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4-Traders Homepage  >  Equities  >  Nyse  >  Air Lease Corp    AL

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Air Lease : Today, Icon Advisers Inc. Co. Takes Position in Air Lease Corp.

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11/28/2016 | 05:12pm CET

Icon Advisers Inc. Co. acquired a new stake in Air Lease Corp. (NYSE:AL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 159,176 shares of the companys stock, valued at approximately $4,549,000. Icon Advisers Inc. Co. owned 0.15% of Air Lease Corp. at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. LS Investment Advisors LLC acquired a new stake in shares of Air Lease Corp. during the second quarter valued at $102,000. Tower Research Capital LLC TRC boosted its position in shares of Air Lease Corp. by 761.7% in the second quarter. Tower Research Capital LLC TRC now owns 4,188 shares of the companys stock valued at $112,000 after buying an additional 3,702 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of Air Lease Corp. by 55.1% in the second quarter. Metropolitan Life Insurance Co. NY now owns 5,025 shares of the companys stock valued at $135,000 after buying an additional 1,786 shares during the last quarter. Glenmede Trust Co. NA purchased a new position in shares of Air Lease Corp. during the second quarter valued at approximately $137,000. Finally, BlueMountain Capital Management LLC boosted its position in shares of Air Lease Corp. by 168.1% in the second quarter. BlueMountain Capital Management LLC now owns 5,134 shares of the companys stock valued at $137,000 after buying an additional 3,219 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the companys stock.

Air Lease Corp. (NYSE:AL) traded up 0.42% during midday trading on Friday, reaching $36.20. 131,666 shares of the companys stock were exchanged. The firm has a 50 day moving average of $31.32 and a 200-day moving average of $29.20. The stock has a market cap of $3.72 billion, a PE ratio of 10.99 and a beta of 1.54. Air Lease Corp. has a 12 month low of $22.47 and a 12 month high of $36.42.

Air Lease Corp. (NYSE:AL) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.04. The business had revenue of $355.10 million for the quarter, compared to analysts expectations of $356.47 million. Air Lease Corp. had a net margin of 26.09% and a return on equity of 14.83%. The firms revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 earnings per share. On average, equities research analysts predict that Air Lease Corp. will post $3.42 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 9th. Investors of record on Monday, December 12th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Thursday, December 8th. This represents a $0.30 annualized dividend and a yield of 0.83%. This is a boost from Air Lease Corp.s previous quarterly dividend of $0.05. Air Lease Corp.s payout ratio is 6.08%.

Several brokerages have recently commented on AL. FBR & Co boosted their target price on shares of Air Lease Corp. from $36.00 to $40.00 and gave the company an outperform rating in a research report on Tuesday. Stephens began coverage on shares of Air Lease Corp. in a research report on Tuesday, November 1st. They issued an overweight rating and a $48.00 target price for the company. Finally, Zacks Investment Research cut shares of Air Lease Corp. from a hold rating to a sell rating in a research report on Monday, October 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the companys stock. Air Lease Corp. currently has an average rating of Buy and a consensus target price of $45.94.

In related news, Director Robert A. Milton sold 30,000 shares of Air Lease Corp. stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $31.73, for a total value of $951,900.00. Following the sale, the director now owns 30,889 shares in the company, valued at $980,107.97. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 9.45% of the stock is currently owned by corporate insiders.

Air Lease Corp. Company Profile

Air Lease Corporation is an aircraft leasing company. The Company is principally engaged in purchasing new commercial jet transport aircraft directly from aircraft manufacturers, such as The Boeing Company (Boeing) and Airbus SAS. (Airbus), and leasing those aircraft to airlines across the world. Along with its leasing activities, the Company sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies and airlines.

(c) 2016 Cihan News Agency. All right reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2016 1 405 M
EBIT 2016 760 M
Net income 2016 371 M
Debt 2016 8 626 M
Yield 2016 0,54%
P/E ratio 2016 10,82
P/E ratio 2017 9,97
EV / Sales 2016 8,82x
EV / Sales 2017 8,42x
Capitalization 3 758 M
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Air Lease Corp Technical Analysis Chart | AL | US00912X3026 | 4-Traders
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Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 43,3 $
Spread / Average Target 18%
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Managers
NameTitle
John L. Plueger President & Chief Executive Officer
Steven F. Udvar-Házy Executive Chairman
Gregory B. Willis Chief Financial Officer & Executive Vice President
Jerry Dunn Director-Information Technology
Matthew J. Hart Independent Director
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