Air Lease Corporation (NYSE:AL) Director Jie Chen sold 2,000 shares of Air Lease Corporation stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $43.82, for a total value of $87,640.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Jie Chen also recently made the following trade(s):

  • On Monday, October 2nd, Jie Chen sold 4,000 shares of Air Lease Corporation stock. The stock was sold at an average price of $43.00, for a total value of $172,000.00.
  • On Tuesday, August 8th, Jie Chen sold 10,000 shares of Air Lease Corporation stock. The stock was sold at an average price of $43.00, for a total value of $430,000.00.

Air Lease Corporation (NYSE:AL) traded up $0.20 during trading on Friday, hitting $44.00. The stock had a trading volume of 418,093 shares, compared to its average volume of 554,984. The company has a market cap of $4.59 billion, a price-to-earnings ratio of 12.88 and a beta of 1.83.

Air Lease Corporation (NYSE:AL) last issued its quarterly earnings data on Thursday, August 3rd. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.08. Air Lease Corporation had a return on equity of 10.99% and a net margin of 25.64%. The business had revenue of $380.59 million during the quarter, compared to analyst estimates of $375.14 million. During the same period in the previous year, the firm earned $1.39 EPS. Air Lease Corporation’s quarterly revenue was up 8.7% compared to the same quarter last year. analysts anticipate that Air Lease Corporation will post 3.44 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently modified their holdings of the stock. QS Investors LLC grew its position in shares of Air Lease Corporation by 0.6% in the 2nd quarter. QS Investors LLC now owns 3,464 shares of the transportation company’s stock valued at $129,000 after purchasing an additional 21 shares during the period. Alps Advisors Inc. grew its position in shares of Air Lease Corporation by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 12,316 shares of the transportation company’s stock valued at $460,000 after purchasing an additional 32 shares during the period. Suntrust Banks Inc. grew its position in shares of Air Lease Corporation by 0.9% in the 2nd quarter. Suntrust Banks Inc. now owns 12,844 shares of the transportation company’s stock valued at $479,000 after purchasing an additional 119 shares during the period. Teacher Retirement System of Texas grew its position in shares of Air Lease Corporation by 1.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 7,877 shares of the transportation company’s stock valued at $294,000 after purchasing an additional 134 shares during the period. Finally, Advisory Services Network LLC grew its position in shares of Air Lease Corporation by 0.8% in the 2nd quarter. Advisory Services Network LLC now owns 23,589 shares of the transportation company’s stock valued at $881,000 after purchasing an additional 198 shares during the period. Institutional investors and hedge funds own 92.12% of the company’s stock.

A number of analysts recently commented on the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $80.00 price objective on shares of Air Lease Corporation in a research report on Thursday. Bank of America Corporation set a $47.00 target price on Air Lease Corporation and gave the stock a “hold” rating in a research report on Thursday, October 19th. Zacks Investment Research upgraded Air Lease Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. BidaskClub lowered Air Lease Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Finally, Cowen and Company boosted their target price on Air Lease Corporation from $41.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Air Lease Corporation has a consensus rating of “Buy” and an average target price of $50.43.

Air Lease Corporation 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.

Insider Buying and Selling by Quarter for Air Lease Corporation (NYSE:AL)

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