Air Lease (NYSE:AL) EVP Sells $64,300.00 in Stock

Air Lease Corporation (NYSE:AL) EVP Grant Levy sold 1,000 shares of Air Lease stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $64.30, for a total value of $64,300.00. Following the transaction, the executive vice president owned 137,206 shares of the company’s stock, valued at $8,822,345.80. This represents a 0.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Air Lease Trading Up 0.0%

Shares of Air Lease stock opened at $64.13 on Friday. The company has a debt-to-equity ratio of 2.42, a current ratio of 0.43 and a quick ratio of 0.43. The business has a fifty day simple moving average of $63.82 and a two-hundred day simple moving average of $60.97. Air Lease Corporation has a 1 year low of $38.25 and a 1 year high of $64.40. The company has a market capitalization of $7.17 billion, a price-to-earnings ratio of 7.43 and a beta of 1.19.

Air Lease (NYSE:AL) last released its quarterly earnings data on Monday, November 3rd. The transportation company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.16 by $0.13. The firm had revenue of $725.39 million for the quarter, compared to the consensus estimate of $744.59 million. Air Lease had a net margin of 35.08% and a return on equity of 7.84%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 earnings per share. Research analysts forecast that Air Lease Corporation will post 5.16 EPS for the current year.

Air Lease Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. AIA Group Ltd boosted its holdings in shares of Air Lease by 60.7% in the 3rd quarter. AIA Group Ltd now owns 60,282 shares of the transportation company’s stock valued at $3,837,000 after purchasing an additional 22,775 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Air Lease during the 3rd quarter worth $840,000. Hudson Bay Capital Management LP bought a new stake in shares of Air Lease during the 3rd quarter worth $1,284,000. Allworth Financial LP boosted its stake in Air Lease by 371.6% in the third quarter. Allworth Financial LP now owns 2,226 shares of the transportation company’s stock valued at $142,000 after buying an additional 1,754 shares in the last quarter. Finally, IFP Advisors Inc bought a new position in Air Lease in the third quarter valued at about $38,000. 94.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.