52,396 Shares in Air Lease Corporation $AL Purchased by DLD Asset Management LP

DLD Asset Management LP purchased a new stake in shares of Air Lease Corporation (NYSE:AL) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 52,396 shares of the transportation company’s stock, valued at approximately $3,335,000.

Other hedge funds have also modified their holdings of the company. Mather Group LLC. bought a new position in shares of Air Lease during the 3rd quarter valued at approximately $29,000. True Wealth Design LLC increased its position in Air Lease by 2,980.0% in the third quarter. True Wealth Design LLC now owns 462 shares of the transportation company’s stock worth $29,000 after purchasing an additional 447 shares during the last quarter. First Horizon Corp purchased a new stake in Air Lease during the third quarter valued at $31,000. Nisa Investment Advisors LLC raised its stake in Air Lease by 129.6% during the third quarter. Nisa Investment Advisors LLC now owns 528 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 298 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its position in Air Lease by 75.0% during the third quarter. Hantz Financial Services Inc. now owns 546 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 234 shares during the last quarter. 94.59% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Air Lease news, Director Steven F. Udvar-Hazy sold 48,632 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $64.18, for a total value of $3,121,201.76. Following the completion of the sale, the director owned 14,050 shares of the company’s stock, valued at $901,729. This trade represents a 77.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Grant A. Levy sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $64.30, for a total value of $64,300.00. Following the transaction, the executive vice president owned 137,206 shares of the company’s stock, valued at $8,822,345.80. This trade represents a 0.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 483,125 shares of company stock valued at $30,937,868 in the last ninety days. 6.80% of the stock is owned by company insiders.

Air Lease Stock Down 0.1%

Shares of AL opened at $64.52 on Monday. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 2.33. The business has a fifty day moving average of $64.51 and a 200 day moving average of $63.83. The company has a market cap of $7.23 billion, a PE ratio of 6.93, a P/E/G ratio of 0.53 and a beta of 1.11. Air Lease Corporation has a 52-week low of $38.25 and a 52-week high of $64.96.

Air Lease (NYSE:AL) last posted its quarterly earnings data on Thursday, February 12th. The transportation company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.74. The business had revenue of $679.54 million for the quarter, compared to analysts’ expectations of $782.67 million. Air Lease had a net margin of 35.72% and a return on equity of 8.54%. The business’s revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.83 earnings per share. On average, sell-side analysts expect that Air Lease Corporation will post 5.16 EPS for the current year.

Air Lease Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 7th. Investors of record on Monday, March 2nd 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 Monday, March 2nd. Air Lease’s dividend payout ratio is presently 9.45%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Barclays restated an “equal weight” rating and issued a $65.00 target price (down from $68.00) on shares of Air Lease in a report on Tuesday, January 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Air Lease in a report on Wednesday, January 21st. Finally, Zacks Research upgraded Air Lease from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $66.00.

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.