Air Lease Corporation (NYSE:AL) Receives Average Recommendation of “Hold” from Analysts

Shares of Air Lease Corporation (NYSE:AL) have received a consensus rating of “Hold” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $59.1667.

A number of equities analysts have recently commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Air Lease in a report on Wednesday, January 21st. Zacks Research raised Air Lease from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Finally, Barclays reaffirmed an “equal weight” rating and set a $65.00 target price (down from $68.00) on shares of Air Lease in a report on Tuesday, January 6th.

Insider Activity at Air Lease

In other news, Director Steven F. Udvar-Hazy sold 19,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $64.12, for a total value of $1,218,280.00. Following the transaction, the director owned 1,391,366 shares in the company, valued at approximately $89,214,387.92. The trade was a 1.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kishore Korde sold 20,662 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $64.10, for a total transaction of $1,324,434.20. Following the completion of the sale, the executive vice president directly owned 50,091 shares in the company, valued at approximately $3,210,833.10. This represents a 29.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 717,485 shares of company stock worth $45,917,986 over the last ninety days. Insiders own 6.64% of the company’s stock.

Institutional Trading of Air Lease

Several large investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Air Lease by 21.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 50,569 shares of the transportation company’s stock worth $2,443,000 after acquiring an additional 9,056 shares in the last quarter. Millennium Management LLC raised its position in shares of Air Lease by 1,675.1% during the first quarter. Millennium Management LLC now owns 204,000 shares of the transportation company’s stock worth $9,855,000 after purchasing an additional 192,508 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Air Lease by 493.5% in the 1st quarter. Jones Financial Companies Lllp now owns 8,884 shares of the transportation company’s stock worth $429,000 after purchasing an additional 7,387 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Air Lease by 5.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 326,717 shares of the transportation company’s stock valued at $15,784,000 after purchasing an additional 15,629 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Air Lease by 16.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 298,275 shares of the transportation company’s stock valued at $14,410,000 after purchasing an additional 41,912 shares during the period. Institutional investors and hedge funds own 94.59% of the company’s stock.

Air Lease Stock Performance

Air Lease stock opened at $64.58 on Friday. The business has a 50 day moving average of $64.26 and a 200-day moving average of $62.62. The company has a market capitalization of $7.22 billion, a P/E ratio of 7.48, a P/E/G ratio of 0.56 and a beta of 1.13. Air Lease has a 1 year low of $38.25 and a 1 year high of $64.71. The company has a debt-to-equity ratio of 2.42, a current ratio of 0.43 and a quick ratio of 0.43.

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.