Air Lease (NYSE:AL) Sees Strong Trading Volume

Air Lease Co. (NYSE:AL) shares saw an uptick in trading volume on Thursday . 143,215 shares were traded during mid-day trading, a decline of 83% from the previous session’s volume of 822,457 shares.The stock last traded at $45.85 and had previously closed at $45.54.

Several research firms recently commented on AL. Zacks Investment Research raised Air Lease from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective for the company in a research note on Monday, January 10th. Barclays raised their target price on Air Lease from $56.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, January 10th. Finally, Credit Suisse Group raised their target price on Air Lease from $49.00 to $51.00 and gave the stock an “outperform” rating in a research note on Friday, November 5th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Air Lease presently has a consensus rating of “Buy” and a consensus target price of $54.60.

The business has a fifty day moving average of $44.43 and a 200 day moving average of $42.29. The company has a market capitalization of $5.07 billion, a PE ratio of 13.65, a PEG ratio of 0.63 and a beta of 2.02. The company has a current ratio of 3.49, a quick ratio of 3.49 and a debt-to-equity ratio of 2.68.

Air Lease (NYSE:AL) last announced its earnings results on Thursday, November 4th. The transportation company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.18. The company had revenue of $524.50 million during the quarter, compared to analysts’ expectations of $484.58 million. Air Lease had a return on equity of 6.19% and a net margin of 19.99%. Air Lease’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the business posted $1.02 EPS. Equities analysts forecast that Air Lease Co. will post 3.12 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 5th. Stockholders of record on Friday, December 17th were paid a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 1.66%. The ex-dividend date was Thursday, December 16th. This is a boost from Air Lease’s previous quarterly dividend of $0.16. Air Lease’s dividend payout ratio (DPR) is presently 22.70%.

In other news, EVP Alex A. Khatibi sold 15,625 shares of the firm’s stock in a transaction dated Wednesday, November 17th. The stock was sold at an average price of $45.50, for a total transaction of $710,937.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 6.46% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Air Lease by 24.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 3,317,037 shares of the transportation company’s stock valued at $138,453,000 after purchasing an additional 646,278 shares during the period. Invesco Ltd. increased its holdings in shares of Air Lease by 453.9% in the third quarter. Invesco Ltd. now owns 702,795 shares of the transportation company’s stock valued at $27,648,000 after purchasing an additional 575,909 shares during the period. Ceredex Value Advisors LLC acquired a new position in shares of Air Lease in the third quarter valued at approximately $17,141,000. Balyasny Asset Management LLC acquired a new position in shares of Air Lease in the second quarter valued at approximately $11,691,000. Finally, State Street Corp increased its holdings in shares of Air Lease by 18.6% in the second quarter. State Street Corp now owns 1,616,114 shares of the transportation company’s stock valued at $67,722,000 after purchasing an additional 253,553 shares during the period. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Air Lease Company Profile (NYSE:AL)

Air Lease Corp. engages in the provision of aircraft leasing business. It focuses on purchasing new commercial jet transport aircraft directly from aircraft manufacturers, and leasing those aircraft to airlines throughout the world with the intention to generate attractive returns on equity. The company was founded by Steven F.

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