Air Lease Co. (NYSE:AL) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC lessened its holdings in shares of Air Lease Co. (NYSE:AL) by 21.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 342,784 shares of the transportation company’s stock after selling 93,096 shares during the period. Brandywine Global Investment Management LLC owned 0.31% of Air Lease worth $16,526,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp raised its stake in Air Lease by 0.8% during the 3rd quarter. State Street Corp now owns 3,410,373 shares of the transportation company’s stock worth $155,180,000 after acquiring an additional 25,874 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Air Lease by 13.7% in the 4th quarter. American Century Companies Inc. now owns 3,226,921 shares of the transportation company’s stock valued at $155,570,000 after purchasing an additional 389,070 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Air Lease by 43.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,800,723 shares of the transportation company’s stock valued at $134,332,000 after purchasing an additional 842,780 shares during the period. Geode Capital Management LLC grew its stake in 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 worth $73,858,000 after buying an additional 6,190 shares during the last quarter. Finally, Reinhart Partners LLC. increased its position in Air Lease by 2.7% during the fourth quarter. Reinhart Partners LLC. now owns 1,585,790 shares of the transportation company’s stock worth $76,451,000 after buying an additional 42,034 shares during the period. Hedge funds and other institutional investors own 94.59% of the company’s stock.

Air Lease Price Performance

AL stock opened at $48.32 on Monday. Air Lease Co. has a 1 year low of $39.43 and a 1 year high of $52.31. The firm has a market cap of $5.40 billion, a P/E ratio of 14.51, a PEG ratio of 1.33 and a beta of 1.60. The stock’s 50 day moving average price is $46.96 and its 200 day moving average price is $46.90. 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 data on Thursday, February 13th. The transportation company reported $1.26 EPS for the quarter, topping 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%. On average, sell-side analysts expect that Air Lease Co. will post 5.16 earnings per share for the current fiscal year.

Air Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Stockholders 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 dividend yield of 1.82%. Air Lease’s payout ratio is currently 26.43%.

Wall Street Analyst Weigh In

AL has been the subject of several research reports. Bank of America downgraded shares of Air Lease from a “buy” rating to an “underperform” rating and reduced their price target for the company from $72.00 to $50.00 in a research report on Friday, March 7th. JPMorgan Chase & Co. lifted their target price on Air Lease from $56.00 to $57.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Finally, UBS Group set a $50.00 price target on Air Lease in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Air Lease presently has an average rating of “Moderate Buy” and an average price target of $55.67.

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.