Air Lease Corporation (NYSE:AL) Receives Average Recommendation of “Hold” from Brokerages

Shares of Air Lease Corporation (NYSE:AL) have earned an average rating of “Hold” from the nine brokerages that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $59.50.

Several equities analysts have recently issued reports on the company. TD Cowen lowered Air Lease from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. Zacks Research cut shares of Air Lease from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft cut shares of Air Lease from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a report on Wednesday, September 3rd. Cowen lowered Air Lease from a “buy” rating to a “hold” rating in a report on Wednesday, September 3rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Air Lease in a research note on Wednesday, October 8th.

Insider Buying and Selling at Air Lease

In other news, Director Steven F. Udvar-Hazy sold 64,000 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $64.02, for a total transaction of $4,097,280.00. Following the sale, the director directly owned 74,000 shares in the company, valued at $4,737,480. This represents a 46.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO John L. Plueger sold 155,821 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $64.03, for a total transaction of $9,977,218.63. Following the sale, the chief executive officer directly owned 725,941 shares in the company, valued at $46,482,002.23. This trade represents a 17.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 760,593 shares of company stock valued at $48,668,588 over the last 90 days. 6.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AL. Brooklyn Investment Group boosted its stake in Air Lease by 152.4% during the first quarter. Brooklyn Investment Group now owns 588 shares of the transportation company’s stock valued at $28,000 after buying an additional 355 shares during the period. True Wealth Design LLC raised its stake in Air Lease by 2,980.0% in the third quarter. True Wealth Design LLC now owns 462 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 447 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Air Lease during the 3rd quarter valued at $29,000. First Horizon Corp purchased a new position in Air Lease in the third quarter worth $31,000. Finally, Parkside Financial Bank & Trust increased its stake in 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 last quarter. Institutional investors own 94.59% of the company’s stock.

Air Lease Stock Performance

Shares of AL stock opened at $64.16 on Friday. The company has a debt-to-equity ratio of 2.42, a current ratio of 0.43 and a quick ratio of 0.43. The firm has a 50-day moving average of $63.86 and a 200-day moving average of $61.18. Air Lease has a one year low of $38.25 and a one year high of $64.40. The company has a market cap of $7.17 billion, a P/E ratio of 7.43 and a beta of 1.19.

Air Lease (NYSE:AL) last released its quarterly earnings results on Monday, November 3rd. The transportation company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.13. The business had revenue of $725.39 million for the quarter, compared to analysts’ expectations of $744.59 million. Air Lease had a net margin of 35.08% and a return on equity of 7.84%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.82 earnings per share. Equities research analysts forecast that Air Lease 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 Thursday, January 8th. Shareholders of record on Thursday, December 4th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, December 4th. Air Lease’s dividend payout ratio (DPR) is currently 10.20%.

Air Lease Company 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.