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

Shares of AerSale Corporation (NASDAQ:ASLE) have been given an average rating of “Reduce” by the five analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $6.8333.

Several equities analysts have recently commented on ASLE shares. Royal Bank Of Canada lowered their price target on shares of AerSale from $8.00 to $7.00 and set a “sector perform” rating for the company in a research report on Monday, August 10th. 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. Zacks Research raised shares of AerSale to a “hold” rating in a research note on Wednesday, July 1st. Weiss Ratings restated a “sell (d)” rating on shares of AerSale in a research report on Wednesday, August 12th. Finally, Wall Street Zen lowered shares of AerSale from a “hold” rating to a “sell” rating in a research note on Saturday.

AerSale Trading Up 0.5%

Shares of NASDAQ ASLE opened at $5.90 on Tuesday. AerSale has a 12-month low of $5.56 and a 12-month high of $9.12. The company has a market cap of $281.61 million, a price-to-earnings ratio of -73.75 and a beta of 0.28. The company has a current ratio of 3.27, a quick ratio of 0.76 and a debt-to-equity ratio of 0.01. The stock’s 50 day simple moving average is $6.22 and its 200 day simple moving average is $6.58.

AerSale (NASDAQ:ASLE) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.15). The company had revenue of $70.93 million for the quarter, compared to the consensus estimate of $81.24 million. AerSale had a negative return on equity of 0.27% and a negative net margin of 1.23%. Equities research analysts expect that AerSale will post 0.18 EPS for the current year.

Insider Buying and Selling

In related news, insider Gary Edmund Jones sold 7,491 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 $47,492.94. Following the sale, the insider directly owned 162,405 shares in the company, valued at $1,029,647.70. This trade represents a 4.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 AerSale stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $6.34, for a total value of $26,513.88. Following the sale, the insider directly owned 213,531 shares in the company, valued at $1,353,786.54. The trade was a 1.92% 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. Insiders sold 21,316 shares of company stock valued at $135,160 in the last three months. 20.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AerSale

A number of institutional investors and hedge funds have recently bought and sold shares of ASLE. Amundi bought a new stake in shares of AerSale during the 1st quarter worth about $161,000. Jane Street Group LLC boosted its holdings in shares of AerSale by 1,250.8% in the first quarter. Jane Street Group LLC now owns 174,543 shares of the company’s stock valued at $1,307,000 after acquiring an additional 161,622 shares in the last quarter. American Century Companies Inc. increased its stake in shares of AerSale by 165.1% during the second quarter. American Century Companies Inc. now owns 234,335 shares of the company’s stock valued at $1,408,000 after acquiring an additional 145,931 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of AerSale by 1.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 275,022 shares of the company’s stock valued at $1,653,000 after acquiring an additional 4,416 shares during the period. Finally, Invesco Ltd. raised its holdings in AerSale by 4.1% during the second quarter. Invesco Ltd. now owns 92,867 shares of the company’s stock worth $558,000 after purchasing an additional 3,652 shares in the last quarter. Institutional investors 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.