AerSale Corporation (NASDAQ:ASLE) Receives $7.17 Consensus PT from Analysts

Shares of AerSale Corporation (NASDAQ:ASLE) have earned a consensus rating of “Reduce” from the five brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $7.1667.

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

Insider Buying and Selling

In other AerSale news, insider Frederick Craig Wright sold 4,182 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was 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 $1,353,786.54. This trade represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 Martin Garmendia sold 6,094 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $6.34, for a total value of $38,635.96. Following the sale, the insider owned 183,377 shares in the company, valued at approximately $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. Over the last quarter, insiders have sold 21,316 shares of company stock worth $135,160. Corporate insiders own 20.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ASLE. M3F Inc. raised its holdings in shares of AerSale by 20.0% in the 1st quarter. M3F Inc. now owns 3,983,632 shares of the company’s stock valued at $24,778,000 after purchasing an additional 664,487 shares during the period. Vanguard Group Inc. increased its position in AerSale by 29.3% during the third quarter. Vanguard Group Inc. now owns 1,965,792 shares of the company’s stock worth $16,100,000 after buying an additional 444,954 shares during the last quarter. Marshall Wace LLP increased its position in AerSale by 277.4% during the third quarter. Marshall Wace LLP now owns 1,509,517 shares of the company’s stock worth $12,363,000 after buying an additional 1,109,550 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of AerSale by 8.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,397,416 shares of the company’s stock valued at $8,691,000 after buying an additional 110,360 shares during the last quarter. Finally, Millennium Management LLC lifted its position in shares of AerSale by 46.2% in the fourth quarter. Millennium Management LLC now owns 1,057,473 shares of the company’s stock valued at $7,519,000 after buying an additional 334,203 shares during the last quarter. 69.48% of the stock is currently owned by institutional investors and hedge funds.

AerSale Stock Performance

NASDAQ ASLE opened at $6.18 on Friday. AerSale has a 52 week low of $5.56 and a 52 week high of $9.12. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.89 and a current ratio of 3.74. The stock’s 50 day moving average price is $6.28 and its two-hundred day moving average price is $6.74. The stock has a market capitalization of $292.00 million, a price-to-earnings ratio of 28.09 and a beta of 0.27.

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.