s payout ratio is currently 26.43%.

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.