Air Lease Corporation $AL Shares Sold by Reinhart Partners LLC.

Key Points

• Reinhart Partners LLC reduced its stake in Air Lease Corporation by 39.0%, selling 690,970 shares during the second quarter, leaving it with 1,082,860 shares or about 0.97% of the company.
• Several institutional investors, including BNP Paribas Financial Markets and Deutsche Bank, have increased their holdings in Air Lease, indicating growing interest in the company's stock among major funds.
• Analysts remain divided on Air Lease, with Citigroup upgrading it to a "buy" rating while others, like TD Cowen and Deutsche Bank, have downgraded it to "hold", reflecting varied market perspectives.

Reinhart Partners LLC. decreased its holdings in Air Lease Corporation (NYSE:AL - Free Report) by 39.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,082,860 shares of the transportation company's stock after selling 690,970 shares during the quarter. Air Lease accounts for about 2.2% of Reinhart Partners LLC.'s holdings, making the stock its 22nd largest holding. Reinhart Partners LLC. owned 0.97% of Air Lease worth $63,337,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Illinois Municipal Retirement Fund grew its position in shares of Air Lease by 0.5% in the first quarter. Illinois Municipal Retirement Fund now owns 56,306 shares of the transportation company's stock valued at $2,720,000 after purchasing an additional 272 shares in the last quarter. Squarepoint Ops LLC lifted its stake in Air Lease by 3.0% during the fourth quarter. Squarepoint Ops LLC now owns 9,564 shares of the transportation company's stock worth $461,000 after purchasing an additional 281 shares in the last quarter. MBM Wealth Consultants LLC lifted its stake in Air Lease by 2.1% during the first quarter. MBM Wealth Consultants LLC now owns 14,131 shares of the transportation company's stock worth $686,000 after purchasing an additional 284 shares in the last quarter. Versant Capital Management Inc lifted its stake in Air Lease by 88.1% during 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 in the last quarter. Finally, Brooklyn Investment Group raised its stake in shares of Air Lease by 152.4% in the first quarter. Brooklyn Investment Group now owns 588 shares of the transportation company's stock valued at $28,000 after acquiring an additional 355 shares in the last quarter. Institutional investors and hedge funds own 94.59% of the company's stock.

Insider Buying and Selling

In other Air Lease news, EVP David Beker sold 5,000 shares of Air Lease stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $63.53, for a total value of $317,650.00. Following the sale, the executive vice president owned 13,970 shares of the company's stock, valued at approximately $887,514.10. The trade was a 26.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Grant A. Levy sold 5,000 shares of Air Lease stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $63.57, for a total value of $317,850.00. Following the completion of the sale, the executive vice president directly owned 141,316 shares in the company, valued at $8,983,458.12. This represents a 3.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,000 shares of company stock worth $746,380 in the last ninety days. 6.64% of the stock is owned by corporate insiders.

Air Lease Stock Performance

Shares of Air Lease stock traded up $0.05 during trading hours on Friday, hitting $63.60. 2,358,735 shares of the company were exchanged, compared to its average volume of 3,060,336. Air Lease Corporation has a 1 year low of $38.25 and a 1 year high of $64.30. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 2.47. The business has a 50-day moving average of $59.36 and a 200-day moving average of $54.22. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of 7.72, a P/E/G ratio of 0.66 and a beta of 1.37.

Air Lease (NYSE:AL - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The transportation company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.33 by $0.07. Air Lease had a return on equity of 7.99% and a net margin of 34.04%.The business had revenue of $731.70 million during the quarter, compared to analysts' expectations of $723.35 million. During the same quarter in the prior year, the business earned $1.23 earnings per share. The company's quarterly revenue was up 9.7% compared to the same quarter last year. As a group, analysts expect that Air Lease Corporation will post 5.16 EPS for the current fiscal year.

Air Lease Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 3rd will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, September 3rd. Air Lease's payout ratio is currently 10.68%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. TD Cowen cut Air Lease from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft cut Air Lease from a "buy" rating to a "hold" rating and set a $65.00 price objective on the stock. in a research note on Wednesday, September 3rd. Cowen cut Air Lease from a "buy" rating to a "hold" rating in a research note on Wednesday, September 3rd. Finally, Barclays restated an "overweight" rating and issued a $67.00 price target (up from $56.00) on shares of Air Lease in a research note on Thursday, July 10th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Air Lease presently has an average rating of "Hold" and a consensus price target of $60.29.

Air Lease Company 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.