Air Lease (NYSE:AL) Director Steven Udvar-Hazy Sells 48,632 Shares

Air Lease Corporation (NYSE:AL) Director Steven Udvar-Hazy sold 48,632 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $64.18, for a total transaction of $3,121,201.76. Following the completion of the transaction, the director owned 14,050 shares in the company, valued at $901,729. The trade was a 77.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Air Lease Stock Down 0.0%

Shares of NYSE AL traded down $0.03 on Tuesday, hitting $64.22. The company had a trading volume of 1,144,588 shares, compared to its average volume of 2,194,240. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 2.42. Air Lease Corporation has a 12-month low of $38.25 and a 12-month high of $64.40. The firm has a market capitalization of $7.18 billion, a P/E ratio of 7.44 and a beta of 1.19. The business has a 50 day moving average of $63.80 and a two-hundred day moving average of $60.93.

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

Air Lease Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AL shares. Zacks Research lowered Air Lease from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft downgraded shares of Air Lease from a “buy” rating to a “hold” rating and set a $65.00 price target for the company. in a research report on Wednesday, September 3rd. TD Cowen cut shares of Air Lease from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. Cowen lowered shares of Air Lease from a “buy” rating to a “hold” rating in a report on Wednesday, September 3rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Air Lease in a research note on Wednesday, October 8th. 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. According to data from MarketBeat, Air Lease presently has an average rating of “Hold” and a consensus price target of $59.50.

Institutional Investors Weigh In On Air Lease

A number of institutional investors have recently modified their holdings of the business. Brooklyn Investment Group raised its stake in Air Lease by 152.4% during the first quarter. Brooklyn Investment Group now owns 588 shares of the transportation company’s stock worth $28,000 after acquiring an additional 355 shares during the period. True Wealth Design LLC boosted its stake in Air Lease by 2,980.0% in the third quarter. True Wealth Design LLC now owns 462 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 447 shares during the period. Mather Group LLC. bought a new position in shares of Air Lease during the third quarter valued at approximately $29,000. First Horizon Corp acquired a new stake in shares of Air Lease during the 3rd quarter worth approximately $31,000. Finally, Parkside Financial Bank & Trust raised its position in shares of Air Lease by 273.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 556 shares of the transportation company’s stock worth $33,000 after purchasing an additional 407 shares during the period. Institutional investors own 94.59% of the company’s stock.

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.