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Who are the Institutional Holders in Air Lease Corp (AL)?

Air Lease Corp (NYSE: AL) is 20.27% higher on its value in year-to-date trading and has touched a low of $33.33 and a high of $51.77 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AL stock was last observed hovering at around $50.14 in the last trading session, with the day’s gains setting it 0.3%.

Currently trading at $50.44, the stock is 7.13% and 15.30% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.19 million and changing 0.60% at the moment leaves the stock 23.96% off its SMA200. AL registered 28.12% gain for a year compared to 6-month gain of 32.15%. The firm has a 50-day simple moving average (SMA 50) of $9.05 and a 200-day simple moving average (SMA200) of $12.95.

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The stock witnessed a 20.47% loss in the last 1 month and extending the period to 3 months gives it a 22.61%, and is 0.26% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.61% over the week and 2.30% over the month.

Air Lease Corp (AL) has around 163 employees, a market worth around $5.60B and $2.52B in sales. Current P/E ratio is 9.80 and Fwd P/E is 9.19. Profit margin for the company is 22.73%. Distance from 52-week low is 51.34% and -2.57% from its 52-week high. The company has generated returns on investments over the last 12 months (2.48%).

Air Lease Corp quarterly earnings per share for the current quarter are estimated at $0.97 with sales reaching $677.35M over the same period.The EPS is expected to shrink by -11.14% this year, but quarterly earnings will post 6.40% year-over-year. Quarterly sales are estimated to grow 11.50% in year-over-year returns.

435 institutions hold shares in Air Lease Corp (AL), with institutional investors hold 95.48% of the company’s shares. The shares outstanding are 111.03M, and float is at 103.13M with Short Float at 2.86%. Institutions hold 89.26% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 10.16 million shares valued at $425.0 million. The investor’s holdings represent 9.15% of the AL Shares outstanding. As of Jun 29, 2023, the second largest holder is JP Morgan Chase & Company with 6.72 million shares valued at $281.36 million to account for 6.06% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 6.55 million shares representing 5.90% and valued at over $274.3 million, while Blackrock Inc. holds 5.06% of the shares totaling 5.62 million with a market value of $235.04 million.

Air Lease Corp (AL) Insider Activity

The most recent transaction is an insider sale by Khatibi Alex A, the company’s EVP. SEC filings show that Khatibi Alex A sold 11,199 shares of the company’s common stock on Mar 15 ’24 at a price of $47.37 per share for a total of $0.53 million. Following the sale, the insider now owns 76300.0 shares.

Air Lease Corp disclosed in a document filed with the SEC on Mar 15 ’24 that Levy Grant A (EVP) sold a total of 7,500 shares of the company’s common stock. The trade occurred on Mar 15 ’24 and was made at $46.82 per share for $0.35 million. Following the transaction, the insider now directly holds 0.15 million shares of the AL stock.

Still, SEC filings show that on Mar 05 ’24, Khatibi Alex A (EVP) disposed off 11,198 shares at an average price of $43.11 for $0.48 million. The insider now directly holds 87,499 shares of Air Lease Corp (AL).

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