Air Lease Corporation $AL Shares Sold by Stanley Laman Group Ltd.

Key Points

• Stanley Laman Group cut its stake in Air Lease by 91% in Q4, selling 52,692 shares and retaining 5,225 shares worth $336,000, while institutional investors own about 94.59% of the company.
• Air Lease reported Q4 EPS of $2.20, beating consensus by $0.74, although revenue of $679.5M missed estimates despite rising 15.1% year‑over‑year; analysts' consensus is a "Moderate Buy" with an average target of $66.00.
• The company recently declared a quarterly dividend of $0.22 (annualized $0.88, yield 1.4%) and trades at a P/E of 6.98 with a market capitalization of about $7.28 billion.

Stanley Laman Group Ltd. decreased its position in Air Lease Corporation (NYSE:AL - Free Report) by 91.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,225 shares of the transportation company's stock after selling 52,692 shares during the quarter. Stanley Laman Group Ltd.'s holdings in Air Lease were worth $336,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Hudson Bay Capital Management LP acquired a new position in Air Lease during the 3rd quarter valued at approximately $1,284,000. WINTON GROUP Ltd boosted its position in Air Lease by 585.9% during the 3rd quarter. WINTON GROUP Ltd now owns 167,825 shares of the transportation company's stock valued at $10,682,000 after purchasing an additional 143,357 shares during the period. Savant Capital LLC acquired a new position in Air Lease during the 3rd quarter valued at approximately $1,050,000. High Ground Investment Management LLP acquired a new position in Air Lease during the 3rd quarter valued at approximately $34,957,000. Finally, AIA Group Ltd boosted its position in Air Lease by 60.7% during the 3rd quarter. AIA Group Ltd now owns 60,282 shares of the transportation company's stock valued at $3,837,000 after purchasing an additional 22,775 shares during the period. Institutional investors and hedge funds own 94.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AL. Barclays restated an "equal weight" rating and set a $65.00 price objective (down from $68.00) on shares of Air Lease in a research report on Tuesday, January 6th. Weiss Ratings restated a "buy (b)" rating on shares of Air Lease in a research report on Wednesday, January 21st. Finally, Zacks Research upgraded Air Lease from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $66.00.

Air Lease Price Performance

Shares of Air Lease stock opened at $65.00 on Tuesday. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.46 and a quick ratio of 0.46. Air Lease Corporation has a 1-year low of $38.25 and a 1-year high of $65.00. The business's fifty day moving average price is $64.76 and its two-hundred day moving average price is $64.24. The company has a market capitalization of $7.28 billion, a P/E ratio of 6.98, a PEG ratio of 0.54 and a beta of 1.07.

Air Lease (NYSE:AL - Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The transportation company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.74. Air Lease had a return on equity of 8.54% and a net margin of 35.72%.The company had revenue of $679.54 million during the quarter, compared to analysts' expectations of $782.67 million. During the same quarter in the prior year, the business posted $0.83 earnings per share. The company's revenue for the quarter was up 15.1% compared to the same quarter last year. As a group, research analysts forecast that Air Lease Corporation will post 5.16 EPS for the current year.

Air Lease Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 7th. Stockholders of record on Monday, March 2nd were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.88 annualized dividend and a dividend yield of 1.4%. Air Lease's dividend payout ratio is presently 9.45%.

About Air Lease

Air Lease Corporation NYSE: AL is a leading aircraft leasing company that acquires commercial jet aircraft and leases them to airlines worldwide. The firm's core business activities include direct aircraft acquisition, lease management and portfolio remarketing. By structuring sale‐and‐leaseback transactions, operating leases and secured loans, Air Lease provides flexible financing solutions that enable carriers to modernize their fleets without committing large amounts of capital to ownership.

Founded in 2010 and headquartered in Los Angeles, Air Lease Corporation serves a diverse customer base spanning North America, Europe, Asia, Latin America and the Middle East.

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