On November 22, 2024, Kishore Korde, Executive Vice President of Air Lease Corp's subsidiary, sold 14,661 shares of Air Lease Corp (AL, Financial). Following this transaction, the insider now owns 97,714 shares of the company. The details of this transaction can be found in the SEC Filing.
Air Lease Corp is a leading aircraft leasing company engaged in purchasing commercial aircraft and leasing them to airlines worldwide. The company provides fleet management services to its clients, offering a wide range of aircraft types to meet the diverse needs of airlines.
The insider transaction history for Air Lease Corp indicates that there have been no insider buys over the past year, while there have been eight insider sells during the same period. Over the past year, Kishore Korde has sold a total of 31,254 shares and has not purchased any shares.
On the day of the recent sale, shares of Air Lease Corp were trading at $50.48, giving the stock a market cap of $5.809 billion. The company's price-earnings ratio stands at 11.88, which is lower than the industry median of 17.83 but higher than the company's historical median price-earnings ratio.
With a trading price of $50.48 and a GF Value of $46.01, Air Lease Corp has a price-to-GF-Value ratio of 1.1, indicating that the stock is modestly overvalued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples, a GuruFocus adjustment factor, and future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
