Air Lease (NYSE:AL) Reaches New 52-Week High at $52.31

Air Lease Co. (NYSE:AL) hit a new 52-week high on Friday . The company traded as high as $52.31 and last traded at $52.05, with a volume of 49883 shares changing hands. The stock had previously closed at $51.56.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Barclays lifted their target price on Air Lease from $48.00 to $55.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. StockNews.com downgraded Air Lease from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Finally, BMO Capital Markets lifted their price target on Air Lease from $54.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $53.25.

Air Lease Trading Up 0.2 %

The company has a 50 day moving average of $46.63 and a two-hundred day moving average of $41.81. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market capitalization of $5.75 billion, a PE ratio of 10.03, a P/E/G ratio of 0.70 and a beta of 1.65.

Air Lease (NYSE:AL) last announced its earnings results on Thursday, February 15th. The transportation company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.79. Air Lease had a return on equity of 8.87% and a net margin of 22.89%. The firm had revenue of $716.57 million for the quarter, compared to the consensus estimate of $672.95 million. During the same period in the previous year, the business earned $1.21 EPS. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. Sell-side analysts predict that Air Lease Co. will post 5.64 EPS for the current year.

Air Lease Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 15th were paid a dividend of $0.21 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.84 annualized dividend and a yield of 1.63%. Air Lease’s dividend payout ratio (DPR) is 16.31%.

Insider Buying and Selling

In related news, EVP Kishore Korde sold 16,593 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $39.70, for a total transaction of $658,742.10. Following the transaction, the executive vice president now directly owns 112,375 shares in the company, valued at approximately $4,461,287.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Air Lease news, EVP Kishore Korde sold 16,593 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $39.70, for a total transaction of $658,742.10. Following the sale, the executive vice president now owns 112,375 shares in the company, valued at approximately $4,461,287.50. 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 business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $40.27, for a total value of $768,955.65. Following the sale, the chief executive officer now owns 859,153 shares in the company, valued at approximately $34,598,091.31. The disclosure for this sale can be found here. Insiders have sold a total of 89,646 shares of company stock worth $3,705,152 in the last ninety days. 6.64% of the stock is owned by insiders.

Institutional Trading of Air Lease

Large investors have recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new position in shares of Air Lease in the 1st quarter valued at about $31,000. CWM LLC lifted its holdings in shares of Air Lease by 296.1% in the 3rd quarter. CWM LLC now owns 911 shares of the transportation company’s stock valued at $36,000 after buying an additional 681 shares during the period. Neo Ivy Capital Management acquired a new position in shares of Air Lease in the 3rd quarter valued at about $40,000. Quantbot Technologies LP acquired a new position in shares of Air Lease in the 3rd quarter valued at about $48,000. Finally, Hexagon Capital Partners LLC lifted its holdings 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 buying an additional 1,167 shares during the period. Hedge funds and other institutional investors 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.