Air Lease Corp (NYSE:AL) EVP Grant A. Levy sold 10,000 shares of the company’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $44.01, for a total value of $440,100.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Air Lease Corp (AL) traded up $0.33 on Friday, reaching $44.19. The company’s stock had a trading volume of 719,970 shares, compared to its average volume of 856,228. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $4,544.84, a PE ratio of 6.48, a price-to-earnings-growth ratio of 0.67 and a beta of 1.74. Air Lease Corp has a fifty-two week low of $34.42 and a fifty-two week high of $50.70.

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Air Lease (NYSE:AL) last issued its quarterly earnings results on Thursday, February 22nd. The transportation company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.19. The business had revenue of $398.47 million during the quarter, compared to analysts’ expectations of $380.93 million. Air Lease had a return on equity of 10.91% and a net margin of 49.87%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.48 earnings per share. equities research analysts forecast that Air Lease Corp will post 4.58 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 6th. Shareholders of record on Tuesday, March 20th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Monday, March 19th. Air Lease’s payout ratio is 5.87%.

A number of analysts recently commented on AL shares. Bank of America upgraded Air Lease from a “neutral” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Friday, March 9th. Citigroup upped their price objective on Air Lease from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Zacks Investment Research upgraded Air Lease from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Tuesday, January 9th. ValuEngine cut Air Lease from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Macquarie started coverage on Air Lease in a research report on Tuesday. They set an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. Air Lease has a consensus rating of “Buy” and a consensus price target of $52.05.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Calton & Associates Inc. bought a new position in shares of Air Lease in the fourth quarter worth about $102,000. Zions Bancorporation bought a new position in shares of Air Lease in the third quarter worth about $114,000. Whittier Trust Co. bought a new position in shares of Air Lease in the fourth quarter worth about $141,000. Comerica Bank bought a new position in shares of Air Lease in the fourth quarter worth about $213,000. Finally, Parametrica Management Ltd bought a new position in shares of Air Lease in the fourth quarter worth about $225,000. Institutional investors and hedge funds own 90.32% of the company’s stock.

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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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