Key Points
- Director sale: Air Lease director Steven Udvar‑Hazy sold 8,767 shares at an average price of $63.85 for roughly $559,773, cutting his stake by 7.96% to 101,333 shares (disclosed on an SEC Form 4).
- Earnings and dividend: Air Lease reported quarterly EPS of $1.29 (above the $1.16 estimate) while revenue missed consensus, and declared a quarterly dividend of $0.22 (ex‑dividend Dec 4; annualized yield ~1.4%).
- Ownership and analyst view: Institutions own about 94.6% of the stock after large new positions from firms like AQR, Pentwater and Magnetar, while analysts' consensus is a "Hold" with a $59.50 target and mixed ratings.
Air Lease Corporation (NYSE:AL - Get Free Report) Director Steven Udvar-Hazy sold 3,000 shares of Air Lease stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $63.76, for a total value of $191,280.00. Following the transaction, the director owned 1,197,558 shares in the company, valued at approximately $76,356,298.08. This represents a 0.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Air Lease Stock Up 0.1%
Shares of Air Lease stock traded up $0.08 on Friday, hitting $63.81. The company had a trading volume of 924,935 shares, compared to its average volume of 1,316,060. The stock has a 50-day moving average of $63.65 and a 200-day moving average of $59.87. 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 twelve month low of $38.25 and a twelve month high of $64.30. The firm has a market capitalization of $7.13 billion, a P/E ratio of 7.75, a P/E/G ratio of 0.66 and a beta of 1.36.
Air Lease (NYSE:AL - Get Free Report) last announced its earnings results on Monday, November 3rd. The transportation company reported $1.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.13. The business had revenue of $725.39 million for the quarter, compared to analyst estimates of $744.59 million. Air Lease had a return on equity of 7.99% and a net margin of 34.04%.Air Lease's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.82 EPS. Research analysts predict that Air Lease Corporation will post 5.16 earnings per share for the current year.
Air Lease Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 4th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, December 4th. This represents a $0.88 dividend on an annualized basis and a yield of 1.4%. Air Lease's dividend payout ratio (DPR) is presently 10.20%.
Analysts Set New Price Targets
Several equities analysts have commented on AL shares. Deutsche Bank Aktiengesellschaft downgraded shares of Air Lease from a "buy" rating to a "hold" rating and set a $65.00 price objective on the stock. in a report on Wednesday, September 3rd. Zacks Research lowered shares of Air Lease from a "hold" rating to a "strong sell" rating in a research note on Wednesday, November 5th. Weiss Ratings reissued a "buy (b)" rating on shares of Air Lease in a report on Wednesday, October 8th. Cowen cut Air Lease from a "buy" rating to a "hold" rating in a report on Wednesday, September 3rd. Finally, TD Cowen downgraded Air Lease from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 3rd. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Air Lease currently has an average rating of "Hold" and an average target price of $59.50.
Get Our Latest Analysis on Air Lease
Institutional Investors Weigh In On Air Lease
Several hedge funds have recently added to or reduced their stakes in the business. Neo Ivy Capital Management bought a new stake in shares of Air Lease during the 1st quarter valued at about $1,347,000. KLP Kapitalforvaltning AS increased its holdings in Air Lease by 7.4% in the second quarter. KLP Kapitalforvaltning AS now owns 21,900 shares of the transportation company's stock worth $1,285,000 after purchasing an additional 1,500 shares in the last quarter. LPL Financial LLC lifted its stake in Air Lease by 11.3% in the first quarter. LPL Financial LLC now owns 45,244 shares of the transportation company's stock valued at $2,186,000 after buying an additional 4,601 shares during the period. Hsbc Holdings PLC bought a new position in shares of Air Lease during the 1st quarter worth approximately $987,000. Finally, Entropy Technologies LP acquired a new stake in shares of Air Lease during the 1st quarter worth approximately $452,000. 94.59% of the stock is currently owned by institutional investors and hedge funds.
About Air Lease
(
Get Free Report)
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.
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