Marathon Asset Management Ltd Sells 10,383 Shares of Air Lease Corporation (NYSE:AL)

Marathon Asset Management Ltd decreased its holdings in Air Lease Corporation (NYSE:AL - Free Report) by 3.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 305,474 shares of the transportation company's stock after selling 10,383 shares during the period. Marathon Asset Management Ltd owned about 0.27% of Air Lease worth $14,823,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Alpine Bank Wealth Management bought a new stake in shares of Air Lease in the 1st quarter worth $25,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Air Lease in the 4th quarter worth $28,000. SBI Securities Co. Ltd. purchased a new position in shares of Air Lease in the 4th quarter worth $31,000. Engine Capital Management LP purchased a new position in shares of Air Lease in the 4th quarter worth $36,000. Finally, Versant Capital Management Inc boosted its stake in shares of Air Lease by 88.1% in the 1st quarter. Versant Capital Management Inc now owns 743 shares of the transportation company's stock worth $36,000 after buying an additional 348 shares during the last quarter. Institutional investors own 94.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on AL shares. Citigroup upgraded Air Lease from a "neutral" rating to a "buy" rating and raised their price target for the stock from $45.00 to $68.00 in a research note on Tuesday, May 20th. Bank of America downgraded Air Lease from a "buy" rating to an "underperform" rating and dropped their price target for the stock from $72.00 to $50.00 in a research note on Friday, March 7th. UBS Group set a $50.00 price target on Air Lease in a research note on Friday, March 7th. Finally, Wall Street Zen upgraded Air Lease from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $57.43.

Air Lease Price Performance

NYSE AL opened at $58.70 on Friday. The company has a market capitalization of $6.56 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 0.63 and a beta of 1.36. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.39 and a current ratio of 0.39. The business's fifty day moving average is $54.37 and its 200 day moving average is $49.29. Air Lease Corporation has a fifty-two week low of $38.25 and a fifty-two week high of $59.27.

Air Lease (NYSE:AL - Get Free Report) last released its earnings results on Monday, May 5th. The transportation company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.27. The company had revenue of $738.28 million for the quarter, compared to the consensus estimate of $709.70 million. Air Lease had a return on equity of 8.04% and a net margin of 24.77%. Air Lease's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.87 earnings per share. Sell-side analysts predict that Air Lease Corporation will post 5.16 earnings per share for the current year.

Air Lease Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 4th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Wednesday, June 4th. Air Lease's dividend payout ratio (DPR) is 15.38%.

Insider Transactions at Air Lease

In other news, EVP Grant A. Levy sold 10,000 shares of the company's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $56.85, for a total value of $568,500.00. Following the completion of the transaction, the executive vice president now owns 146,316 shares of the company's stock, valued at $8,318,064.60. This represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 6.64% of the company's stock.

About Air Lease

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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