Parkside Investments LLC Has $9.36 Million Position in Air Lease Co. (NYSE:AL)

Parkside Investments LLC trimmed its position in Air Lease Co. (NYSE:AL) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,228 shares of the transportation company’s stock after selling 880 shares during the quarter. Parkside Investments LLC owned 0.17% of Air Lease worth $9,364,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Eastern Bank acquired a new position in Air Lease in the 3rd quarter valued at $27,000. Wilmington Savings Fund Society FSB acquired a new position in Air Lease in the third quarter valued at about $31,000. GAMMA Investing LLC lifted its position in Air Lease by 55.5% during the third quarter. GAMMA Investing LLC now owns 1,868 shares of the transportation company’s stock worth $85,000 after purchasing an additional 667 shares during the period. KBC Group NV grew its stake in Air Lease by 20.0% during the third quarter. KBC Group NV now owns 3,345 shares of the transportation company’s stock worth $151,000 after buying an additional 557 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Air Lease by 12.6% during the third quarter. BNP Paribas Financial Markets now owns 3,468 shares of the transportation company’s stock worth $157,000 after buying an additional 389 shares in the last quarter. Institutional investors own 94.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AL. 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 report on Tuesday, November 12th. The Goldman Sachs Group restated a “buy” rating and set a $65.00 target price on shares of Air Lease in a research note on Thursday, November 21st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $57.60.

Air Lease Trading Down 0.8 %

AL opened at $46.95 on Monday. The company’s 50 day moving average is $48.64 and its 200-day moving average is $46.48. The company has a market cap of $5.23 billion, a P/E ratio of 10.69, a PEG ratio of 1.02 and a beta of 1.61. Air Lease Co. has a 1-year low of $39.35 and a 1-year high of $52.31. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 2.63.

Air Lease Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend was Thursday, December 12th. This is a boost from Air Lease’s previous quarterly dividend of $0.21. Air Lease’s payout ratio is presently 20.05%.

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.