Air Lease (NYSE:AL) Director Steven Udvar-Hazy Sells 12,000 Shares of Stock

Air Lease Corporation (NYSE:AL) Director Steven Udvar-Hazy sold 12,000 shares of Air Lease stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $63.93, for a total value of $767,160.00. Following the completion of the sale, the director owned 15,550 shares of the company’s stock, valued at $994,111.50. This trade represents a 43.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Air Lease Trading Down 0.0%

Shares of AL stock opened at $63.85 on Friday. Air Lease Corporation has a 1-year low of $38.25 and a 1-year high of $64.30. The firm’s 50-day simple moving average is $63.64 and its 200-day simple moving average is $59.29. The firm has a market cap of $7.14 billion, a P/E ratio of 7.75, a PEG ratio of 0.66 and a beta of 1.36. The company has a debt-to-equity ratio of 2.47, a current ratio of 0.42 and a quick ratio of 0.42.

Air Lease (NYSE:AL) last issued its quarterly earnings results on Monday, November 3rd. The transportation company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.16 by $0.13. The firm had revenue of $725.39 million during the quarter, compared to analyst estimates of $744.59 million. Air Lease had a net margin of 34.04% and a return on equity of 7.99%. Air Lease’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.82 earnings per share. As a group, equities analysts forecast that Air Lease Corporation will post 5.16 EPS for the current year.

Air Lease Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Cowen downgraded Air Lease from a “buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. TD Cowen lowered Air Lease from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Zacks Research downgraded shares of Air Lease from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Air Lease in a research report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Air Lease from a “buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a research report on Wednesday, September 3rd. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $60.29.

Hedge Funds Weigh In On Air Lease

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in shares of Air Lease by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 6,592,510 shares of the transportation company’s stock worth $318,479,000 after purchasing an additional 31,274 shares in the last quarter. Wellington Management Group LLP increased its stake in Air Lease by 1.3% during the 1st quarter. Wellington Management Group LLP now owns 5,453,859 shares of the transportation company’s stock worth $263,476,000 after buying an additional 69,629 shares during the period. JPMorgan Chase & Co. increased its stake in Air Lease by 1.2% during the 1st quarter. JPMorgan Chase & Co. now owns 5,025,421 shares of the transportation company’s stock worth $242,778,000 after buying an additional 60,216 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Air Lease by 7.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,619,226 shares of the transportation company’s stock worth $211,797,000 after buying an additional 265,423 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Air Lease by 10.4% in the 1st quarter. American Century Companies Inc. now owns 3,563,297 shares of the transportation company’s stock valued at $172,143,000 after buying an additional 336,376 shares during the last quarter. 94.59% of the stock is owned by institutional investors and hedge funds.

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.