Sunday, June 26, 2022

Monitoring Air Lease Corporation (AL) after recent insider movements

Air Lease Corporation’s recently made public that its EXECUTIVE CHAIRMAN UDVAR-HAZY STEVEN F acquired Company’s shares for reported $67730.0 on May 12. In the deal valued at $33.86 per share,2,000 shares were bought. As a result of this transaction, UDVAR-HAZY STEVEN F now holds 1,205,558 shares worth roughly $ 37.94 million.


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Then, UDVAR-HAZY STEVEN F bought 3,000 shares, generating $106,800 in total proceeds. Upon buying the shares at $35.60, the EXECUTIVE CHAIRMAN now owns 1,204,558 shares.

Before that, Clark Yvette Hollingsworth bought 6,700 shares. Air Lease Corporation shares valued at $303,130 were divested by the Director at a price of $45.24 per share. As a result of the transaction, Clark Yvette Hollingsworth now holds 10,636 shares, worth roughly $0.33 million.

Taking this into account, HSBC Securities initiated its Air Lease Corporation [AL] rating to a Buy in a research note published on Tuesday, March 15, 2022; the price target was $50. PT values the company’s stock at a premium of 37.06 to its Tuesday closing price. A number of analysts have revised their coverage, including Cowen’s analysts, who remained covering the stock and in mid February has reiterated a ‘”an Outperform”‘ rating for it. Cowen also remained covering AL and reiterated its “an Outperform” recommendation on August 09, 2019. Goldman started covering the stock on April 08, 2019. It rated AL as “a Buy”.

Price Performance Review of AL

On Tuesday, Air Lease Corporation [NYSE:AL] saw its stock jump 1.98% to $31.47. On the same session, the stock had its day’s lowest price of $30.88, but rose to a high of $31.84. Over the last five days, the stock has lost -2.33%. Air Lease Corporation shares have fallen nearly -28.85% since the year began. Nevertheless, the stocks have fallen -28.56% over the past one year. While a 52-week high of $50.99 was reached on 04/21/22, a 52-week low of $29.75 was recorded on 06/16/22. SMA at 50 days reached $38.14, while 200 days put it at $41.16. A total of 0.57 million shares were traded, compared to the trading of 0.97 million shares in the previous session.

Levels Of Support And Resistance For AL Stock

The 24-hour chart illustrates a support level at 30.95, which if violated will result in even more drops to 30.44. On the upside, there is a resistance level at 31.91. A further resistance level may holdings at 32.36. The Relative Strength Index (RSI) on the 14-day chart is 35.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.45%. Stochastics %K at 14.92% indicates the stock is a buying.

Air Lease Corporation [AL] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 9,530,401 shares, or roughly 8.60% of the outstanding AL shares. In other words, the investor’s shares have risen by 90,968 from its previous 13-F filing of 9439433.0. Additionally, Capital Research & Management Co decreased -47.87% of its stake after which the total value it holdings stand at $257,164,393, while Dimensional Fund Advisors LP added 2.25% of its stake to hold $225.26 million in the firm. Over the last quarter, Wellington Management Co. LLP purchased 1,460,769 shares of Air Lease Corporation, while BlackRock Fund Advisors bought 54,650 shares. At present, T. Rowe Price Associates, Inc. is holding 3,770,232 shares valued at $141.8 million. Invesco Advisers, Inc. owned 3,616,362 shares of the company at the time of its most recent 13F filing, worth $136.01 million.

According to FactSet, Air Lease Corporation’s share price will average $55.19 in the next year, based on opinions of analysts polled by the firm. This is up nearly 78.22 percent from its previous closing price of $30.86. Analysts expect Air Lease Corporation stock to reach the higher price of $61.00, while the lowest price estimate is $51.50. However, 8 analysts have rated AL stock as a Buy in their predictions for 2022. The most recent change occurred on March 14, 2018 when Macquarie began covering the stock and recommended ‘”an Outperform”‘ rating.

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