Oppenheimer Asset Management Inc. Has $2.86 Million Position in Air Lease Co. (NYSE:AL)

Oppenheimer Asset Management Inc. boosted its holdings in Air Lease Co. (NYSE:AL) by 10.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 59,410 shares of the transportation company’s stock after acquiring an additional 5,785 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Air Lease were worth $2,864,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in Air Lease in the third quarter valued at approximately $31,000. Venturi Wealth Management LLC lifted its holdings in Air Lease by 2,018.9% in the fourth quarter. Venturi Wealth Management LLC now owns 2,246 shares of the transportation company’s stock valued at $108,000 after buying an additional 2,140 shares during the period. GAMMA Investing LLC lifted its holdings in Air Lease by 23.6% in the fourth quarter. GAMMA Investing LLC now owns 2,309 shares of the transportation company’s stock valued at $111,000 after buying an additional 441 shares during the period. Principal Securities Inc. lifted its holdings in Air Lease by 11.6% in the fourth quarter. Principal Securities Inc. now owns 2,655 shares of the transportation company’s stock valued at $128,000 after buying an additional 276 shares during the period. Finally, KBC Group NV lifted its holdings in Air Lease by 20.0% in the third 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 Up 1.0 %

Shares of NYSE:AL opened at $47.97 on Monday. Air Lease Co. has a 52 week low of $39.40 and a 52 week high of $52.31. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.37 and a current ratio of 0.37. The company has a market capitalization of $5.34 billion, a PE ratio of 14.41, a PEG ratio of 1.33 and a beta of 1.59. The company has a 50 day moving average price of $47.35 and a two-hundred day moving average price of $46.62.

Air Lease (NYSE:AL) last issued its earnings results on Thursday, February 13th. The transportation company reported $1.26 EPS for the quarter, beating 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%. Analysts forecast that Air Lease Co. will post 5.16 earnings per share for the current 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 given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Tuesday, March 18th. Air Lease’s dividend payout ratio is 26.43%.

Analyst Upgrades and Downgrades

AL has been the topic of several analyst reports. The Goldman Sachs Group restated a “buy” rating and issued a $65.00 price objective on shares of Air Lease in a report on Thursday, November 21st. JPMorgan Chase & Co. upped 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 hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $58.50.

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.