AerSale (NASDAQ:ASLE) Coverage Initiated by Analysts at B. Riley Financial

Equities research analysts at B. Riley Financial initiated coverage on shares of AerSale (NASDAQ:ASLE) in a report issued on Monday. The firm set a “neutral” rating and a $7.50 price target on the stock. B. Riley Financial’s price target would suggest a potential upside of 14.50% from the company’s previous close.

Separately, Weiss Ratings lowered shares of AerSale from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, May 15th. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $7.17.

AerSale Price Performance

Shares of NASDAQ:ASLE opened at $6.55 on Monday. The company has a 50 day moving average price of $6.52 and a two-hundred day moving average price of $6.86. 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 company has a market capitalization of $309.49 million, a PE ratio of 29.77 and a beta of 0.27. AerSale has a 52 week low of $5.56 and a 52 week high of $9.12.

Insider Transactions at AerSale

In other AerSale news, insider Frederick Craig Wright sold 4,182 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 transaction of $26,513.88. Following the completion of the transaction, the insider owned 213,531 shares of the company’s stock, valued at $1,353,786.54. This represents a 1.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 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 transaction of $38,635.96. Following the transaction, the insider directly owned 183,377 shares of the company’s stock, valued at $1,162,610.18. This represents a 3.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Insiders sold 21,239 shares of company stock valued at $134,655 over the last three months. Company insiders own 20.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Marshall Wace LLP increased its stake in AerSale by 277.4% in the 3rd quarter. Marshall Wace LLP now owns 1,509,517 shares of the company’s stock valued at $12,363,000 after buying an additional 1,109,550 shares during the last quarter. Earnest Partners LLC acquired a new position in shares of AerSale during the 4th quarter worth about $5,110,000. Alyeska Investment Group L.P. bought a new position in shares of AerSale in the 4th quarter valued at about $4,977,000. M3F Inc. grew 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 acquiring an additional 664,487 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of AerSale by 29.3% in the third quarter. Vanguard Group Inc. now owns 1,965,792 shares of the company’s stock valued at $16,100,000 after acquiring an additional 444,954 shares during the last quarter. Institutional investors and hedge funds own 69.48% of the company’s stock.

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.