Air Lease Corp (AL) EVP Jie Chen Sells 4,000 Shares of Stock
Air Lease Corp (NYSE:AL) EVP Jie Chen sold 4,000 shares of Air Lease stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $47.96, for a total transaction of $191,840.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Jie Chen also recently made the following trade(s):
- On Wednesday, December 13th, Jie Chen sold 52,000 shares of Air Lease stock. The stock was sold at an average price of $45.00, for a total transaction of $2,340,000.00.
- On Friday, December 1st, Jie Chen sold 2,000 shares of Air Lease stock. The stock was sold at an average price of $43.30, for a total transaction of $86,600.00.
- 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 transaction of $87,640.00.
Air Lease Corp (AL) traded down $0.28 during midday trading on Thursday, reaching $47.92. 357,643 shares of the company’s stock were exchanged, compared to its average volume of 678,499. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $4,950.00, a PE ratio of 13.77, a PEG ratio of 1.26 and a beta of 1.81. Air Lease Corp has a 1 year low of $34.42 and a 1 year high of $48.96.
Air Lease (NYSE:AL) last posted its earnings results on Thursday, November 9th. The transportation company reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.03. The firm had revenue of $376.77 million during the quarter, compared to analysts’ expectations of $374.61 million. Air Lease had a net margin of 25.67% and a return on equity of 10.87%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.43 earnings per share. analysts expect that Air Lease Corp will post 3.45 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Thursday, December 14th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, December 13th. This is a boost from Air Lease’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 0.83%. Air Lease’s payout ratio is 11.49%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Zions Bancorporation acquired a new stake in Air Lease in the third quarter valued at approximately $114,000. Israel Discount Bank of New York lifted its stake in Air Lease by 7.7% in the second quarter. Israel Discount Bank of New York now owns 2,785 shares of the transportation company’s stock valued at $104,000 after acquiring an additional 200 shares during the last quarter. Fiduciary Trust Co. acquired a new stake in Air Lease in the second quarter valued at approximately $111,000. QS Investors LLC lifted its stake in shares of Air Lease by 0.6% in the second quarter. QS Investors LLC now owns 3,464 shares of the transportation company’s stock worth $129,000 after buying an additional 21 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Air Lease by 10.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,599 shares of the transportation company’s stock worth $134,000 after buying an additional 331 shares during the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.
AL has been the topic of a number of research analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $80.00 price objective on shares of Air Lease in a research report on Thursday, November 2nd. UBS Group boosted their price objective on shares of Air Lease from $30.00 to $31.00 and gave the company a “sell” rating in a research report on Friday, November 10th. Zacks Investment Research downgraded shares of Air Lease from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Citigroup initiated coverage on shares of Air Lease in a research report on Friday, December 8th. They set a “neutral” rating and a $46.00 price objective on the stock. Finally, ValuEngine downgraded shares of Air Lease from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. Air Lease has an average rating of “Hold” and an average price target of $48.50.
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About Air Lease
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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