Natixis Advisors LLC Sells 7,315 Shares of Air Lease Corporation (NYSE:AL)

Natixis Advisors LLC trimmed its position in Air Lease Corporation (NYSE:AL - Free Report) by 4.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 166,425 shares of the transportation company's stock after selling 7,315 shares during the quarter. Natixis Advisors LLC owned about 0.15% of Air Lease worth $8,040,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Alpine Bank Wealth Management bought a new stake in shares of Air Lease in the first quarter worth about $25,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Air Lease in the fourth quarter worth about $28,000. Versant Capital Management Inc increased its holdings in shares of Air Lease by 88.1% in the first quarter. Versant Capital Management Inc now owns 743 shares of the transportation company's stock worth $36,000 after purchasing an additional 348 shares during the last quarter. Engine Capital Management LP bought a new stake in shares of Air Lease in the fourth quarter worth about $36,000. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of Air Lease in the fourth quarter worth about $52,000. 94.59% of the stock is owned by institutional investors.

Insider Activity

In other Air Lease news, EVP Grant A. Levy sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $56.85, for a total transaction of $568,500.00. Following the completion of the transaction, the executive vice president owned 146,316 shares in the company, valued at $8,318,064.60. The trade was a 6.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.64% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AL shares. Citigroup raised Air Lease from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $45.00 to $68.00 in a report on Tuesday, May 20th. Barclays reiterated an "overweight" rating and issued a $67.00 price target (up previously from $56.00) on shares of Air Lease in a research report on Thursday, July 10th. Finally, Wall Street Zen upgraded Air Lease from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $59.50.

Air Lease Trading Up 1.4%

AL opened at $55.12 on Tuesday. The firm has a market cap of $6.16 billion, a P/E ratio of 9.64, a P/E/G ratio of 0.59 and a beta of 1.41. Air Lease Corporation has a 12 month low of $38.25 and a 12 month high of $60.41. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 2.53. The stock has a 50-day moving average of $57.57 and a 200 day moving average of $51.11.

Air Lease (NYSE:AL - Get Free Report) last announced its earnings results on Monday, May 5th. The transportation company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.27. Air Lease had a return on equity of 8.04% and a net margin of 24.77%. The business had revenue of $738.28 million during the quarter, compared to analyst estimates of $709.70 million. During the same quarter in the previous year, the business earned $0.87 earnings per share. The company's revenue for the quarter was up 11.3% 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 announced a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 3rd will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.6%. Air Lease's dividend payout ratio (DPR) is presently 15.38%.

Air Lease Profile

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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