BCGM Wealth Management LLC Reduces Holdings in Air Lease Corporation $AL

BCGM Wealth Management LLC trimmed its stake in shares of Air Lease Corporation (NYSE:AL) by 80.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,088 shares of the transportation company’s stock after selling 38,324 shares during the quarter. BCGM Wealth Management LLC’s holdings in Air Lease were worth $578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of AL. True Wealth Design LLC grew its holdings in shares of Air Lease by 2,980.0% in the third quarter. True Wealth Design LLC now owns 462 shares of the transportation company’s stock worth $29,000 after purchasing an additional 447 shares during the last quarter. Mather Group LLC. purchased a new stake in Air Lease during the 3rd quarter valued at $29,000. First Horizon Corp bought a new stake in Air Lease in the 3rd quarter worth $31,000. Parkside Financial Bank & Trust increased its position in shares of Air Lease by 273.2% in the second quarter. Parkside Financial Bank & Trust now owns 556 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 407 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in shares of Air Lease by 129.6% during the third quarter. Nisa Investment Advisors LLC now owns 528 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 298 shares during the last quarter. Institutional investors own 94.59% of the company’s stock.

Insider Activity

In other news, Director Steven F. Udvar-Hazy sold 19,000 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $64.12, for a total value of $1,218,280.00. Following the sale, the director directly owned 1,391,366 shares of the company’s stock, valued at $89,214,387.92. This represents a 1.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Grant A. Levy sold 1,000 shares of Air Lease stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $64.30, for a total transaction of $64,300.00. Following the transaction, the executive vice president directly owned 137,206 shares of the company’s stock, valued at approximately $8,822,345.80. This trade represents a 0.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 595,958 shares of company stock worth $38,158,193. Corporate insiders own 6.80% of the company’s stock.

Air Lease Stock Performance

Shares of AL opened at $64.87 on Monday. The company has a 50-day simple moving average of $64.47 and a two-hundred day simple moving average of $63.59. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.46 and a quick ratio of 0.46. The firm has a market capitalization of $7.27 billion, a PE ratio of 6.97, a price-to-earnings-growth ratio of 0.54 and a beta of 1.11. Air Lease Corporation has a one year low of $38.25 and a one year high of $64.96.

Air Lease (NYSE:AL) last announced its earnings results on Thursday, February 12th. The transportation company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.74. The firm had revenue of $679.54 million during the quarter, compared to analyst estimates of $782.67 million. Air Lease had a return on equity of 8.54% and a net margin of 35.72%.The business’s revenue was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.83 EPS. On average, analysts anticipate that Air Lease Corporation will post 5.16 EPS for the current fiscal year.

Air Lease Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 7th. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, March 2nd. Air Lease’s payout ratio is 9.45%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AL shares. Zacks Research upgraded shares of Air Lease from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Barclays reiterated an “equal weight” rating and issued a $65.00 price objective (down from $68.00) on shares of Air Lease in a report on Tuesday, January 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Air Lease in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $59.60.

About Air Lease

Air Lease Corporation (NYSE: AL) is a leading aircraft leasing company that acquires commercial jet aircraft and leases them to airlines worldwide. The firm’s core business activities include direct aircraft acquisition, lease management and portfolio remarketing. By structuring sale‐and‐leaseback transactions, operating leases and secured loans, Air Lease provides flexible financing solutions that enable carriers to modernize their fleets without committing large amounts of capital to ownership.

Founded in 2010 and headquartered in Los Angeles, Air Lease Corporation serves a diverse customer base spanning North America, Europe, Asia, Latin America and the Middle East.