Air Lease Co. (NYSE:AL) Shares Bought by Reinhart Partners LLC.

Reinhart Partners LLC. increased its stake in shares of Air Lease Co. (NYSE:AL) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,585,790 shares of the transportation company’s stock after purchasing an additional 42,034 shares during the period. Air Lease accounts for about 2.9% of Reinhart Partners LLC.’s holdings, making the stock its 7th biggest position. Reinhart Partners LLC. owned about 1.42% of Air Lease worth $76,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the business. Eastern Bank purchased a new stake in shares of Air Lease during the 3rd quarter valued at $27,000. Altshuler Shaham Ltd purchased a new stake in shares of Air Lease during the 2nd quarter valued at $29,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Air Lease during the 3rd quarter valued at $31,000. GAMMA Investing LLC grew its stake in shares of Air Lease by 55.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,868 shares of the transportation company’s stock valued at $85,000 after buying an additional 667 shares during the period. Finally, KBC Group NV grew its stake in shares of Air Lease by 20.0% during the 3rd quarter. KBC Group NV now owns 3,345 shares of the transportation company’s stock valued at $151,000 after buying an additional 557 shares during the period. 94.59% of the stock is currently owned by institutional investors and hedge funds.

Air Lease Stock Down 0.3 %

Shares of Air Lease stock traded down $0.12 during trading on Monday, reaching $44.91. The company had a trading volume of 319,959 shares, compared to its average volume of 629,165. The company has a market cap of $5.00 billion, a price-to-earnings ratio of 10.23, a price-to-earnings-growth ratio of 1.55 and a beta of 1.61. Air Lease Co. has a fifty-two week low of $39.15 and a fifty-two week high of $52.31. The firm’s fifty day moving average is $48.81 and its 200-day moving average is $46.52. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.43 and a current ratio of 0.43.

Air Lease Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, December 12th were paid a dividend of $0.22 per share. This is a positive change from Air Lease’s previous quarterly dividend of $0.21. The ex-dividend date was Thursday, December 12th. This represents a $0.88 annualized dividend and a yield of 1.96%. Air Lease’s dividend payout ratio is 20.05%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on AL shares. The Goldman Sachs Group reissued a “buy” rating and set a $65.00 price objective on shares of Air Lease in a research note on Thursday, November 21st. JPMorgan Chase & Co. upped their price target on shares of Air Lease from $52.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $57.60.

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.