Insider Selling: AEVEX (NYSE:AVEX) Major Shareholder Sells $59,097,179.57 in Stock

AEVEX Corp. (NYSE:AVEX) major shareholder Madison Dearborn Partners Llc sold 2,273,843 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $25.99, for a total value of $59,097,179.57. Following the sale, the insider directly owned 22,861,457 shares of the company’s stock, valued at approximately $594,169,267.43. This trade represents a 9.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

AEVEX Stock Down 8.7%

AVEX stock opened at $20.27 on Thursday. AEVEX Corp. has a 12-month low of $20.21 and a 12-month high of $42.34.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Zacks Research raised AEVEX to a “hold” rating in a research report on Wednesday, May 13th. Raymond James Financial assumed coverage on AEVEX in a research report on Tuesday, May 12th. They set an “outperform” rating and a $35.00 price target for the company. Royal Bank Of Canada initiated coverage on AEVEX in a research report on Tuesday, May 12th. They set an “outperform” rating and a $31.00 price target for the company. The Goldman Sachs Group initiated coverage on AEVEX in a research report on Tuesday, May 12th. They issued a “buy” rating and a $34.00 target price for the company. Finally, William Blair initiated coverage on AEVEX in a research report on Tuesday, May 12th. They issued an “outperform” rating for the company. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, AEVEX currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.63.