Raymond James Financial Inc. Acquires Shares of 41,505 AerSale Co. (NASDAQ:ASLE)

Raymond James Financial Inc. purchased a new position in AerSale Co. (NASDAQ:ASLE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 41,505 shares of the company’s stock, valued at approximately $261,000. Raymond James Financial Inc. owned approximately 0.08% of AerSale as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of ASLE. Spire Wealth Management purchased a new stake in shares of AerSale in the fourth quarter valued at about $27,000. SG Americas Securities LLC grew its stake in shares of AerSale by 46.4% in the fourth quarter. SG Americas Securities LLC now owns 17,073 shares of the company’s stock worth $108,000 after acquiring an additional 5,408 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in AerSale by 7.8% during the 4th quarter. Bank of New York Mellon Corp now owns 94,651 shares of the company’s stock worth $596,000 after purchasing an additional 6,877 shares during the period. State Street Corp lifted its stake in AerSale by 1.1% in the third quarter. State Street Corp now owns 660,553 shares of the company’s stock worth $3,336,000 after acquiring an additional 7,036 shares during the last quarter. Finally, Bfsg LLC acquired a new stake in AerSale in the fourth quarter valued at $68,000. Institutional investors and hedge funds own 69.48% of the company’s stock.

Wall Street Analysts Forecast Growth

ASLE has been the topic of a number of research reports. Royal Bank of Canada raised their price target on AerSale from $7.00 to $8.00 and gave the stock a “sector perform” rating in a research note on Friday, March 7th. TD Cowen upgraded AerSale to a “hold” rating in a research report on Thursday, December 19th.

AerSale Stock Performance

Shares of ASLE stock opened at $7.20 on Friday. AerSale Co. has a one year low of $4.53 and a one year high of $9.40. The firm has a market capitalization of $383.60 million, a price-to-earnings ratio of 720.72 and a beta of 0.27. The company has a 50 day moving average price of $7.42 and a 200 day moving average price of $6.44.

About AerSale

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).