Cwm LLC Buys 1,642 Shares of Air Lease Corporation $AL

Cwm LLC boosted its stake in Air Lease Corporation (NYSE:AL) by 83.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,616 shares of the transportation company’s stock after acquiring an additional 1,642 shares during the period. Cwm LLC’s holdings in Air Lease were worth $211,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Trust Co. of Toledo NA OH bought a new stake in Air Lease in the second quarter worth about $164,000. Maryland State Retirement & Pension System increased its stake in shares of Air Lease by 0.9% in the second quarter. Maryland State Retirement & Pension System now owns 35,419 shares of the transportation company’s stock worth $2,072,000 after purchasing an additional 319 shares in the last quarter. Gagnon Securities LLC increased its stake in shares of Air Lease by 0.7% in the second quarter. Gagnon Securities LLC now owns 736,437 shares of the transportation company’s stock worth $43,074,000 after purchasing an additional 5,354 shares in the last quarter. KLP Kapitalforvaltning AS increased its stake in shares of Air Lease by 7.4% in the second quarter. KLP Kapitalforvaltning AS now owns 21,900 shares of the transportation company’s stock worth $1,285,000 after purchasing an additional 1,500 shares in the last quarter. Finally, QRG Capital Management Inc. increased its stake in shares of Air Lease by 123.6% in the second quarter. QRG Capital Management Inc. now owns 16,718 shares of the transportation company’s stock worth $978,000 after purchasing an additional 9,241 shares in the last quarter. Institutional investors own 94.59% of the company’s stock.

Air Lease Price Performance

Shares of NYSE:AL opened at $63.61 on Wednesday. The company has a 50 day moving average of $62.92 and a 200 day moving average of $57.66. The stock has a market cap of $7.11 billion, a P/E ratio of 7.72, a P/E/G ratio of 0.66 and a beta of 1.37. Air Lease Corporation has a 12 month low of $38.25 and a 12 month high of $64.30. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 2.47.

Air Lease (NYSE:AL) last issued its quarterly earnings data on Monday, August 4th. The transportation company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.33 by $0.07. The company had revenue of $731.70 million during the quarter, compared to analysts’ expectations of $723.35 million. Air Lease had a net margin of 34.04% and a return on equity of 7.99%. Air Lease’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.23 earnings per share. As a group, sell-side analysts forecast that Air Lease Corporation will post 5.16 EPS for the current fiscal year.

Insider Activity at Air Lease

In related news, EVP Grant A. Levy sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $63.57, for a total transaction of $317,850.00. Following the completion of the transaction, the executive vice president owned 141,316 shares of the company’s stock, valued at approximately $8,983,458.12. The trade was a 3.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Beker sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $63.53, for a total transaction of $317,650.00. Following the completion of the transaction, the executive vice president directly owned 13,970 shares of the company’s stock, valued at approximately $887,514.10. This represents a 26.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 12,000 shares of company stock valued at $746,380. 6.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AL. Barclays reiterated an “overweight” rating and issued a $67.00 target price (up previously from $56.00) on shares of Air Lease in a research note on Thursday, July 10th. Deutsche Bank Aktiengesellschaft downgraded shares of Air Lease from a “buy” rating to a “hold” rating and set a $65.00 target price for the company. in a research note on Wednesday, September 3rd. TD Cowen downgraded shares of Air Lease from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Air Lease in a research note on Wednesday, October 8th. Finally, Cowen downgraded shares of Air Lease from a “buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $60.29.

Air Lease 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.