Stanley Laman Group Ltd. Sells 24,527 Shares of Air Lease Corporation $AL

Stanley Laman Group Ltd. lowered its position in Air Lease Corporation (NYSE:AL) by 29.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,917 shares of the transportation company’s stock after selling 24,527 shares during the period. Stanley Laman Group Ltd. owned about 0.05% of Air Lease worth $3,686,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in AL. Archer Investment Corp lifted its position in shares of Air Lease by 6.6% during the 2nd quarter. Archer Investment Corp now owns 3,250 shares of the transportation company’s stock worth $190,000 after buying an additional 200 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of 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 worth $2,035,000 after buying an additional 234 shares during the last quarter. Yousif Capital Management LLC lifted its stake 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 last quarter. Ellevest Inc. increased its holdings in Air Lease by 4.2% in the 2nd quarter. Ellevest Inc. now owns 7,064 shares of the transportation company’s stock worth $413,000 after acquiring an additional 284 shares during the last quarter. Finally, Maryland State Retirement & Pension System boosted its position in 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 purchasing an additional 319 shares during the period. 94.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on AL shares. Zacks Research downgraded Air Lease from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Air Lease in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $59.50.

Air Lease Price Performance

AL stock opened at $64.13 on Monday. The firm’s fifty day moving average is $63.96 and its 200 day moving average is $61.58. 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 52 week low of $38.25 and a 52 week high of $64.40. The firm has a market cap of $7.17 billion, a P/E ratio of 7.43, a P/E/G ratio of 0.56 and a beta of 1.15.

Air Lease (NYSE:AL) last posted its quarterly earnings results on Monday, November 3rd. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.13. Air Lease had a return on equity of 7.84% and a net margin of 35.08%.The business had revenue of $725.39 million for the quarter, compared to analyst estimates of $744.59 million. During the same period last year, the company earned $0.82 EPS. Air Lease’s revenue for the quarter was up 5.1% compared to the same quarter last year. Research analysts predict that Air Lease Corporation will post 5.16 earnings per share for the current year.

Air Lease Announces Dividend

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

Insider Activity at Air Lease

In other Air Lease news, Director Steven F. Udvar-Hazy sold 19,000 shares of Air Lease stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $64.12, for a total transaction of $1,218,280.00. Following the sale, the director directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kishore Korde sold 20,662 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $64.10, for a total value of $1,324,434.20. Following the completion of the transaction, the executive vice president directly owned 50,091 shares of the company’s stock, valued at $3,210,833.10. This represents a 29.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 760,593 shares of company stock worth $48,668,588 over the last quarter. Corporate insiders own 6.80% of the company’s stock.

About Air Lease

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.