AerSale Corporation (NASDAQ:ASLE) Given Average Recommendation of “Reduce” by Brokerages

Shares of AerSale Corporation (NASDAQ:ASLE) have been given a consensus recommendation of “Reduce” by the five brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $7.1667.

A number of analysts have recently issued reports on the company. Weiss Ratings cut AerSale from a “hold (c-)” rating to a “sell (d)” rating in a report on Friday, May 15th. B. Riley Financial initiated coverage on shares of AerSale in a report on Monday, June 29th. They issued a “neutral” rating and a $7.50 price target on the stock. Finally, Zacks Research raised shares of AerSale to a “hold” rating in a research report on Wednesday, July 1st.

AerSale Stock Performance

Shares of NASDAQ:ASLE opened at $6.18 on Friday. The firm has a market capitalization of $292.00 million, a PE ratio of 28.09 and a beta of 0.27. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.74 and a quick ratio of 0.89. The business has a 50-day moving average of $6.29 and a two-hundred day moving average of $6.75. AerSale has a 12 month low of $5.56 and a 12 month high of $9.12.

Insider Activity

In other news, insider Frederick Craig Wright sold 4,182 shares of the firm’s stock in a transaction 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 transaction, the insider owned 213,531 shares of the company’s stock, valued at approximately $1,353,786.54. This trade represents a 1.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 Gary Edmund Jones sold 7,491 shares of AerSale stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $6.34, for a total transaction of $47,492.94. Following the transaction, the insider owned 162,405 shares in the company, valued at $1,029,647.70. The trade was a 4.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 90 days, insiders have sold 21,316 shares of company stock valued at $135,160. Company insiders own 20.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Amundi purchased a new stake in shares of AerSale in the first quarter worth about $161,000. Jane Street Group LLC raised its holdings in shares of AerSale by 1,250.8% during the 1st quarter. Jane Street Group LLC now owns 174,543 shares of the company’s stock valued at $1,307,000 after buying an additional 161,622 shares during the period. American Century Companies Inc. raised its holdings in shares of AerSale by 165.1% during the 2nd quarter. American Century Companies Inc. now owns 234,335 shares of the company’s stock valued at $1,408,000 after buying an additional 145,931 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in AerSale by 1.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 275,022 shares of the company’s stock worth $1,653,000 after acquiring an additional 4,416 shares in the last quarter. Finally, Invesco Ltd. lifted its position in AerSale by 4.1% during the 2nd quarter. Invesco Ltd. now owns 92,867 shares of the company’s stock worth $558,000 after acquiring an additional 3,652 shares in the last quarter. Institutional investors and hedge funds own 69.48% of the company’s stock.

AerSale Company Profile

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.