Air Lease (NYSE:AL) PT Lowered to $56.00 at TD Cowen

Air Lease (NYSE:AL) had its target price cut by TD Cowen from $59.00 to $56.00 in a research report released on Tuesday morning, MarketBeat.com reports. They currently have a buy rating on the transportation company’s stock.

Other analysts have also recently issued research reports about the stock. Barclays raised their target price on shares of Air Lease from $48.00 to $55.00 and gave the company an overweight rating in a report on Tuesday, April 16th. StockNews.com cut Air Lease from a buy rating to a hold rating in a research note on Friday, March 29th. Finally, BMO Capital Markets upped their price objective on shares of Air Lease from $54.00 to $55.00 and gave the stock an outperform rating in a research report on Tuesday, February 20th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $53.80.

Air Lease Trading Up 1.7 %

NYSE AL opened at $49.78 on Tuesday. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.40 and a quick ratio of 0.40. The company has a fifty day moving average of $48.47 and a 200 day moving average of $42.71. Air Lease has a 1 year low of $33.33 and a 1 year high of $52.31. The company has a market capitalization of $5.54 billion, a PE ratio of 9.67, a P/E/G ratio of 0.64 and a beta of 1.63.

Air Lease (NYSE:AL) last issued its quarterly earnings results on Monday, May 6th. The transportation company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.07). The firm had revenue of $663.31 million for the quarter, compared to analysts’ expectations of $677.26 million. Air Lease had a return on equity of 8.87% and a net margin of 22.89%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.06 earnings per share. Research analysts forecast that Air Lease will post 6.22 earnings per share for the current year.

Air Lease Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Tuesday, June 4th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $0.84 dividend on an annualized basis and a yield of 1.69%. Air Lease’s dividend payout ratio (DPR) is 16.31%.

Insider Buying and Selling at Air Lease

In related news, EVP Alex A. Khatibi sold 11,199 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $47.37, for a total value of $530,496.63. Following the completion of the transaction, the executive vice president now owns 76,300 shares in the company, valued at approximately $3,614,331. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Alex A. Khatibi sold 11,199 shares of Air Lease 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 of the company’s stock, valued at approximately $3,614,331. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO John L. Plueger sold 19,095 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $40.27, for a total transaction of $768,955.65. Following the sale, the chief executive officer now directly owns 859,153 shares of the company’s stock, valued at $34,598,091.31. The disclosure for this sale can be found here. Insiders sold a total of 89,646 shares of company stock worth $3,705,152 over the last 90 days. Insiders own 6.64% of the company’s stock.

Hedge Funds Weigh In On Air Lease

Institutional investors and hedge funds have recently bought and sold shares of the business. Mather Group LLC. acquired a new stake in Air Lease during the first quarter worth approximately $31,000. Neo Ivy Capital Management purchased a new position in shares of Air Lease during the third quarter valued at approximately $40,000. Quantbot Technologies LP purchased a new position in Air Lease in the third quarter valued at approximately $48,000. Hexagon Capital Partners LLC boosted its stake in shares of Air Lease by 1,341.4% in the 4th quarter. Hexagon Capital Partners LLC now owns 1,254 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 1,167 shares in the last quarter. Finally, Principal Securities Inc. purchased a new position in Air Lease during the 4th quarter valued at about $77,000. Institutional investors and hedge funds own 94.59% of the company’s stock.

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.