Air Lease (NYSE:AL) Director Steven Udvar-Hazy Sells 12,000 Shares

Air Lease Corporation (NYSE:AL) Director Steven Udvar-Hazy sold 12,000 shares of the company’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $63.73, for a total transaction of $764,760.00. Following the sale, the director directly owned 33,745 shares in the company, valued at $2,150,568.85. This represents a 26.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Air Lease Price Performance

Shares of NYSE:AL traded down $0.07 during trading on Thursday, reaching $63.74. The stock had a trading volume of 7,896,835 shares, compared to its average volume of 1,320,067. The stock has a market capitalization of $7.12 billion, a PE ratio of 7.73, a P/E/G ratio of 0.66 and a beta of 1.36. The company has a debt-to-equity ratio of 2.47, a current ratio of 0.42 and a quick ratio of 0.42. Air Lease Corporation has a 52 week low of $38.25 and a 52 week high of $64.30. The business’s 50-day moving average price is $63.65 and its 200 day moving average price is $59.87.

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, beating analysts’ consensus estimates of $1.16 by $0.13. The firm had revenue of $725.39 million during the quarter, compared to analysts’ expectations of $744.59 million. Air Lease had a return on equity of 7.99% and a net margin of 34.04%.The business’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm posted $0.82 EPS. As a group, equities analysts predict that Air Lease Corporation will post 5.16 earnings per share for the current year.

Air Lease Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 4th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, December 4th. Air Lease’s dividend payout ratio is 10.20%.

Institutional Investors Weigh In On Air Lease

Institutional investors have recently bought and sold shares of the company. Neo Ivy Capital Management bought a new position in shares of Air Lease during the first quarter worth approximately $1,347,000. KLP Kapitalforvaltning AS boosted its stake in Air Lease by 7.4% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 21,900 shares of the transportation company’s stock valued at $1,285,000 after purchasing an additional 1,500 shares during the period. Hsbc Holdings PLC acquired a new position in Air Lease in the 1st quarter valued at $987,000. LPL Financial LLC increased its position in Air Lease by 11.3% during the 1st quarter. LPL Financial LLC now owns 45,244 shares of the transportation company’s stock worth $2,186,000 after buying an additional 4,601 shares during the period. Finally, Royal Bank of Canada lifted its holdings in shares of Air Lease by 8.3% during the first quarter. Royal Bank of Canada now owns 353,072 shares of the transportation company’s stock worth $17,057,000 after buying an additional 27,065 shares in the last quarter. Institutional investors own 94.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Zacks Research lowered Air Lease from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 5th. TD Cowen cut shares of Air Lease from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Air Lease in a research note on Wednesday, October 8th. Cowen cut shares of Air Lease from a “buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Air Lease from a “buy” rating to a “hold” rating and set a $65.00 target price for the company. in a report on Wednesday, September 3rd. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $60.29.

About Air Lease

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide. It sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors. The company provides fleet management services to investors and owners of aircraft portfolios.