Air Lease (NYSE:AL) PT Raised to $55.00 at Barclays

Air Lease (NYSE:AL) had its price objective hoisted by Barclays from $48.00 to $55.00 in a research report report published on Tuesday, Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

Several other equities analysts also recently commented on AL. StockNews.com downgraded Air Lease from a buy rating to a hold rating in a research report on Friday, March 29th. BMO Capital Markets increased their target price on Air Lease from $54.00 to $55.00 and gave the company an outperform rating in a research report on Tuesday, February 20th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $53.25.

Air Lease Stock Up 0.6 %

AL stock opened at $49.03 on Tuesday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 2.68. The firm has a market capitalization of $5.46 billion, a PE ratio of 9.52, a PEG ratio of 0.67 and a beta of 1.65. Air Lease has a 1-year low of $33.33 and a 1-year high of $51.77. The business’s 50 day simple moving average is $45.73 and its 200 day simple moving average is $41.33.

Air Lease (NYSE:AL) last issued its quarterly earnings data on Thursday, February 15th. The transportation company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.79. The firm had revenue of $716.57 million for the quarter, compared to analyst estimates of $672.95 million. Air Lease had a return on equity of 8.87% and a net margin of 22.89%. The company’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.21 EPS. As a group, research analysts anticipate that Air Lease will post 5.64 EPS for the current year.

Air Lease Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 15th were issued a $0.21 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.71%. Air Lease’s dividend payout ratio is presently 16.31%.

Insider Activity

In related news, EVP Alex A. Khatibi sold 11,199 shares of Air Lease stock in a transaction on Friday, March 15th. The stock was sold at an average price of $47.37, for a total transaction of $530,496.63. Following the sale, the executive vice president now directly owns 76,300 shares in the company, valued at $3,614,331. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Air Lease news, CEO John L. Plueger sold 28,515 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $40.06, for a total value of $1,142,310.90. Following the sale, the chief executive officer now directly owns 808,842 shares in the company, valued at $32,402,210.52. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Alex A. Khatibi sold 11,199 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $47.37, for a total value of $530,496.63. Following the completion of the sale, the executive vice president now owns 76,300 shares in the company, valued at $3,614,331. The disclosure for this sale can be found here. Insiders have sold 89,646 shares of company stock worth $3,705,152 over the last 90 days. 6.64% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Air Lease

Several hedge funds have recently made changes to their positions in the stock. Jump Financial LLC purchased a new stake in Air Lease during the third quarter valued at about $1,256,000. Natixis Advisors L.P. raised its position in Air Lease by 0.6% during the third quarter. Natixis Advisors L.P. now owns 186,241 shares of the transportation company’s stock valued at $7,340,000 after purchasing an additional 1,049 shares in the last quarter. Ellis Investment Partners LLC raised its position in Air Lease by 1.7% during the fourth quarter. Ellis Investment Partners LLC now owns 72,256 shares of the transportation company’s stock valued at $3,030,000 after purchasing an additional 1,209 shares in the last quarter. Reinhart Partners LLC. raised its position in Air Lease by 11.4% during the fourth quarter. Reinhart Partners LLC. now owns 1,402,282 shares of the transportation company’s stock valued at $58,812,000 after purchasing an additional 144,042 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Air Lease by 47.6% during the third quarter. Envestnet Asset Management Inc. now owns 938,826 shares of the transportation company’s stock valued at $36,999,000 after purchasing an additional 302,576 shares in the last quarter. 94.59% of the stock is currently owned by hedge funds and other institutional investors.

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.