Air Lease Corporation $AL Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC lowered its stake in Air Lease Corporation (NYSE:AL) by 27.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,142,171 shares of the transportation company’s stock after selling 440,554 shares during the quarter. Air Lease comprises about 1.5% of Copeland Capital Management LLC’s portfolio, making the stock its 11th biggest holding. Copeland Capital Management LLC owned about 1.02% of Air Lease worth $72,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Archer Investment Corp raised its stake in shares of Air Lease by 6.6% in the 2nd quarter. Archer Investment Corp now owns 3,250 shares of the transportation company’s stock valued at $190,000 after acquiring an additional 200 shares during the period. Public Employees Retirement System of Ohio increased its holdings in Air Lease by 0.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 34,793 shares of the transportation company’s stock valued at $2,035,000 after purchasing an additional 234 shares during the last quarter. Yousif Capital Management LLC raised its position in Air Lease by 0.7% in the second quarter. Yousif Capital Management LLC now owns 41,004 shares of the transportation company’s stock valued at $2,398,000 after purchasing an additional 273 shares during the period. Ellevest Inc. lifted its stake in Air Lease by 4.2% during the second quarter. Ellevest Inc. now owns 7,064 shares of the transportation company’s stock worth $413,000 after purchasing an additional 284 shares in the last quarter. Finally, Maryland State Retirement & Pension System boosted its position in shares of Air Lease by 0.9% during the second quarter. Maryland State Retirement & Pension System now owns 35,419 shares of the transportation company’s stock worth $2,072,000 after buying an additional 319 shares during the period. Hedge funds and other institutional investors own 94.59% of the company’s stock.

Air Lease Stock Performance

Shares of Air Lease stock opened at $64.14 on Tuesday. The business has a 50-day simple moving average of $63.91 and a 200-day simple moving average of $61.36. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.43 and a current ratio of 0.43. Air Lease Corporation has a one year low of $38.25 and a one year high of $64.40. The company has a market cap of $7.17 billion, a PE ratio of 7.43 and a beta of 1.19.

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

Air Lease Dividend Announcement

The firm 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 $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, December 4th. Air Lease’s dividend payout ratio is 10.20%.

Insider Buying and Selling at Air Lease

In other news, EVP Grant A. Levy sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $64.30, for a total transaction of $64,300.00. Following the sale, the executive vice president owned 137,206 shares of the company’s stock, valued at approximately $8,822,345.80. This trade represents a 0.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven F. Udvar-Hazy sold 19,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $64.12, for a total value of $1,218,280.00. Following the sale, the director owned 1,391,366 shares of the company’s stock, valued at approximately $89,214,387.92. The trade was a 1.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 760,593 shares of company stock worth $48,668,588 over the last ninety days. Corporate insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

AL has been the topic of several research analyst reports. TD Cowen downgraded 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 research report on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft lowered 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 note on Wednesday, September 3rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Air Lease in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Air Lease presently has a consensus 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.