Free Trial

University of Texas Texas AM Investment Management Co. Sells 80,028 Shares of Air Lease Corporation (NYSE:AL)

Air Lease logo with Transportation background

Key Points

  • The University of Texas Texas AM Investment Management Co. reduced its holdings in Air Lease Corporation by 55.9%, selling 80,028 shares and retaining a total of 63,069 shares valued at approximately $3,047,000.
  • Air Lease reported a quarterly earnings per share of $1.51, exceeding estimates by $0.27, and its revenue increased by 11.3% year-over-year, reaching $738.28 million.
  • The company declared a quarterly dividend of $0.22 per share, yielding 1.51%, with an annualized payout of $0.88.
  • MarketBeat previews the top five stocks to own by September 1st.
  • Limited Time Offer: Unlock powerful research tools, advanced financial data, and expert insights to help you invest with confidence. Save 50% when you upgrade to MarketBeat All Access during the month of July. Claim your discount here.

University of Texas Texas AM Investment Management Co. lessened its stake in Air Lease Corporation (NYSE:AL - Free Report) by 55.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 63,069 shares of the transportation company's stock after selling 80,028 shares during the period. University of Texas Texas AM Investment Management Co. owned about 0.06% of Air Lease worth $3,047,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. LPL Financial LLC boosted its stake in Air Lease by 11.3% during the first quarter. LPL Financial LLC now owns 45,244 shares of the transportation company's stock worth $2,186,000 after acquiring an additional 4,601 shares in the last quarter. Neo Ivy Capital Management bought a new stake in Air Lease in the 1st quarter worth about $1,347,000. Cetera Investment Advisers grew its position in Air Lease by 31.3% in the 1st quarter. Cetera Investment Advisers now owns 19,831 shares of the transportation company's stock worth $958,000 after purchasing an additional 4,725 shares in the last quarter. Journey Strategic Wealth LLC bought a new position in shares of Air Lease in the first quarter valued at approximately $277,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Air Lease in the 1st quarter valued at $3,607,000. 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 stock in a transaction on 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 owned 146,316 shares in the company, valued at approximately $8,318,064.60. This represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 6.64% of the company's stock.

Analyst Ratings Changes

AL has been the subject of several research reports. Citigroup raised Air Lease from a "neutral" rating to a "buy" rating and increased their price objective for the company from $45.00 to $68.00 in a report on Tuesday, May 20th. Barclays reissued an "overweight" rating and set a $67.00 price objective (up previously from $56.00) on shares of Air Lease in a research note on Thursday, July 10th. Finally, Wall Street Zen upgraded shares of Air Lease from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $59.50.

View Our Latest Research Report on AL

Air Lease Trading Down 1.1%

Shares of NYSE AL traded down $0.61 during midday trading on Thursday, reaching $55.53. The company had a trading volume of 370,535 shares, compared to its average volume of 840,447. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 2.53. Air Lease Corporation has a one year low of $38.25 and a one year high of $60.41. The firm's fifty day moving average price is $57.70 and its 200-day moving average price is $50.83. The stock has a market cap of $6.21 billion, a PE ratio of 9.71, a price-to-earnings-growth ratio of 0.62 and a beta of 1.35.

Air Lease (NYSE:AL - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The transportation company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.24 by $0.27. The firm had revenue of $738.28 million during the quarter, compared to the consensus estimate of $709.70 million. Air Lease had a net margin of 24.77% and a return on equity of 8.04%. The company's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 earnings per share. On average, equities research analysts anticipate that Air Lease Corporation will post 5.16 earnings per share for the current year.

Air Lease Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 4th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date was Wednesday, June 4th. Air Lease's payout ratio is currently 15.38%.

Air Lease Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Air Lease (NYSE:AL)

Should You Invest $1,000 in Air Lease Right Now?

Before you consider Air Lease, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Air Lease wasn't on the list.

While Air Lease currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Options Trading Made Easy - Download Now Cover

Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

5 Stocks to BUY NOW in August 2025
The $2.5B Merger No One Is Talking About
ALERT: Big Tech Earnings – Watch Before Wednesday

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines