Air Lease Corporation (NYSE:AL) EVP Alex A. Khatibi sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $40.00, for a total transaction of $440,000.00. Following the completion of the sale, the executive vice president now owns 142,786 shares of the company’s stock, valued at $5,711,440. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Air Lease Corporation (NYSE AL) traded down 0.50% during midday trading on Wednesday, reaching $39.92. 421,415 shares of the company were exchanged. The firm has a market capitalization of $4.12 billion, a PE ratio of 11.62 and a beta of 1.77. The company has a 50-day moving average of $40.01 and a 200 day moving average of $38.43. Air Lease Corporation has a 52 week low of $27.05 and a 52 week high of $43.39.

Air Lease Corporation (NYSE:AL) last released its quarterly earnings data on Thursday, August 3rd. The transportation company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.08. The firm had revenue of $380.59 million during the quarter, compared to the consensus estimate of $375.14 million. Air Lease Corporation had a return on equity of 10.99% and a net margin of 25.64%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.39 earnings per share. Equities analysts predict that Air Lease Corporation will post $3.45 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Wednesday, September 13th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.30 annualized dividend and a dividend yield of 0.75%. Air Lease Corporation’s payout ratio is currently 8.70%.

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A number of equities research analysts have recently weighed in on the stock. Bank of America Corporation lowered shares of Air Lease Corporation from a “buy” rating to a “neutral” rating and set a $44.00 price objective for the company. in a report on Wednesday, August 9th. BidaskClub lowered shares of Air Lease Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 11th. ValuEngine upgraded shares of Air Lease Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 10th. Zacks Investment Research upgraded shares of Air Lease Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 10th. Finally, Cowen and Company boosted their price objective on shares of Air Lease Corporation from $41.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $45.25.

Several hedge funds have recently added to or reduced their stakes in the stock. Artisan Partners Limited Partnership raised its holdings in shares of Air Lease Corporation by 1.7% in the first quarter. Artisan Partners Limited Partnership now owns 9,059,266 shares of the transportation company’s stock valued at $351,047,000 after acquiring an additional 154,423 shares in the last quarter. Boston Partners raised its holdings in shares of Air Lease Corporation by 70.7% in the second quarter. Boston Partners now owns 8,494,727 shares of the transportation company’s stock valued at $317,363,000 after acquiring an additional 3,519,693 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Air Lease Corporation by 1.3% in the second quarter. Vanguard Group Inc. now owns 7,550,212 shares of the transportation company’s stock valued at $282,076,000 after acquiring an additional 95,981 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Air Lease Corporation by 4.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,591,941 shares of the transportation company’s stock valued at $177,938,000 after acquiring an additional 197,806 shares in the last quarter. Finally, Capital Research Global Investors raised its holdings in shares of Air Lease Corporation by 3.3% in the second quarter. Capital Research Global Investors now owns 4,208,000 shares of the transportation company’s stock valued at $157,211,000 after acquiring an additional 136,000 shares in the last quarter. Hedge funds and other institutional investors own 92.19% of the company’s stock.

Air Lease Corporation Company Profile

Air Lease Corporation is an aircraft leasing company. The Company is principally engaged in purchasing new commercial jet transport aircraft directly from aircraft manufacturers, such as The Boeing Company (Boeing) and Airbus SAS. (Airbus), and leasing those aircraft to airlines across the world. Along with its leasing activities, the Company sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies and airlines.

Insider Buying and Selling by Quarter for Air Lease Corporation (NYSE:AL)

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