Douglas Lane & Associates LLC Sells 31,508 Shares of Air Lease Corporation $AL

Key Points

• Douglas Lane & Associates LLC sold 31,508 shares of Air Lease, trimming its stake by 39.6% to 48,015 shares valued at about $3.08 million.
• Air Lease beat EPS expectations with $2.20 per share (vs. $1.46 expected) but missed on revenue at $679.5M (vs. $782.7M); net margin was 35.7% and revenue grew 15.1% year‑over‑year.
• Analysts hold a consensus "Moderate Buy" with a $66 price target; AL trades near $65, carries a PE of 6.98, and pays a $0.22 quarterly dividend (≈1.4% yield).

Douglas Lane & Associates LLC decreased its holdings in Air Lease Corporation (NYSE:AL - Free Report) by 39.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,015 shares of the transportation company's stock after selling 31,508 shares during the quarter. Douglas Lane & Associates LLC's holdings in Air Lease were worth $3,084,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of AL. Hudson Bay Capital Management LP bought a new stake in Air Lease during the third quarter valued at $1,284,000. WINTON GROUP Ltd boosted its position in Air Lease by 585.9% during the third quarter. WINTON GROUP Ltd now owns 167,825 shares of the transportation company's stock valued at $10,682,000 after acquiring an additional 143,357 shares during the last quarter. Savant Capital LLC bought a new stake in Air Lease during the third quarter valued at $1,050,000. High Ground Investment Management LLP bought a new stake in Air Lease during the third quarter valued at $34,957,000. Finally, AIA Group Ltd boosted its position in Air Lease by 60.7% during the third quarter. AIA Group Ltd now owns 60,282 shares of the transportation company's stock valued at $3,837,000 after acquiring an additional 22,775 shares during the last quarter. Institutional investors own 94.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Barclays reaffirmed an "equal weight" rating and set a $65.00 price target (down from $68.00) on shares of Air Lease in a research report on Tuesday, January 6th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Air Lease in a research report on Wednesday, January 21st. Finally, Zacks Research raised shares of Air Lease from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 18th. One investment 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 stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $66.00.

Air Lease Price Performance

AL stock opened at $65.00 on Friday. The stock has a market capitalization of $7.28 billion, a PE ratio of 6.98, a price-to-earnings-growth ratio of 0.54 and a beta of 1.07. The company's 50-day moving average is $64.75 and its 200-day moving average is $64.23. 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.

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

Air Lease Dividend Announcement

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

Air Lease Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.