Air Lease (NYSE:AL) Director Steven Udvar-Hazy Sells 8,767 Shares

Air Lease Corporation (NYSE:AL) Director Steven Udvar-Hazy sold 8,767 shares of the stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $63.85, for a total transaction of $559,772.95. Following the transaction, the director directly owned 101,333 shares in the company, valued at approximately $6,470,112.05. This represents a 7.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Air Lease Stock Down 0.1%

AL traded down $0.07 during midday trading on Thursday, hitting $63.74. The company had a trading volume of 7,896,835 shares, compared to its average volume of 1,320,067. The stock’s 50 day moving average price is $63.65 and its 200 day moving average price is $59.87. Air Lease Corporation has a 52 week low of $38.25 and a 52 week high of $64.30. The company has a market capitalization of $7.12 billion, a price-to-earnings ratio of 7.73, a PEG ratio of 0.66 and a beta of 1.36. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 2.47.

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

Air Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 4th will be issued a dividend of $0.22 per share. 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 currently 10.20%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AL. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Air Lease in a research report on Wednesday, October 8th. Cowen downgraded shares of Air Lease from a “buy” rating to a “hold” rating in a 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. Zacks Research downgraded shares of Air Lease from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Air Lease from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a research report on Wednesday, September 3rd. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Air Lease currently has a consensus rating of “Hold” and an average target price of $60.29.

Institutional Trading of Air Lease

Several institutional investors and hedge funds have recently made changes to their positions in AL. Caerus Investment Advisors LLC purchased a new position in Air Lease during the third quarter worth about $232,000. Captrust Financial Advisors lifted its position in shares of Air Lease by 61.6% during the 3rd quarter. Captrust Financial Advisors now owns 30,689 shares of the transportation company’s stock worth $1,953,000 after buying an additional 11,693 shares in the last quarter. Coldstream Capital Management Inc. bought a new position in shares of Air Lease during the 3rd quarter worth approximately $201,000. Danske Bank A S purchased a new position in shares of Air Lease in the 3rd quarter worth approximately $1,240,000. Finally, Morningstar Investment Management LLC bought a new position in shares of Air Lease in the third quarter valued at approximately $732,000. Hedge funds and other 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.