Air Lease Corporation $AL Shares Sold by US Bancorp DE

US Bancorp DE lowered its holdings in Air Lease Corporation (NYSE:AL) by 13.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,619 shares of the transportation company’s stock after selling 11,335 shares during the period. US Bancorp DE owned 0.06% of Air Lease worth $4,559,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Air Lease by 21.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 50,569 shares of the transportation company’s stock valued at $2,443,000 after purchasing an additional 9,056 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Air Lease by 1,675.1% during the 1st quarter. Millennium Management LLC now owns 204,000 shares of the transportation company’s stock valued at $9,855,000 after purchasing an additional 192,508 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Air Lease by 493.5% in the first quarter. Jones Financial Companies Lllp now owns 8,884 shares of the transportation company’s stock valued at $429,000 after purchasing an additional 7,387 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Air Lease by 5.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 326,717 shares of the transportation company’s stock valued at $15,784,000 after purchasing an additional 15,629 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Air Lease by 16.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 298,275 shares of the transportation company’s stock worth $14,410,000 after purchasing an additional 41,912 shares in the last quarter. 94.59% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Air Lease

In related news, EVP Grant A. Levy sold 1,000 shares of the business’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $64.30, for a total transaction of $64,300.00. Following the sale, the executive vice president directly owned 137,206 shares in the company, valued at approximately $8,822,345.80. The trade was a 0.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Steven F. Udvar-Hazy sold 48,632 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $64.18, for a total transaction of $3,121,201.76. Following the completion of the sale, the director owned 14,050 shares in the company, valued at $901,729. This represents a 77.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 595,958 shares of company stock worth $38,158,193 in the last quarter. Insiders own 6.80% of the company’s stock.

Air Lease Stock Down 0.2%

Shares of Air Lease stock opened at $64.71 on Tuesday. The stock’s 50-day moving average is $64.48 and its 200 day moving average is $63.64. Air Lease Corporation has a one year low of $38.25 and a one year high of $64.96. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of 6.95, a PEG ratio of 0.54 and a beta of 1.11. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.46 and a quick ratio of 0.46.

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

Air Lease Dividend Announcement

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

Wall Street Analyst Weigh In

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

Air Lease Profile

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.