Air Lease Corp (NYSE: AL) is 11.55% higher on its value in year-to-date trading and has touched a low of $38.25 and a high of $52.89 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 $52.67 in the last trading session, with the day’s gains setting it 1.11%.
Currently trading at $53.78, the stock is 18.84% and 17.07% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.83 million and changing 2.11% at the moment leaves the stock 16.22% off its SMA200. AL registered 4.61% gain for a year compared to 6-month loss of 20.15%.
The stock witnessed a 28.66% gain in the last 1 month and extending the period to 3 months gives it a 18.15%, and is 15.01% 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 3.46% over the week and 4.52% over the month.
Air Lease Corp (AL) has around 165 employees, a market worth around $6.01B and $2.61B in sales. Current P/E ratio is 9.42 and Fwd P/E is 10.49. Profit margin for the company is 24.50%. Distance from 52-week low is 40.60% and 1.68% from its 52-week high. The company has generated returns on investments over the last 12 months (2.53%).
The EPS is expected to grow by 77.77% this year
The shares outstanding are 111.76M, and float is at 103.85M with Short Float at 3.53%.
The top institutional shareholder in the company is BLACKROCK INC. with over 12.96 million shares valued at $615.84 million. The investor’s holdings represent 11.6338 of the AL Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 12.35 million shares valued at $587.22 million to account for 11.0932 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 6.73 million shares representing 6.0387 and valued at over $319.67 million, while JPMORGAN CHASE & CO holds 5.191 of the shares totaling 5.78 million with a market value of $274.79 million.
Air Lease Corp (AL) Insider Activity
The most recent transaction is an insider sale by Levy Grant A, the company’s EVP. SEC filings show that Levy Grant A sold 7,500 shares of the company’s common stock on Nov 29 ’24 at a price of $51.10 per share for a total of $0.38 million. Following the sale, the insider now owns 0.14 million shares.
Still, SEC filings show that on Nov 26 ’24, Khatibi Alex A (EVP) disposed off 10,000 shares at an average price of $50.40 for $0.5 million. The insider now directly holds 66,300 shares of Air Lease Corp (AL).
