AerSale Corporation (NASDAQ:ASLE) Receives $7.17 Average Target Price from Analysts

AerSale Corporation (NASDAQ:ASLE) has been assigned a consensus rating of “Reduce” from the five analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $7.1667.

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

Insider Activity

In other news, insider Gary Edmund Jones sold 7,491 shares of AerSale stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $6.34, for a total value of $47,492.94. Following the completion of the transaction, the insider directly owned 162,405 shares of the company’s stock, valued at approximately $1,029,647.70. The trade was a 4.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $6.34, for a total transaction of $26,513.88. Following the sale, the insider owned 213,531 shares in the company, valued at approximately $1,353,786.54. This trade represents a 1.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last three months, insiders sold 21,316 shares of company stock valued at $135,160. Company insiders own 20.10% of the company’s stock.

Institutional Trading of AerSale

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tudor Investment Corp ET AL boosted its position in AerSale by 72.5% during the 3rd quarter. Tudor Investment Corp ET AL now owns 282,754 shares of the company’s stock valued at $2,316,000 after purchasing an additional 118,809 shares during the period. M3F Inc. increased its position in AerSale by 20.0% in the first quarter. M3F Inc. now owns 3,983,632 shares of the company’s stock worth $24,778,000 after buying an additional 664,487 shares during the period. Hillsdale Investment Management Inc. increased its position in AerSale by 377.2% in the fourth quarter. Hillsdale Investment Management Inc. now owns 157,491 shares of the company’s stock worth $1,120,000 after buying an additional 124,491 shares during the period. Los Angeles Capital Management LLC lifted its stake in AerSale by 22.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 203,926 shares of the company’s stock valued at $1,519,000 after buying an additional 37,299 shares during the last quarter. Finally, Ellevest Inc. bought a new stake in AerSale in the fourth quarter valued at $98,000. 69.48% of the stock is currently owned by institutional investors and hedge funds.

AerSale Trading Down 0.2%

NASDAQ:ASLE opened at $6.15 on Friday. The company has a market cap of $290.59 million, a PE ratio of 27.96 and a beta of 0.27. The business’s 50 day moving average is $6.30 and its two-hundred day moving average is $6.71. The company has a quick ratio of 0.89, a current ratio of 3.74 and a debt-to-equity ratio of 0.01. AerSale has a 52 week low of $5.56 and a 52 week high of $9.12.

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.