Air Lease Corp (AL) EVP Sells $191,840.00 in Stock

Air Lease Corp (NYSE:AL) EVP Jie Chen sold 4,000 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $47.96, for a total transaction of $191,840.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

  • On Wednesday, December 13th, Jie Chen sold 52,000 shares of Air Lease stock. The stock was sold at an average price of $45.00, for a total transaction of $2,340,000.00.
  • 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 transaction 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 transaction of $87,640.00.

Shares of Air Lease Corp (NYSE AL) traded up $0.16 during midday trading on Wednesday, hitting $48.19. 717,520 shares of the stock were exchanged, compared to its average volume of 726,900. The firm has a market capitalization of $4,980.00, a PE ratio of 13.85, a price-to-earnings-growth ratio of 1.26 and a beta of 1.81. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.06 and a quick ratio of 1.06. Air Lease Corp has a 1-year low of $34.42 and a 1-year high of $48.96.

Air Lease (NYSE:AL) last issued its earnings results on Thursday, November 9th. The transportation company reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.03. The business had revenue of $376.77 million during the quarter, compared to analysts’ expectations of $374.61 million. Air Lease had a net margin of 25.67% and a return on equity of 10.87%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.43 earnings per share. equities research analysts expect that Air Lease Corp will post 3.45 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Thursday, December 14th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.83%. This is a boost 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 11.49%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. QS Investors LLC raised its position 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 valued at $129,000 after buying an additional 21 shares during the last quarter. Suntrust Banks Inc. grew 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 valued at $479,000 after purchasing an additional 119 shares during the period. Advisory Services Network LLC grew 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 valued at $881,000 after purchasing an additional 198 shares during the period. Utah Retirement Systems grew its holdings in shares of Air Lease by 1.1% in the second quarter. Utah Retirement Systems now owns 17,635 shares of the transportation company’s stock valued at $659,000 after purchasing an additional 200 shares during the period. Finally, Israel Discount Bank of New York grew its holdings in shares of Air Lease by 7.7% in the second quarter. Israel Discount Bank of New York now owns 2,785 shares of the transportation company’s stock valued at $104,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

A number of research firms have weighed in on AL. Royal Bank of Canada upped their price objective on shares of Air Lease from $79.00 to $80.00 and gave the stock a “top pick” rating in a research report on Friday, September 29th. Zacks Investment Research upgraded shares of Air Lease from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. ValuEngine cut shares of Air Lease from a “buy” rating to a “hold” rating in a research report on Sunday. UBS Group upped their price objective on shares of Air Lease from $30.00 to $31.00 and gave the stock a “sell” rating in a research 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 stock an “outperform” rating in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. Air Lease presently has a consensus rating of “Hold” and a consensus price target of $48.50.

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About Air Lease

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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