4,468 Shares in Air Lease Corporation $AL Bought by Forum Financial Management LP

Forum Financial Management LP purchased a new position in Air Lease Corporation (NYSE:AL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,468 shares of the transportation company’s stock, valued at approximately $261,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Ethic Inc. increased its stake in shares of Air Lease by 18.1% in the 2nd quarter. Ethic Inc. now owns 47,149 shares of the transportation company’s stock valued at $2,768,000 after purchasing an additional 7,238 shares during the last quarter. Rehmann Capital Advisory Group increased its stake in shares of Air Lease by 16.5% in the 2nd quarter. Rehmann Capital Advisory Group now owns 6,448 shares of the transportation company’s stock valued at $377,000 after purchasing an additional 911 shares during the last quarter. Wilmington Savings Fund Society FSB increased its stake in shares of Air Lease by 11.1% in the 2nd quarter. Wilmington Savings Fund Society FSB now owns 18,043 shares of the transportation company’s stock valued at $1,055,000 after purchasing an additional 1,808 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of Air Lease by 60.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 28,371 shares of the transportation company’s stock valued at $1,659,000 after purchasing an additional 10,737 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Air Lease by 5.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 75,095 shares of the transportation company’s stock valued at $4,392,000 after purchasing an additional 3,812 shares during the last quarter. Institutional investors own 94.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AL shares. TD Cowen lowered Air Lease from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Barclays reiterated an “overweight” rating and issued a $67.00 price target (up previously from $56.00) on shares of Air Lease in a research note on Thursday, July 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Air Lease in a research note on Friday. Deutsche Bank Aktiengesellschaft lowered Air Lease from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a research note on Wednesday, September 3rd. Finally, Cowen lowered Air Lease from a “buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $60.29.

Air Lease Trading Down 0.1%

NYSE AL opened at $63.56 on Monday. The firm has a market capitalization of $7.10 billion, a PE ratio of 7.71, a price-to-earnings-growth ratio of 0.66 and a beta of 1.37. The business’s 50-day moving average price is $62.70 and its two-hundred day moving average price is $57.36. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 2.47. Air Lease Corporation has a 12 month low of $38.25 and a 12 month high of $64.30.

Air Lease (NYSE:AL) last issued its quarterly earnings results on Monday, August 4th. The transportation company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.07. The company had revenue of $731.70 million during the quarter, compared to analysts’ expectations of $723.35 million. Air Lease had a return on equity of 7.99% and a net margin of 34.04%.The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.23 earnings per share. On average, analysts expect that Air Lease Corporation will post 5.16 EPS for the current year.

Air Lease Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Wednesday, September 3rd were paid a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $0.88 annualized dividend and a dividend yield of 1.4%. Air Lease’s dividend payout ratio is presently 10.68%.

Insider Activity

In other news, EVP David Beker sold 5,000 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $63.53, for a total value of $317,650.00. Following the completion of the sale, the executive vice president owned 13,970 shares of the company’s stock, valued at approximately $887,514.10. This represents a 26.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Grant A. Levy sold 5,000 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $63.57, for a total value of $317,850.00. Following the completion of the sale, the executive vice president directly owned 141,316 shares of the company’s stock, valued at approximately $8,983,458.12. The trade was a 3.42% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 12,000 shares of company stock valued at $746,380. Insiders own 6.80% of the company’s stock.

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.