Key Points
- Director Steven Udvar-Hazy sold 48,000 shares on Dec. 11 at an average price of $63.96 for a total of $3.07 million, cutting his holding by 77.36% to 14,050 shares (worth ≈ $898,638).
- Dividend and valuation: Air Lease declared a quarterly dividend of $0.22 per share (annualized $0.88, yield 1.4%), and the stock trades near its 12‑month high with a market cap of $7.15 billion and a P/E of 7.41.
- Recent results and market view: The company beat EPS estimates ($1.29 vs. $1.16) but missed revenue expectations, and analysts hold an average rating of “Hold” with a $59.50 consensus target while institutional investors own about 94.6% of the stock.
Air Lease Corporation (NYSE:AL - Get Free Report) Director Steven Udvar-Hazy sold 2,800 shares of Air Lease stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $64.06, for a total transaction of $179,368.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Air Lease Price Performance
Shares of AL opened at $64.04 on Friday. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.43 and a current ratio of 0.43. Air Lease Corporation has a fifty-two week low of $38.25 and a fifty-two week high of $64.30. The firm has a 50-day simple moving average of $63.77 and a 200-day simple moving average of $60.75. The company has a market capitalization of $7.16 billion, a price-to-earnings ratio of 7.42 and a beta of 1.19.
Air Lease (NYSE:AL - Get Free Report) last posted its quarterly earnings data on Monday, November 3rd. The transportation company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.16 by $0.13. Air Lease had a return on equity of 7.84% and a net margin of 35.08%.The firm had revenue of $725.39 million during the quarter, compared to the consensus estimate of $744.59 million. During the same period in the prior year, the business earned $0.82 EPS. The firm's revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts anticipate that Air Lease Corporation will post 5.16 earnings per share for the current year.
Air Lease Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 4th will be given a $0.22 dividend. 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 10.20%.
Institutional Trading of Air Lease
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its position in Air Lease by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 6,592,510 shares of the transportation company's stock worth $318,479,000 after buying an additional 31,274 shares during the period. Wellington Management Group LLP lifted its position in shares of Air Lease by 1.3% during the 1st quarter. Wellington Management Group LLP now owns 5,453,859 shares of the transportation company's stock valued at $263,476,000 after acquiring an additional 69,629 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Air Lease by 1.2% during the 1st quarter. JPMorgan Chase & Co. now owns 5,025,421 shares of the transportation company's stock worth $242,778,000 after acquiring an additional 60,216 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Air Lease by 7.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,619,226 shares of the transportation company's stock worth $211,797,000 after acquiring an additional 265,423 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of Air Lease by 10.4% in the 1st quarter. American Century Companies Inc. now owns 3,563,297 shares of the transportation company's stock worth $172,143,000 after acquiring an additional 336,376 shares during the period. Institutional investors and hedge funds own 94.59% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have commented on AL shares. Zacks Research downgraded shares of Air Lease from a "hold" rating to a "strong sell" rating in a research report on Wednesday, November 5th. TD Cowen lowered shares of Air Lease from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 3rd. Cowen downgraded shares of Air Lease from a "buy" rating to a "hold" rating in a research report on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft lowered 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. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Air Lease in a research note on Wednesday, October 8th. 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $59.50.
Check Out Our Latest Analysis on AL
Air Lease Company Profile
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
