Air Lease Corporation $AL Shares Sold by Swiss National Bank

Swiss National Bank lowered its stake in Air Lease Corporation (NYSE:AL) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 202,800 shares of the transportation company’s stock after selling 2,200 shares during the quarter. Swiss National Bank owned about 0.18% of Air Lease worth $11,862,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AL. KLP Kapitalforvaltning AS raised its holdings in Air Lease by 7.4% during the second quarter. KLP Kapitalforvaltning AS now owns 21,900 shares of the transportation company’s stock worth $1,285,000 after purchasing an additional 1,500 shares in the last quarter. LPL Financial LLC increased its position in shares of Air Lease by 11.3% during the 1st quarter. LPL Financial LLC now owns 45,244 shares of the transportation company’s stock valued at $2,186,000 after purchasing an additional 4,601 shares during the period. Hsbc Holdings PLC bought a new stake in shares of Air Lease in the 1st quarter worth $987,000. Entropy Technologies LP bought a new stake in shares of Air Lease in the 1st quarter worth $452,000. Finally, Royal Bank of Canada lifted its holdings in shares of Air Lease by 8.3% in the first quarter. Royal Bank of Canada now owns 353,072 shares of the transportation company’s stock valued at $17,057,000 after buying an additional 27,065 shares during the period. Institutional investors and hedge funds own 94.59% of the company’s stock.

Insiders Place Their Bets

In other Air Lease news, CFO Gregory B. Willis sold 23,481 shares of Air Lease stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $63.83, for a total transaction of $1,498,792.23. Following the transaction, the chief financial officer owned 56,408 shares of the company’s stock, valued at $3,600,522.64. The trade was a 29.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Kishore Korde sold 30,160 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $63.90, for a total value of $1,927,224.00. Following the completion of the transaction, the executive vice president owned 79,263 shares in the company, valued at $5,064,905.70. This represents a 27.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 174,635 shares of company stock worth $11,145,895. 6.64% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AL shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Air Lease in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft downgraded shares of Air Lease from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a report on Wednesday, September 3rd. Zacks Research lowered shares of Air Lease from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 5th. TD Cowen lowered shares of Air Lease from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Finally, Cowen cut Air Lease from a “buy” rating to a “hold” rating in a report on Wednesday, September 3rd. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $59.50.

Air Lease Stock Performance

Shares of AL opened at $63.86 on Friday. The company has a 50-day moving average of $63.68 and a two-hundred day moving average of $60.27. The stock has a market cap of $7.14 billion, a price-to-earnings ratio of 7.75, a PEG ratio of 0.66 and a beta of 1.36. The company has a debt-to-equity ratio of 2.47, a current ratio of 0.42 and a quick ratio of 0.42. Air Lease Corporation has a one year low of $38.25 and a one year high of $64.30.

Air Lease (NYSE:AL) last issued its quarterly earnings results on Monday, November 3rd. The transportation company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.16 by $0.13. Air Lease had a net margin of 34.04% and a return on equity of 7.99%. The business had revenue of $725.39 million during the quarter, compared to the consensus estimate of $744.59 million. During the same quarter in the prior year, the firm earned $0.82 EPS. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. On average, equities research analysts expect that Air Lease Corporation will post 5.16 earnings per share for the current year.

Air Lease Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 4th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, December 4th. Air Lease’s dividend payout ratio (DPR) is 10.20%.

Air Lease Company 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.