Air Lease Corp (NYSE:AL) Insider Steven F. Udvar-Hazy Sells 24,564 Shares

Air Lease Corp (NYSE:AL) insider Steven F. Udvar-Hazy sold 24,564 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $44.25, for a total value of $1,086,957.00. Following the completion of the sale, the insider now owns 952,376 shares of the company’s stock, valued at approximately $42,142,638. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of AL stock traded down $2.42 during trading hours on Friday, reaching $41.52. 1,324,654 shares of the company’s stock were exchanged, compared to its average volume of 725,772. The company has a market cap of $4,513.76, a PE ratio of 11.38 and a beta of 1.70. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.35. Air Lease Corp has a fifty-two week low of $34.42 and a fifty-two week high of $50.70.

Air Lease (NYSE:AL) last issued its quarterly earnings results on Thursday, February 22nd. The transportation company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.19. The business had revenue of $398.47 million for the quarter, compared to the consensus estimate of $380.93 million. Air Lease had a return on equity of 10.91% and a net margin of 49.87%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.48 earnings per share. equities analysts forecast that Air Lease Corp will post 4.34 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 6th. Stockholders of record on Tuesday, March 20th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Monday, March 19th. Air Lease’s payout ratio is presently 10.96%.

Hedge funds have recently modified their holdings of the company. Calton & Associates Inc. acquired a new position in shares of Air Lease during the fourth quarter worth $102,000. Zions Bancorporation acquired a new position in shares of Air Lease during the third quarter worth $114,000. Whittier Trust Co. acquired a new position in shares of Air Lease during the fourth quarter worth $141,000. Comerica Bank acquired a new position in shares of Air Lease during the fourth quarter worth $213,000. Finally, Parametrica Management Ltd acquired a new position in shares of Air Lease in the 4th quarter valued at $225,000. 90.45% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently commented on AL. Zacks Investment Research raised shares of Air Lease from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Tuesday, January 9th. Citigroup began coverage on shares of Air Lease in a research note on Friday, December 8th. They issued a “neutral” rating and a $46.00 price objective for the company. UBS reissued a “sell” rating and issued a $32.00 price objective (up previously from $31.00) on shares of Air Lease in a research note on Wednesday, February 21st. Macquarie began coverage on shares of Air Lease in a research note on Tuesday, March 13th. They issued an “outperform” rating for the company. Finally, Bank of America raised shares of Air Lease from a “neutral” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Friday, March 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Air Lease has a consensus rating of “Buy” and a consensus target price of $52.05.

WARNING: This story was first posted by BBNS and is the property of of BBNS. If you are accessing this story on another publication, it was copied illegally and reposted in violation of international copyright laws. The legal version of this story can be viewed at https://baseballnewssource.com/2018/04/06/steven-f-udvar-hazy-sells-24564-shares-of-air-lease-corp-al-stock/2035976.html.

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)

Receive News & Ratings for Air Lease Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Lease and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Tampa Bay Starting Relievers In Place of Starters
Tampa Bay Starting Relievers In Place of Starters
Teen Juan Soto Hits Home Run in First At-Bat
Teen Juan Soto Hits Home Run in First At-Bat
Ji-Man Choi Receives Another Chance in Milwaukee
Ji-Man Choi Receives Another Chance in Milwaukee
Marlins vs Dodgers sets a 10-year record in MGM sportsbooks
Marlins vs Dodgers sets a 10-year record in MGM sportsbooks
Strikeouts Once Again Plaguing Cubs
Strikeouts Once Again Plaguing Cubs
Atlanta Braves: A Mix of Young and Old
Atlanta Braves: A Mix of Young and Old


Leave a Reply

 
© 2006-2018 BBNS.