AerSale Corporation (NASDAQ:ASLE) Receives Consensus Recommendation of “Reduce” from Brokerages

AerSale Corporation (NASDAQ:ASLE) has received an average recommendation of “Reduce” from the five research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $7.1667.

A number of research firms recently issued reports on ASLE. Weiss Ratings lowered AerSale from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, May 15th. B. Riley Financial began coverage on AerSale in a report on Monday. They set a “neutral” rating and a $7.50 target price for the company.

Insider Activity

In other AerSale news, insider Martin Garmendia sold 6,094 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $6.34, for a total value of $38,635.96. Following the completion of the transaction, the insider directly owned 183,377 shares of the company’s stock, valued at $1,162,610.18. This trade represents a 3.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Frederick Craig Wright sold 4,182 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $6.34, for a total transaction of $26,513.88. Following the transaction, the insider owned 213,531 shares of the company’s stock, valued at $1,353,786.54. This trade represents a 1.92% decrease in their ownership of the stock. 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 ninety days, insiders sold 21,239 shares of company stock worth $134,655. 20.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On AerSale

Institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC increased its stake in AerSale by 100.7% in the 4th quarter. CWM LLC now owns 6,393 shares of the company’s stock worth $45,000 after acquiring an additional 3,208 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of AerSale during the 4th quarter valued at about $56,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of AerSale by 39.0% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,829 shares of the company’s stock worth $55,000 after purchasing an additional 2,477 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of AerSale by 45.6% during the third quarter. BNP Paribas Financial Markets now owns 9,813 shares of the company’s stock worth $80,000 after purchasing an additional 3,071 shares in the last quarter. Finally, KLCM Advisors Inc. bought a new position in shares of AerSale in the fourth quarter worth approximately $71,000. Hedge funds and other institutional investors own 69.48% of the company’s stock.

AerSale Stock Performance

ASLE stock traded down $0.13 during midday trading on Monday, reaching $6.42. 71,205 shares of the company’s stock traded hands, compared to its average volume of 302,380. The firm has a market capitalization of $303.16 million, a PE ratio of 29.20 and a beta of 0.27. The company has a 50-day moving average price of $6.52 and a two-hundred day moving average price of $6.86. 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.

About AerSale

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.