Reinhart Partners LLC. Has $58.81 Million Stock Position in Air Lease Co. (NYSE:AL)

Reinhart Partners LLC. grew its stake in Air Lease Co. (NYSE:AL) by 11.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,402,282 shares of the transportation company’s stock after buying an additional 144,042 shares during the period. Air Lease makes up about 2.6% of Reinhart Partners LLC.’s holdings, making the stock its 11th biggest holding. Reinhart Partners LLC.’s holdings in Air Lease were worth $58,812,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Air Lease by 13.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 25,289 shares of the transportation company’s stock valued at $1,061,000 after purchasing an additional 2,930 shares during the period. Raymond James & Associates raised its stake in Air Lease by 16.1% during the 4th quarter. Raymond James & Associates now owns 421,336 shares of the transportation company’s stock worth $17,671,000 after buying an additional 58,393 shares during the period. Handelsinvest Investeringsforvaltning acquired a new stake in Air Lease during the 4th quarter worth $319,000. Richard P Slaughter Associates Inc raised its stake in Air Lease by 4.7% during the 4th quarter. Richard P Slaughter Associates Inc now owns 56,982 shares of the transportation company’s stock worth $2,390,000 after buying an additional 2,539 shares during the period. Finally, Hudson Bay Capital Management LP acquired a new stake in Air Lease during the 3rd quarter worth $2,366,000. Institutional investors and hedge funds own 94.59% of the company’s stock.

Insider Activity

In other news, CEO John L. Plueger sold 19,095 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $40.27, for a total value of $768,955.65. Following the completion of the transaction, the chief executive officer now owns 859,153 shares in the company, valued at approximately $34,598,091.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Carol Hyland Forsyte sold 3,046 shares of Air Lease stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $40.02, for a total transaction of $121,900.92. Following the completion of the transaction, the executive vice president now owns 72,073 shares in the company, valued at $2,884,361.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John L. Plueger sold 19,095 shares of Air Lease stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $40.27, for a total value of $768,955.65. Following the transaction, the chief executive officer now owns 859,153 shares of the company’s stock, valued at approximately $34,598,091.31. The disclosure for this sale can be found here. Insiders sold 89,646 shares of company stock worth $3,705,152 in the last quarter. Corporate insiders own 6.64% of the company’s stock.

Air Lease Price Performance

AL stock opened at $49.55 on Tuesday. The stock has a 50-day moving average price of $42.69 and a two-hundred day moving average price of $39.99. The stock has a market cap of $5.52 billion, a PE ratio of 9.53, a price-to-earnings-growth ratio of 0.73 and a beta of 1.62. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 2.68. Air Lease Co. has a 1 year low of $33.33 and a 1 year high of $49.66.

Air Lease (NYSE:AL) last released its earnings results on Thursday, February 15th. The transportation company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.79. The firm had revenue of $716.57 million during the quarter, compared to analysts’ expectations of $672.95 million. Air Lease had a return on equity of 8.87% and a net margin of 22.89%. The company’s revenue was up 19.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.21 EPS. Equities analysts forecast that Air Lease Co. will post 5.64 EPS for the current fiscal year.

Air Lease Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Friday, March 15th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Thursday, March 14th. Air Lease’s dividend payout ratio (DPR) is presently 16.31%.

Analyst Ratings Changes

AL has been the topic of several research analyst reports. Barclays raised their price objective on Air Lease from $46.00 to $48.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. BMO Capital Markets raised their price objective on Air Lease from $54.00 to $55.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. Finally, StockNews.com raised Air Lease from a “hold” rating to a “buy” rating in a research note on Thursday, March 21st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $51.50.

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.