Air Lease (NYSE:AL) EVP Sells $317,650.00 in Stock

Key Points

• David Beker, the Executive Vice President of Air Lease Corporation, sold 5,000 shares at an average price of $63.53, resulting in a total transaction value of $317,650, representing a 26.36% decrease in his position.
• The company reported $1.40 earnings per share for the last quarter, exceeding the expected $1.33, with a revenue of $731.70 million, marking a 9.7% year-over-year increase.
• Air Lease recently declared a quarterly $0.22 dividend per share, leading to an annualized payout of $0.88 and a yield of 1.4%.

Air Lease Corporation (NYSE:AL - Get Free Report) EVP David Beker sold 5,000 shares of Air Lease stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $63.53, for a total value of $317,650.00. Following the transaction, the executive vice president owned 13,970 shares in the company, valued at $887,514.10. This trade represents a 26.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

David Beker also recently made the following trade(s):

• On Thursday, August 7th, David Beker sold 2,000 shares of Air Lease stock. The shares were sold at an average price of $55.44, for a total value of $110,880.00.

Air Lease Stock Up 0.1%

Shares of NYSE:AL traded up $0.05 during trading on Friday, hitting $63.60. 2,358,735 shares of the company's stock traded hands, compared to its average volume of 3,060,336. Air Lease Corporation has a 52 week low of $38.25 and a 52 week 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 company has a market cap of $7.11 billion, a price-to-earnings ratio of 7.72, a price-to-earnings-growth ratio of 0.66 and a beta of 1.37. The company has a 50-day moving average price of $59.36 and a 200-day moving average price of $54.17.

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

Air Lease Announces Dividend

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

Institutional Trading of Air Lease

Institutional investors have recently modified their holdings of the stock. Alpine Bank Wealth Management bought a new stake in shares of Air Lease during the 1st quarter valued at $25,000. Brooklyn Investment Group lifted its position in shares of Air Lease by 152.4% during the 1st quarter. Brooklyn Investment Group now owns 588 shares of the transportation company's stock worth $28,000 after buying an additional 355 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Air Lease by 273.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 556 shares of the transportation company's stock worth $33,000 after buying an additional 407 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Air Lease by 88.1% during 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. Finally, Geneos Wealth Management Inc. lifted its position in shares of Air Lease by 264.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 892 shares of the transportation company's stock worth $43,000 after buying an additional 647 shares during the last quarter. 94.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on AL. TD Cowen cut Air Lease from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 3rd. Cowen lowered Air Lease from a "buy" rating to a "hold" rating in a research report on Wednesday, September 3rd. Barclays reaffirmed an "overweight" rating and set a $67.00 price target (up previously from $56.00) on shares of Air Lease in a research report on Thursday, July 10th. Finally, Deutsche Bank Aktiengesellschaft lowered Air Lease from a "buy" rating to a "hold" rating and set a $65.00 price target on the stock. in a research report on Wednesday, September 3rd. Four investment 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, the company has a consensus rating of "Hold" and a consensus target price 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.