8,329 Shares in Air Lease Corporation $AL Purchased by Brighton Jones LLC

Brighton Jones LLC acquired a new position in shares of Air Lease Corporation (NYSE:AL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,329 shares of the transportation company’s stock, valued at approximately $530,000.

A number of other large investors also recently added to or reduced their stakes in AL. KLP Kapitalforvaltning AS grew its holdings in shares of Air Lease by 7.4% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 21,900 shares of the transportation company’s stock valued at $1,285,000 after buying an additional 1,500 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Air Lease by 7.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,619,226 shares of the transportation company’s stock worth $211,797,000 after buying an additional 265,423 shares during the period. Hsbc Holdings PLC bought a new position in Air Lease during the first quarter worth about $987,000. Royal Bank of Canada lifted its holdings in Air Lease by 8.3% during the first quarter. Royal Bank of Canada now owns 353,072 shares of the transportation company’s stock worth $17,057,000 after acquiring an additional 27,065 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Air Lease by 7.5% in the first quarter. AQR Capital Management LLC now owns 138,567 shares of the transportation company’s stock valued at $6,499,000 after acquiring an additional 9,724 shares during the period. 94.59% of the stock is currently owned by institutional investors and hedge funds.

Air Lease Price Performance

NYSE AL opened at $64.25 on Friday. The firm’s 50 day moving average is $63.90 and its 200-day moving average is $61.26. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 2.42. The company has a market capitalization of $7.18 billion, a PE ratio of 7.44 and a beta of 1.19. Air Lease Corporation has a 12-month low of $38.25 and a 12-month high of $64.40.

Air Lease (NYSE:AL) last announced its earnings results on Monday, November 3rd. The transportation company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.16 by $0.13. Air Lease had a net margin of 35.08% and a return on equity of 7.84%. The business had revenue of $725.39 million during the quarter, compared to analysts’ expectations of $744.59 million. During the same quarter in the prior year, the company posted $0.82 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis. Equities research analysts anticipate that Air Lease Corporation will post 5.16 earnings per share for the current fiscal year.

Air Lease Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 4th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, December 4th. Air Lease’s dividend payout ratio is presently 10.20%.

Insider Buying and Selling

In other Air Lease news, EVP Kishore Korde sold 30,160 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $63.90, for a total value of $1,927,224.00. Following the completion of the transaction, the executive vice president directly owned 79,263 shares in the company, valued at $5,064,905.70. This trade represents a 27.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John L. Plueger sold 155,821 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $64.03, for a total value of $9,977,218.63. Following the transaction, the chief executive officer directly owned 725,941 shares in the company, valued at $46,482,002.23. This trade represents a 17.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 760,593 shares of company stock valued at $48,668,588. 6.64% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

AL has been the topic of several recent analyst reports. TD Cowen cut Air Lease from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. Zacks Research lowered shares of Air Lease from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 5th. Cowen cut shares of Air Lease from a “buy” rating to a “hold” rating in a report on Wednesday, September 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Air Lease in a report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Air Lease from a “buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a research report on Wednesday, September 3rd. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $59.50.

Air Lease Profile

Air Lease Corporation (NYSE: AL) is a leading aircraft leasing company that acquires commercial jet aircraft and leases them to airlines worldwide. The firm’s core business activities include direct aircraft acquisition, lease management and portfolio remarketing. By structuring sale‐and‐leaseback transactions, operating leases and secured loans, Air Lease provides flexible financing solutions that enable carriers to modernize their fleets without committing large amounts of capital to ownership.

Founded in 2010 and headquartered in Los Angeles, Air Lease Corporation serves a diverse customer base spanning North America, Europe, Asia, Latin America and the Middle East.