Air Lease Corp (NYSE:AL) Director Jie Chen sold 4,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $48.81, for a total value of $195,240.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Jie Chen also recently made the following trade(s):

  • On Tuesday, January 2nd, Jie Chen sold 4,000 shares of Air Lease stock. The shares were sold at an average price of $47.96, for a total value of $191,840.00.
  • On Wednesday, December 13th, Jie Chen sold 52,000 shares of Air Lease stock. The shares were sold at an average price of $45.00, for a total value of $2,340,000.00.
  • On Friday, December 1st, Jie Chen sold 2,000 shares of Air Lease stock. The shares were sold at an average price of $43.30, for a total value of $86,600.00.

Air Lease Corp (NYSE AL) traded down $1.83 during trading on Friday, reaching $47.08. The company’s stock had a trading volume of 687,419 shares, compared to its average volume of 612,972. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $4,860.00, a PE ratio of 13.53, a price-to-earnings-growth ratio of 0.79 and a beta of 1.70. Air Lease Corp has a 12-month low of $34.42 and a 12-month high of $50.70.

Air Lease (NYSE:AL) last posted its quarterly earnings results on Thursday, November 9th. The transportation company reported $0.90 EPS for the quarter, beating the 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 return on equity of 10.87% and a net margin of 25.67%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.43 EPS. sell-side analysts expect that Air Lease Corp will post 3.46 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Thursday, December 14th were issued a $0.10 dividend. This is a boost from Air Lease’s previous quarterly dividend of $0.08. The ex-dividend date was Wednesday, December 13th. This represents a $0.40 annualized dividend and a yield of 0.85%. Air Lease’s dividend payout ratio is 11.49%.

Several institutional investors and hedge funds have recently modified their holdings of AL. Boston Partners raised its holdings in shares of Air Lease by 2.0% in the 3rd 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 in the last quarter. Northern Trust Corp raised its holdings in shares of Air Lease by 15.8% in the 2nd quarter. Northern Trust Corp now owns 1,118,964 shares of the transportation company’s stock worth $41,804,000 after buying an additional 152,984 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Air Lease by 3.3% in the 2nd 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 in the last quarter. Vanguard Group Inc. raised its holdings in shares of Air Lease by 1.3% in the 2nd 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 in the last quarter. Finally, Stevens Capital Management LP acquired a new position in shares of Air Lease in the 3rd quarter worth approximately $3,462,000. 91.86% of the stock is owned by institutional investors and hedge funds.

AL has been the subject of several recent analyst reports. Bank of America set a $47.00 target price on Air Lease and gave the company a “hold” rating in a research note on Thursday, October 19th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $80.00 price target on shares of Air Lease in a report on Thursday, November 2nd. Zacks Investment Research cut Air Lease from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Cowen upped their price target on Air Lease from $45.00 to $54.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Finally, UBS Group upped their price target on Air Lease from $30.00 to $31.00 and gave the company a “sell” rating in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Air Lease presently has an average rating of “Hold” and an average target price of $49.40.

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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.

Insider Buying and Selling by Quarter for Air Lease (NYSE:AL)

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