Air Lease Co. (NYSE:AL) is Villanova Investment Management Co LLC’s 2nd Largest Position

Villanova Investment Management Co LLC boosted its position in Air Lease Co. (NYSE:AL) by 10.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 103,576 shares of the transportation company’s stock after purchasing an additional 10,154 shares during the period. Air Lease comprises 4.4% of Villanova Investment Management Co LLC’s portfolio, making the stock its 2nd biggest holding. Villanova Investment Management Co LLC owned about 0.09% of Air Lease worth $4,993,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Wellington Management Group LLP increased its stake in shares of Air Lease by 7.2% in the 4th quarter. Wellington Management Group LLP now owns 5,384,230 shares of the transportation company’s stock worth $259,574,000 after purchasing an additional 362,585 shares in the last quarter. State Street Corp grew its holdings in Air Lease by 0.8% during the third quarter. State Street Corp now owns 3,410,373 shares of the transportation company’s stock valued at $155,180,000 after purchasing an additional 25,874 shares during the period. American Century Companies Inc. increased its position in Air Lease by 13.7% in the fourth quarter. American Century Companies Inc. now owns 3,226,921 shares of the transportation company’s stock worth $155,570,000 after buying an additional 389,070 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Air Lease by 43.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,800,723 shares of the transportation company’s stock worth $134,332,000 after buying an additional 842,780 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Air Lease by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,630,317 shares of the transportation company’s stock valued at $73,858,000 after buying an additional 6,190 shares in the last quarter. 94.59% of the stock is currently owned by institutional investors.

Air Lease Trading Up 0.3 %

Air Lease stock opened at $48.36 on Tuesday. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.37 and a quick ratio of 0.37. The firm’s 50 day moving average price is $46.99 and its 200-day moving average price is $46.94. Air Lease Co. has a 1 year low of $39.43 and a 1 year high of $52.31. The stock has a market cap of $5.40 billion, a P/E ratio of 14.52, a PEG ratio of 1.33 and a beta of 1.60.

Air Lease (NYSE:AL) last announced its quarterly earnings results on Thursday, February 13th. The transportation company reported $1.26 EPS for the quarter, topping 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%. On average, equities analysts predict that Air Lease Co. will post 5.16 earnings per share for the current fiscal year.

Air Lease Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Investors 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 1.82%. The ex-dividend date is Tuesday, March 18th. Air Lease’s payout ratio is presently 26.43%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AL shares. UBS Group set a $50.00 target price on shares of Air Lease in a report on Friday, March 7th. Bank of America downgraded shares of Air Lease from a “buy” rating to an “underperform” rating and decreased their price objective for the company from $72.00 to $50.00 in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. lifted their target price on shares of 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 given a buy rating to the company. Based on data from MarketBeat, Air Lease has an average rating of “Moderate Buy” and a consensus price target of $55.67.

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.