Air Lease Corp (NYSE:AL) EVP Marc H. Baer sold 3,000 shares of the business’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $44.29, for a total transaction of $132,870.00. Following the completion of the transaction, the executive vice president now directly owns 140,791 shares of the company’s stock, valued at approximately $6,235,633.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Air Lease Corp (NYSE AL) opened at $43.88 on Friday. The firm has a market cap of $4,546.93, a price-to-earnings ratio of 11.99, a P/E/G ratio of 0.67 and a beta of 1.74. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.00 and a quick ratio of 1.00. Air Lease Corp has a one year low of $34.42 and a one year high of $50.70.
Air Lease (NYSE:AL) last announced its earnings results on Thursday, February 22nd. The transportation company reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.19. Air Lease had a net margin of 49.87% and a return on equity of 10.91%. The firm had revenue of $398.47 million during the quarter, compared to analyst estimates of $380.93 million. During the same period in the prior year, the business earned $1.48 EPS. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. analysts predict that Air Lease Corp will post 4.63 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of the company. Xact Kapitalforvaltning AB acquired a new position in shares of Air Lease during the 4th quarter worth about $455,000. Jane Street Group LLC boosted its stake in shares of Air Lease by 77.2% during the 4th quarter. Jane Street Group LLC now owns 57,829 shares of the transportation company’s stock worth $2,781,000 after buying an additional 25,203 shares during the last quarter. Paloma Partners Management Co acquired a new position in shares of Air Lease during the 4th quarter worth about $280,000. Two Sigma Investments LP boosted its stake in shares of Air Lease by 196.4% during the 4th quarter. Two Sigma Investments LP now owns 278,917 shares of the transportation company’s stock worth $13,413,000 after buying an additional 184,821 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its stake in shares of Air Lease by 5.5% during the 4th quarter. Two Sigma Advisers LP now owns 58,111 shares of the transportation company’s stock worth $2,795,000 after buying an additional 3,055 shares during the last quarter. Institutional investors own 89.32% of the company’s stock.
Several equities analysts have recently issued reports on the stock. Citigroup boosted their price target on shares of Air Lease from $46.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. UBS Group reaffirmed a “sell” rating and issued a $32.00 target price (up from $31.00) on shares of Air Lease in a research note on Wednesday, February 21st. Zacks Investment Research raised shares of Air Lease from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. ValuEngine lowered shares of Air Lease from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, JPMorgan Chase & Co. upped their target price on shares of Air Lease from $48.00 to $54.50 and gave the stock an “overweight” rating in a research note on Tuesday, March 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $52.05.
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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.
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