Air Lease Corp (NYSE:AL) EVP Marc H. Baer sold 5,000 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $44.13, for a total transaction of $220,650.00. Following the sale, the executive vice president now directly owns 127,001 shares in the company, valued at $5,604,554.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Air Lease Corp (NYSE AL) traded down $0.20 during midday trading on Tuesday, reaching $44.13. 577,863 shares of the company’s stock traded hands, compared to its average volume of 740,553. Air Lease Corp has a 1-year low of $34.21 and a 1-year high of $45.15. The stock has a market capitalization of $4,510.56, a P/E ratio of 12.52, a PEG ratio of 1.32 and a beta of 1.82. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.06 and a current ratio of 1.06.

Air Lease (NYSE:AL) last announced its quarterly earnings results on Thursday, November 9th. The transportation company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. Air Lease had a net margin of 25.67% and a return on equity of 10.87%. The firm had revenue of $376.77 million for the quarter, compared to the consensus estimate of $374.61 million. During the same period in the prior year, the firm posted $1.43 earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. equities research analysts expect that Air Lease Corp will post 3.44 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Thursday, December 14th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.91%. This is an increase from Air Lease’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Wednesday, December 13th. Air Lease’s dividend payout ratio is presently 8.60%.

Several institutional investors have recently made changes to their positions in the company. QS Investors LLC lifted its holdings in shares of Air Lease by 0.6% in the second quarter. QS Investors LLC now owns 3,464 shares of the transportation company’s stock worth $129,000 after buying an additional 21 shares in the last quarter. Alps Advisors Inc. lifted its holdings in shares of Air Lease by 0.3% in the second quarter. Alps Advisors Inc. now owns 12,316 shares of the transportation company’s stock worth $460,000 after buying an additional 32 shares in the last quarter. Suntrust Banks Inc. lifted its holdings in shares of Air Lease by 0.9% in the second quarter. Suntrust Banks Inc. now owns 12,844 shares of the transportation company’s stock worth $479,000 after buying an additional 119 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Air Lease by 1.7% in the second quarter. Teacher Retirement System of Texas now owns 7,877 shares of the transportation company’s stock worth $294,000 after buying an additional 134 shares in the last quarter. Finally, Advisory Services Network LLC lifted its holdings in shares of Air Lease by 0.8% in the second quarter. Advisory Services Network LLC now owns 23,589 shares of the transportation company’s stock worth $881,000 after buying an additional 198 shares in the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

AL has been the topic of several recent research reports. Credit Suisse Group upped their price objective on shares of Air Lease from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, November 10th. ValuEngine downgraded shares of Air Lease from a “buy” rating to a “hold” rating in a report on Friday. Bank of America set a $47.00 price objective on shares of Air Lease and gave the company a “hold” rating in a report on Thursday, October 19th. UBS upped their price objective on shares of Air Lease from $30.00 to $31.00 and gave the company a “sell” rating in a report on Friday, November 10th. Finally, Cowen upped their price objective on shares of Air Lease from $45.00 to $54.00 and gave the company an “outperform” rating in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $48.78.

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Air Lease Company Profile

Air Lease Corporation is an aircraft leasing company. The Company is principally engaged in purchasing new commercial jet transport aircraft directly from aircraft manufacturers, such as The Boeing Company (Boeing) and Airbus SAS. (Airbus), and leasing those aircraft to airlines across the world. Along with its leasing activities, the Company sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies and airlines.

Insider Buying and Selling by Quarter for Air Lease (NYSE:AL)

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