Air Lease (NYSE:AL) Stock Price Down 4.5%

Air Lease Co. (NYSE:AL)’s share price traded down 4.5% during mid-day trading on Wednesday . The stock traded as low as $45.26 and last traded at $45.50. 476,235 shares changed hands during trading, a decline of 57% from the average session volume of 1,120,119 shares. The stock had previously closed at $47.65.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AL shares. Barclays upped their target price on shares of Air Lease from $48.00 to $55.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. StockNews.com lowered Air Lease from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Finally, TD Cowen dropped their price target on Air Lease from $59.00 to $56.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $53.80.

Air Lease Trading Down 0.6 %

The stock’s fifty day moving average is $47.63 and its 200 day moving average is $45.66. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.48 and a current ratio of 0.48. The stock has a market cap of $5.32 billion, a P/E ratio of 9.71, a P/E/G ratio of 0.87 and a beta of 1.59.

Air Lease (NYSE:AL) last posted its quarterly earnings data on Monday, May 6th. The transportation company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.07). The company had revenue of $663.31 million during the quarter, compared to the consensus estimate of $677.26 million. Air Lease had a net margin of 21.89% and a return on equity of 9.00%. Air Lease’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.06 earnings per share. As a group, equities research analysts predict that Air Lease Co. will post 6.96 earnings per share for the current fiscal year.

Air Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 8th. Shareholders of record on Tuesday, June 4th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend was Tuesday, June 4th. Air Lease’s dividend payout ratio (DPR) is 16.94%.

Institutional Trading of Air Lease

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AL. SG Americas Securities LLC boosted its position in shares of Air Lease by 381.7% during the second quarter. SG Americas Securities LLC now owns 12,255 shares of the transportation company’s stock valued at $582,000 after buying an additional 9,711 shares during the period. Parkside Investments LLC boosted its holdings in Air Lease by 1.3% during the 2nd quarter. Parkside Investments LLC now owns 192,858 shares of the transportation company’s stock valued at $9,167,000 after acquiring an additional 2,425 shares during the period. NBC Securities Inc. grew its position in Air Lease by 38.0% in the 2nd quarter. NBC Securities Inc. now owns 22,771 shares of the transportation company’s stock valued at $1,082,000 after acquiring an additional 6,265 shares during the last quarter. CWM LLC lifted its position in shares of Air Lease by 16.5% during the second quarter. CWM LLC now owns 3,111 shares of the transportation company’s stock worth $148,000 after purchasing an additional 440 shares during the last quarter. Finally, Hilltop National Bank boosted its stake in shares of Air Lease by 33.8% during the second quarter. Hilltop National Bank now owns 1,775 shares of the transportation company’s stock valued at $84,000 after purchasing an additional 448 shares during the period. 94.59% of the stock is owned by hedge funds and other institutional investors.

Air Lease Company Profile

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide. It sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors. The company provides fleet management services to investors and owners of aircraft portfolios.