Air Lease Corp (NYSE:AL) insider Steven F. Udvar-Hazy sold 24,564 shares of the firm’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $44.25, for a total value of $1,086,957.00. Following the sale, the insider now directly owns 952,376 shares of the company’s stock, valued at $42,142,638. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Shares of Air Lease Corp (AL) traded down $0.08 during trading hours on Monday, hitting $43.80. The stock had a trading volume of 977,092 shares, compared to its average volume of 813,570. Air Lease Corp has a one year low of $34.42 and a one year high of $50.70. The firm has a market cap of $4,540.00, a price-to-earnings ratio of 12.00, a PEG ratio of 0.67 and a beta of 1.73. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.00 and a quick ratio of 1.00.
Air Lease (NYSE:AL) last announced its quarterly earnings data on Thursday, February 22nd. The transportation company reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.19. Air Lease had a return on equity of 10.91% and a net margin of 49.87%. The company had revenue of $398.47 million for the quarter, compared to analyst estimates of $380.93 million. During the same quarter last year, the firm earned $1.48 EPS. Air Lease’s revenue for the quarter was up 7.6% compared to the same quarter last year. equities research analysts anticipate that Air Lease Corp will post 4.63 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the company. Calton & Associates Inc. acquired a new stake in shares of Air Lease during the 4th quarter worth approximately $102,000. Zions Bancorporation acquired a new stake in shares of Air Lease during the 3rd quarter worth approximately $114,000. Whittier Trust Co. acquired a new stake in shares of Air Lease during the 4th quarter worth approximately $141,000. Comerica Bank acquired a new stake in shares of Air Lease during the 4th quarter worth approximately $213,000. Finally, Parametrica Management Ltd acquired a new stake in shares of Air Lease during the 4th quarter worth approximately $225,000. 90.32% of the stock is currently owned by institutional investors.
A number of brokerages recently weighed in on AL. Credit Suisse Group reissued an “outperform” rating and issued a $57.00 price objective (up from $55.00) on shares of Air Lease in a research note on Friday, February 23rd. Citigroup began coverage on Air Lease in a research report on Friday, December 8th. They issued a “neutral” rating and a $46.00 price target on the stock. ValuEngine downgraded Air Lease from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research raised Air Lease from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Tuesday, January 9th. Finally, Bank of America raised Air Lease from a “neutral” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Friday. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. Air Lease has a consensus rating of “Hold” and an average price target of $52.05.
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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.
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