Air Lease Corp (NYSE:AL) EVP Jie Chen sold 52,000 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $45.00, for a total value of $2,340,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Jie Chen also recently made the following trade(s):

  • On Friday, December 1st, Jie Chen sold 2,000 shares of Air Lease stock. The stock was sold at an average price of $43.30, for a total value of $86,600.00.
  • On Wednesday, November 1st, Jie Chen sold 2,000 shares of Air Lease stock. The stock was sold at an average price of $43.82, for a total value of $87,640.00.
  • On Monday, October 2nd, Jie Chen sold 4,000 shares of Air Lease stock. The shares were sold at an average price of $43.00, for a total value of $172,000.00.

Shares of Air Lease Corp (NYSE:AL) traded down $0.35 during midday trading on Friday, hitting $44.73. The stock had a trading volume of 924,600 shares, compared to its average volume of 743,030. 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 Corp has a 12-month low of $34.21 and a 12-month high of $45.23. The stock has a market capitalization of $4,654.06, a P/E ratio of 12.92, a price-to-earnings-growth ratio of 1.36 and a beta of 1.82.

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

The firm 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 annualized dividend and a dividend yield of 0.89%. 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 hedge funds and other institutional investors have recently modified their holdings of AL. Cedar Hill Associates LLC purchased a new stake in shares of Air Lease in the second quarter worth approximately $7,768,000. LSV Asset Management raised its holdings in shares of Air Lease by 225.9% in the second quarter. LSV Asset Management now owns 266,183 shares of the transportation company’s stock worth $9,944,000 after buying an additional 184,500 shares during the period. UBS Oconnor LLC purchased a new stake in shares of Air Lease in the second quarter worth approximately $6,818,000. Cobalt Capital Management Inc. raised its holdings in shares of Air Lease by 29.3% in the second quarter. Cobalt Capital Management Inc. now owns 771,629 shares of the transportation company’s stock worth $28,828,000 after buying an additional 175,000 shares during the period. Finally, Boston Partners raised its holdings in shares of Air Lease by 2.0% in the third quarter. Boston Partners now owns 8,664,181 shares of the transportation company’s stock worth $369,267,000 after buying an additional 169,454 shares during the period. Hedge funds and other institutional investors own 91.87% of the company’s stock.

A number of equities analysts recently commented on AL shares. Royal Bank of Canada increased their price target on Air Lease from $79.00 to $80.00 and gave the company a “top pick” rating in a research note on Friday, September 29th. Bank of America set a $47.00 price target on Air Lease and gave the company a “hold” rating in a research note on Thursday, October 19th. Zacks Investment Research lowered Air Lease from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Cowen raised their price objective on Air Lease from $45.00 to $54.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. Finally, UBS raised their price objective on Air Lease from $30.00 to $31.00 and gave the company a “sell” rating in a research note on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $48.50.

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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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