Parkside Investments LLC Decreases Holdings in Air Lease Co.

Parkside Investments LLC, an institutional investor, has reduced its holdings in Air Lease Co. by 3.0% in the second quarter, according to the company’s most recent filing with the SEC. The investor now owns 203,010 shares of the transportation company’s stock, making it the 27th largest holding for Parkside Investments. The value of the shares sold during the quarter was worth $8,496,000.

Other hedge funds have also made changes to their stakes in Air Lease. Belpointe Asset Management LLC bought a new stake in Air Lease in the first quarter worth $28,000. Neo Ivy Capital Management also bought a stake in the second quarter worth $31,000. Lazard Asset Management LLC and MetLife Investment Management LLC also bought new stakes in the first quarter, valued at $66,000 and $96,000 respectively. Tower Research Capital LLC increased its holdings in Air Lease by 19.0% in the third quarter.

As of now, 88.16% of Air Lease stock is owned by institutional investors.

Air Lease’s stock performance on NYSE AL has reached a highest price of $46.20 and a lowest price of $30.08 within the past year. The company has a market capitalization of $4.39 billion and a P/E ratio of 9.22.

In its recent quarterly earnings report, Air Lease reported earnings per share (EPS) of $1.10, beating analysts’ consensus estimates of $1.09. The company had a return on equity of 7.72% and a net margin of 20.91%. The reported revenue for the quarter was $672.90 million, compared to analysts’ expectations of $657.68 million.

Air Lease has recently announced a quarterly dividend, which will be paid on October 6th. The ex-dividend date for this dividend is September 11th, and the dividend will be $0.20 per share, resulting in an annualized dividend yield of 2.02%.

Several equity research analysts have commented on Air Lease, with Citigroup boosting its price objective on the company from $41.00 to $43.00 and giving it a “neutral” rating. Bank of America, on the other hand, has cut its target price on the stock from $65.00 to $60.00 and issued a “buy” rating.

Source: SEC filing,, CNBC