AerSale Co. (NASDAQ:ASLE) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its position in shares of AerSale Co. (NASDAQ:ASLE – Get Rating) by 2,190.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,339 shares of the company’s stock after purchasing an additional 62,486 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.13% of AerSale worth $1,211,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ASLE. Captrust Financial Advisors boosted its stake in AerSale by 26.2% during the 2nd quarter. Captrust Financial Advisors now owns 3,010 shares of the company’s stock valued at $44,000 after acquiring an additional 625 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of AerSale in the 2nd quarter worth about $66,000. Denali Advisors LLC lifted its position in shares of AerSale by 47.4% in the 3rd quarter. Denali Advisors LLC now owns 5,600 shares of the company’s stock worth $104,000 after buying an additional 1,800 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of AerSale by 34.6% in the 1st quarter. California State Teachers Retirement System now owns 6,797 shares of the company’s stock worth $107,000 after buying an additional 1,748 shares during the last quarter. Finally, Bourgeon Capital Management LLC bought a new position in shares of AerSale in the 2nd quarter worth about $109,000.

AerSale Stock Down 0.8 %

NASDAQ ASLE opened at $17.19 on Friday. The stock has a market capitalization of $890.01 million, a PE ratio of 20.71 and a beta of 0.40. The company has a 50 day moving average price of $16.01 and a two-hundred day moving average price of $17.86. AerSale Co. has a 12-month low of $12.78 and a 12-month high of $21.76.

AerSale (NASDAQ:ASLE – Get Rating) last released its quarterly earnings results on Tuesday, November 8th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08). AerSale had a net margin of 10.66% and a return on equity of 14.20%. The firm had revenue of $51.00 million during the quarter, compared to the consensus estimate of $72.31 million. As a group, equities analysts anticipate that AerSale Co. will post 1.13 EPS for the current year.

Insider Buying and Selling at AerSale

In other AerSale news, Director Jonathan A. Seiffer sold 112,100 shares of the business’s stock in a transaction on Wednesday, December 14th. The shares were sold at an average price of $10.00, for a total value of $1,121,000.00. Following the sale, the director now owns 17,569,821 shares of the company’s stock, valued at approximately $175,698,210. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Jonathan A. Seiffer sold 4,452,249 shares of the company’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $14.80, for a total transaction of $65,893,285.20. Following the transaction, the director now owns 19,133,741 shares in the company, valued at approximately $283,179,366.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jonathan A. Seiffer sold 112,100 shares of the company’s stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $10.00, for a total transaction of $1,121,000.00. Following the transaction, the director now owns 17,569,821 shares in the company, valued at approximately $175,698,210. The disclosure for this sale can be found here. Insiders own 69.50% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on ASLE shares. Truist Financial lifted their price objective on shares of AerSale from $19.00 to $23.00 in a research report on Monday, January 9th. Royal Bank of Canada began coverage on shares of AerSale in a research note on Tuesday, November 29th. They set an “outperform” rating and a $21.00 target price on the stock.

AerSale Company Profile

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AerSale Corporation provides aftermarket commercial aircraft, engines, and its parts to passenger and cargo airlines, leasing companies, original equipment manufacturers, and government and defense contractors, as well as maintenance, repair, and overhaul (MRO) service providers worldwide. It operates in two segments, Asset Management Solutions and Technical Operations (TechOps).