9,892 Shares in Air Lease Corporation $AL Bought by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC bought a new stake in Air Lease Corporation (NYSE:AL) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,892 shares of the transportation company’s stock, valued at approximately $630,000.

Several other large investors also recently modified their holdings of the business. True Wealth Design LLC lifted its holdings in shares of Air Lease by 2,980.0% during the 3rd quarter. True Wealth Design LLC now owns 462 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 447 shares in the last quarter. Mather Group LLC. bought a new stake in Air Lease during the 3rd quarter worth approximately $29,000. First Horizon Corp bought a new stake in Air Lease during the 3rd quarter worth approximately $31,000. Parkside Financial Bank & Trust raised its holdings in Air Lease by 273.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 556 shares of the transportation company’s stock worth $33,000 after buying an additional 407 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in Air Lease by 129.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 528 shares of the transportation company’s stock worth $34,000 after buying an additional 298 shares during the period. 94.59% of the stock is currently owned by institutional investors.

Insider Activity at Air Lease

In other Air Lease news, CEO John L. Plueger sold 155,821 shares of Air Lease stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $64.03, for a total value of $9,977,218.63. Following the sale, the chief executive officer directly owned 725,941 shares in the company, valued at approximately $46,482,002.23. The trade was a 17.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kishore Korde sold 20,662 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $64.10, for a total transaction of $1,324,434.20. Following the sale, the executive vice president directly owned 50,091 shares in the company, valued at $3,210,833.10. This trade represents a 29.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 483,125 shares of company stock valued at $30,937,868. Corporate insiders own 6.80% of the company’s stock.

Air Lease Stock Down 0.1%

Shares of Air Lease stock opened at $64.52 on Monday. The firm 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. The business’s 50 day simple moving average is $64.51 and its 200 day simple moving average is $63.83. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.46 and a current ratio of 0.46. Air Lease Corporation has a 52-week low of $38.25 and a 52-week high of $64.96.

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

Air Lease Announces Dividend

The firm also recently announced 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. The ex-dividend date is Monday, March 2nd. This represents a $0.88 annualized dividend and a yield of 1.4%. Air Lease’s dividend payout ratio is presently 9.45%.

Wall Street Analyst Weigh In

AL has been the subject of several research analyst reports. Zacks Research upgraded shares of Air Lease from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Barclays restated an “equal weight” rating and set a $65.00 price objective (down from $68.00) on shares of Air Lease in a report on Tuesday, January 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Air Lease in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.00.

Air Lease Company 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.