AerSale (NASDAQ:ASLE) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of AerSale (NASDAQ:ASLE) to a hold rating in a research note published on Wednesday morning,Zacks.com reports.

A number of other equities research analysts also recently issued reports on ASLE. Weiss Ratings downgraded AerSale from a “hold (c-)” rating to a “sell (d)” rating in a research report on Friday, May 15th. B. Riley Financial assumed coverage on AerSale in a report on Monday. They issued a “neutral” rating and a $7.50 price objective for the company. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $7.17.

AerSale Stock Up 0.3%

Shares of ASLE opened at $6.57 on Wednesday. AerSale has a 12 month low of $5.56 and a 12 month high of $9.12. The firm’s 50 day moving average is $6.49 and its 200-day moving average is $6.85. The stock has a market capitalization of $310.45 million, a PE ratio of 29.86 and a beta of 0.27. The company has a current ratio of 3.74, a quick ratio of 0.89 and a debt-to-equity ratio of 0.01.

Insider Activity

In other news, insider Frederick Craig Wright sold 4,182 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $6.34, for a total value of $26,513.88. Following the completion of the transaction, the insider directly owned 213,531 shares in the company, valued at approximately $1,353,786.54. The trade was a 1.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Martin Garmendia sold 6,094 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $6.34, for a total transaction of $38,635.96. Following the sale, the insider owned 183,377 shares in the company, valued at $1,162,610.18. This represents a 3.22% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 21,239 shares of company stock worth $134,655. 20.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AerSale

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASLE. Deutsche Bank AG increased its holdings in shares of AerSale by 6.0% during the fourth quarter. Deutsche Bank AG now owns 32,846 shares of the company’s stock worth $234,000 after buying an additional 1,850 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of AerSale by 39.0% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,829 shares of the company’s stock valued at $55,000 after acquiring an additional 2,477 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of AerSale by 6.0% during the 3rd quarter. Alliancebernstein L.P. now owns 48,270 shares of the company’s stock valued at $395,000 after acquiring an additional 2,740 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of AerSale by 6.7% during the 3rd quarter. Raymond James Financial Inc. now owns 44,360 shares of the company’s stock valued at $363,000 after acquiring an additional 2,775 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in AerSale by 45.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,813 shares of the company’s stock worth $80,000 after acquiring an additional 3,071 shares during the last quarter. 69.48% of the stock is currently owned by institutional investors.

About AerSale

AerSale Inc is an integrated aftermarket solutions provider serving the global commercial, defense and business aviation markets. The company specializes in aircraft and engine maintenance, repair and overhaul (MRO), asset leasing and aviation parts distribution. Its key offerings include airframe heavy maintenance, engine tear‐down and component overhaul, used serviceable material programs and end‐of‐life aircraft disassembly. Through these services, AerSale supports operators seeking to optimize fleet availability, extend asset life cycles and reduce maintenance costs.

Founded in 2009 and headquartered in Coral Gables, Florida, AerSale has grown through strategic acquisitions and organic expansion.