Grant A. Levy Sells 10,000 Shares of Air Lease Corp (NYSE:AL) Stock

Air Lease Corp (NYSE:AL) EVP Grant A. Levy sold 10,000 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $46.45, for a total transaction of $464,500.00. Following the transaction, the executive vice president now owns 148,373 shares in the company, valued at approximately $6,891,925.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Air Lease stock opened at $46.62 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.52. Air Lease Corp has a 12-month low of $28.13 and a 12-month high of $47.54. The firm’s fifty day moving average is $45.57 and its 200 day moving average is $41.76. The company has a market capitalization of $5.27 billion, a PE ratio of 9.53, a PEG ratio of 1.01 and a beta of 1.87.

Air Lease (NYSE:AL) last released its earnings results on Thursday, November 7th. The transportation company reported $1.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.05. Air Lease had a net margin of 29.22% and a return on equity of 10.81%. The company had revenue of $531.00 million for the quarter, compared to the consensus estimate of $525.63 million. During the same quarter in the previous year, the company earned $1.73 EPS. Air Lease’s quarterly revenue was up 17.8% compared to the same quarter last year. Sell-side analysts expect that Air Lease Corp will post 5.05 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 20th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Thursday, December 19th. This is an increase from Air Lease’s previous quarterly dividend of $0.13. Air Lease’s payout ratio is presently 11.30%.

Separately, ValuEngine downgraded shares of Air Lease from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $48.50.

Several institutional investors have recently added to or reduced their stakes in AL. Commonwealth Equity Services LLC acquired a new position in Air Lease during the second quarter worth $238,000. SG Americas Securities LLC raised its holdings in Air Lease by 603.9% during the second quarter. SG Americas Securities LLC now owns 121,790 shares of the transportation company’s stock worth $5,035,000 after buying an additional 104,487 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Air Lease by 8.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,093 shares of the transportation company’s stock worth $293,000 after buying an additional 569 shares during the last quarter. Aperio Group LLC raised its holdings in Air Lease by 19.8% during the second quarter. Aperio Group LLC now owns 403,898 shares of the transportation company’s stock worth $16,697,000 after buying an additional 66,622 shares during the last quarter. Finally, Capital Management Corp VA raised its holdings in Air Lease by 16.9% during the second quarter. Capital Management Corp VA now owns 154,780 shares of the transportation company’s stock worth $6,399,000 after buying an additional 22,375 shares during the last quarter. Institutional investors own 91.16% of the company’s stock.

About Air Lease

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet transport aircraft to airlines worldwide. The company also sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, and airlines.

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