Air Lease (NYSE:AL) Director Steven Udvar-Hazy Sells 3,000 Shares

Air Lease Corporation (NYSE:AL) Director Steven Udvar-Hazy sold 3,000 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $63.76, for a total value of $191,280.00. Following the transaction, the director owned 1,197,558 shares of the company’s stock, valued at $76,356,298.08. The trade was a 0.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Air Lease Trading Down 0.1%

Shares of AL stock traded down $0.07 on Thursday, reaching $63.74. The company had a trading volume of 7,896,835 shares, compared to its average volume of 1,320,067. The stock has a market cap of $7.12 billion, a PE ratio of 7.73, a PEG ratio of 0.66 and a beta of 1.36. The company has a 50-day moving average of $63.65 and a 200-day moving average of $59.87. 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 data on Monday, November 3rd. The transportation company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.13. Air Lease had a net margin of 34.04% and a return on equity of 7.99%. The firm had revenue of $725.39 million during the quarter, compared to analysts’ expectations of $744.59 million. During the same quarter in the previous year, the company earned $0.82 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities analysts forecast that Air Lease Corporation will post 5.16 earnings per share for the current year.

Air Lease Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 4th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis 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 currently 10.20%.

Wall Street Analysts Forecast Growth

AL has been the subject of a number of recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Air Lease in a research report on Wednesday, October 8th. Cowen downgraded Air Lease from a “buy” rating to a “hold” rating in a report on Wednesday, September 3rd. Zacks Research lowered Air Lease from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft lowered 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. Finally, TD Cowen cut Air Lease from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Five 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’s stock. According to MarketBeat, Air Lease has a consensus rating of “Hold” and an average target price of $60.29.

Institutional Trading of Air Lease

Hedge funds and other institutional investors have recently modified their holdings of the stock. Brooklyn Investment Group increased its position in shares of Air Lease by 152.4% during the 1st quarter. Brooklyn Investment Group now owns 588 shares of the transportation company’s stock worth $28,000 after purchasing an additional 355 shares during the last quarter. True Wealth Design LLC grew its stake in shares of 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 buying an additional 447 shares in the last quarter. Mather Group LLC. acquired a new position in Air Lease during the third quarter worth $29,000. First Horizon Corp acquired a new position in Air Lease during the third quarter worth $31,000. Finally, Parkside Financial Bank & Trust raised its position in Air Lease by 273.2% during the second quarter. Parkside Financial Bank & Trust now owns 556 shares of the transportation company’s stock worth $33,000 after acquiring an additional 407 shares in the last quarter. Institutional investors and hedge funds 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.