Jie Chen Sells 4,000 Shares of Air Lease Corp (AL) Stock

Air Lease Corp (NYSE:AL) EVP Jie Chen sold 4,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $47.96, for a total transaction of $191,840.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Jie Chen also recently made the following trade(s):

  • On Wednesday, December 13th, Jie Chen sold 52,000 shares of Air Lease stock. The shares were sold at an average price of $45.00, for a total transaction of $2,340,000.00.
  • On Friday, December 1st, Jie Chen sold 2,000 shares of Air Lease stock. The shares were sold at an average price of $43.30, for a total transaction of $86,600.00.
  • On Wednesday, November 1st, Jie Chen sold 2,000 shares of Air Lease stock. The shares were sold at an average price of $43.82, for a total transaction of $87,640.00.

Shares of Air Lease Corp (NYSE:AL) opened at $47.96 on Friday. Air Lease Corp has a 12-month low of $34.42 and a 12-month high of $48.96. The stock has a market cap of $4,975.14, a PE ratio of 13.74, a P/E/G ratio of 1.26 and a beta of 1.81. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.06 and a current ratio of 1.06.

Air Lease (NYSE:AL) last released its quarterly earnings data on Thursday, November 9th. The transportation company reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.03. Air Lease had a net margin of 25.67% and a return on equity of 10.87%. The firm had revenue of $376.77 million during the quarter, compared to analysts’ expectations of $374.61 million. During the same period last year, the business earned $1.43 earnings per share. Air Lease’s revenue was up 6.1% compared to the same quarter last year. analysts predict that Air Lease Corp will post 3.45 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Thursday, December 14th were given a dividend of $0.10 per share. This is a boost from Air Lease’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.83%. The ex-dividend date was Wednesday, December 13th. Air Lease’s dividend payout ratio (DPR) is presently 11.46%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Israel Discount Bank of New York increased its position in shares of Air Lease by 7.7% during the second quarter. Israel Discount Bank of New York now owns 2,785 shares of the transportation company’s stock valued at $104,000 after acquiring an additional 200 shares during the last quarter. Fiduciary Trust Co. acquired a new stake in shares of Air Lease during the second quarter valued at about $111,000. Zions Bancorporation acquired a new stake in shares of Air Lease during the third quarter valued at about $114,000. QS Investors LLC increased its position in shares of Air Lease by 0.6% during the second quarter. QS Investors LLC now owns 3,464 shares of the transportation company’s stock valued at $129,000 after acquiring an additional 21 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Air Lease by 10.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,599 shares of the transportation company’s stock valued at $134,000 after acquiring an additional 331 shares during the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Several equities analysts have issued reports on the stock. ValuEngine downgraded shares of Air Lease from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Citigroup assumed coverage on shares of Air Lease in a report on Friday, December 8th. They set a “neutral” rating and a $46.00 price objective on the stock. Royal Bank of Canada reaffirmed a “buy” rating and set a $80.00 price objective on shares of Air Lease in a report on Thursday, November 2nd. Bank of America set a $47.00 price target on shares of Air Lease and gave the stock a “hold” rating in a research note on Thursday, October 19th. Finally, Credit Suisse Group raised their price target on shares of Air Lease from $44.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $48.78.

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Air Lease 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 (NYSE:AL)

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