Jie Chen Sells 2,000 Shares of Air Lease Corporation (AL) Stock
Air Lease Corporation (NYSE:AL) EVP Jie Chen sold 2,000 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $43.30, for a total value of $86,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Jie Chen also recently made the following trade(s):
- On Wednesday, November 1st, Jie Chen sold 2,000 shares of Air Lease stock. The shares were sold at an average price of $43.82, for a total value of $87,640.00.
- On Monday, October 2nd, Jie Chen sold 4,000 shares of Air Lease stock. The shares were sold at an average price of $43.00, for a total value of $172,000.00.
Air Lease Corporation (NYSE AL) traded up $0.39 during trading on Friday, hitting $43.69. 784,905 shares of the stock were exchanged, compared to its average volume of 741,231. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.53. The stock has a market capitalization of $4,510.00, a price-to-earnings ratio of 12.22, a P/E/G ratio of 1.28 and a beta of 1.83. Air Lease Corporation has a one year low of $34.21 and a one year high of $45.15.
Air Lease (NYSE:AL) last posted its earnings results on Thursday, November 9th. The transportation company reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.03. The company had revenue of $376.77 million during the quarter, compared to analyst estimates of $374.61 million. Air Lease had a net margin of 25.67% and a return on equity of 10.87%. Air Lease’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.43 earnings per share. sell-side analysts anticipate that Air Lease Corporation will post 3.44 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Thursday, December 14th will be issued a dividend of $0.10 per share. This is a positive change from Air Lease’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Wednesday, December 13th. Air Lease’s dividend payout ratio is currently 8.62%.
Institutional investors have recently bought and sold shares of the company. Boston Partners lifted its holdings in Air Lease by 2.0% in the third quarter. Boston Partners now owns 8,664,181 shares of the transportation company’s stock worth $369,267,000 after buying an additional 169,454 shares during the period. Vanguard Group Inc. lifted its holdings in Air Lease by 1.3% in the second quarter. Vanguard Group Inc. now owns 7,550,212 shares of the transportation company’s stock worth $282,076,000 after buying an additional 95,981 shares during the period. Capital Research Global Investors lifted its holdings in Air Lease by 3.3% in the second quarter. Capital Research Global Investors now owns 4,208,000 shares of the transportation company’s stock worth $157,211,000 after buying an additional 136,000 shares during the period. Bamco Inc. NY lifted its holdings in Air Lease by 3.1% in the third quarter. Bamco Inc. NY now owns 2,369,082 shares of the transportation company’s stock worth $100,970,000 after buying an additional 70,200 shares during the period. Finally, Royce & Associates LP lifted its holdings in Air Lease by 0.3% in the third quarter. Royce & Associates LP now owns 1,382,300 shares of the transportation company’s stock worth $58,914,000 after buying an additional 4,500 shares during the period. Institutional investors own 91.87% of the company’s stock.
A number of research analysts recently commented on the company. Cowen increased their target price on Air Lease from $41.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Zacks Investment Research raised Air Lease from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Royal Bank Of Canada increased their target price on Air Lease from $79.00 to $80.00 and gave the company a “top pick” rating in a research note on Friday, September 29th. BidaskClub cut Air Lease from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Finally, Bank of America set a $47.00 price objective on Air Lease and gave the company a “hold” rating in a research note on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Air Lease presently has a consensus rating of “Buy” and a consensus price target of $48.78.
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Air Lease Company Profile
Air Lease Corporation is an aircraft leasing company. The Company is principally engaged in purchasing new commercial jet transport aircraft directly from aircraft manufacturers, such as The Boeing Company (Boeing) and Airbus SAS. (Airbus), and leasing those aircraft to airlines across the world. Along with its leasing activities, the Company sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies and airlines.
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