Northern Trust Corp Boosts Stock Holdings in AerSale Co. (NASDAQ:ASLE)

Northern Trust Corp raised its stake in AerSale Co. (NASDAQ:ASLE) by 3.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 277,102 shares of the company’s stock after purchasing an additional 10,401 shares during the period. Northern Trust Corp owned 0.52% of AerSale worth $1,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in AerSale by 25.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,277 shares of the company’s stock valued at $84,000 after buying an additional 2,665 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in AerSale in the fourth quarter worth about $92,000. M3F Inc. purchased a new stake in shares of AerSale during the fourth quarter worth about $9,941,000. MYDA Advisors LLC purchased a new stake in shares of AerSale during the fourth quarter worth about $466,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of AerSale by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 519,016 shares of the company’s stock worth $3,269,000 after buying an additional 3,235 shares during the last quarter. Hedge funds and other institutional investors own 69.48% of the company’s stock.

AerSale Trading Up 0.3%

ASLE stock opened at $5.86 on Tuesday. The stock has a market cap of $274.60 million, a price-to-earnings ratio of 586.59 and a beta of 0.30. The business’s 50-day moving average is $6.94 and its 200 day moving average is $6.74. AerSale Co. has a 12-month low of $4.53 and a 12-month high of $8.76.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Royal Bank of Canada reduced their price target on shares of AerSale from $8.00 to $7.00 and set a “sector perform” rating for the company in a research report on Thursday, May 8th. Wall Street Zen lowered shares of AerSale from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, AerSale currently has a consensus rating of “Hold” and a consensus price target of $8.67.

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).