35,000 Shares in Air Lease Co. (NYSE:AL) Acquired by Repertoire Partners LP

Repertoire Partners LP purchased a new position in shares of Air Lease Co. (NYSE:AL) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 35,000 shares of the transportation company’s stock, valued at approximately $1,585,000. Air Lease comprises approximately 1.8% of Repertoire Partners LP’s portfolio, making the stock its 10th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Eastern Bank bought a new stake in shares of Air Lease in the 3rd quarter worth approximately $27,000. Altshuler Shaham Ltd bought a new stake in shares of Air Lease in the 2nd quarter worth approximately $29,000. GAMMA Investing LLC grew its position in shares of Air Lease by 108.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,201 shares of the transportation company’s stock worth $57,000 after buying an additional 624 shares during the last quarter. Monetary Management Group Inc. bought a new stake in shares of Air Lease in the 2nd quarter worth approximately $95,000. Finally, CWM LLC grew its position in shares of Air Lease by 16.5% in the 2nd quarter. CWM LLC now owns 3,111 shares of the transportation company’s stock worth $148,000 after buying an additional 440 shares during the last quarter. 94.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AL has been the topic of a number of recent analyst reports. The Goldman Sachs Group reiterated a “buy” rating and issued a $65.00 price objective on shares of Air Lease in a research report on Thursday, November 21st. JPMorgan Chase & Co. lifted their price objective on 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, Air Lease has a consensus rating of “Moderate Buy” and a consensus price target of $57.60.

Air Lease Trading Up 1.8 %

NYSE AL opened at $51.36 on Thursday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 2.63. Air Lease Co. has a twelve month low of $38.40 and a twelve month high of $52.31. The firm has a market capitalization of $5.72 billion, a PE ratio of 11.70, a P/E/G ratio of 1.57 and a beta of 1.61. The stock’s 50 day moving average is $46.45 and its 200 day moving average is $46.21.

Air Lease Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, December 12th. This is a positive change from Air Lease’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 1.71%. Air Lease’s payout ratio is currently 19.13%.

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.