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

AerSale Corporation (NASDAQ:ASLE) has received a consensus recommendation of “Reduce” from the five brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $6.8333.

Several brokerages have recently issued reports on ASLE. Zacks Research raised shares of AerSale to a “hold” rating in a research note on Wednesday, July 1st. Weiss Ratings reissued a “sell (d)” rating on shares of AerSale in a research note on Wednesday, August 12th. Wall Street Zen cut shares of AerSale from a “hold” rating to a “sell” rating in a report on Saturday. B. Riley Financial began coverage on shares of AerSale in a research report on Monday, June 29th. They issued a “neutral” rating and a $7.50 price target on the stock. Finally, Royal Bank Of Canada dropped their price target on AerSale from $8.00 to $7.00 and set a “sector perform” rating on the stock in a report on Monday, August 10th.

Insider Buying and Selling

In related news, insider Frederick Craig Wright sold 4,182 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $6.34, for a total value of $26,513.88. Following the completion of the transaction, the insider owned 213,531 shares in the company, valued at $1,353,786.54. This trade represents a 1.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 AerSale stock in a transaction dated Tuesday, June 9th. The stock was 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 in the company, valued at $1,162,610.18. This represents a 3.22% decrease in their position. 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 have sold 21,316 shares of company stock worth $135,160 in the last three months. 20.10% of the stock is currently owned by insiders.

Institutional Trading of AerSale

A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of AerSale in the second quarter worth about $17,358,000. Marshall Wace LLP raised its holdings in shares of AerSale by 277.4% during the third quarter. Marshall Wace LLP now owns 1,509,517 shares of the company’s stock valued at $12,363,000 after acquiring an additional 1,109,550 shares during the period. Earnest Partners LLC purchased a new stake in shares of AerSale in the 4th quarter valued at approximately $5,110,000. Alyeska Investment Group L.P. purchased a new stake in shares of AerSale in the 4th quarter valued at approximately $4,977,000. Finally, M3F Inc. boosted its stake in AerSale by 20.0% in the 1st quarter. M3F Inc. now owns 3,983,632 shares of the company’s stock worth $24,778,000 after purchasing an additional 664,487 shares during the period. 69.48% of the stock is owned by hedge funds and other institutional investors.

AerSale Trading Up 0.5%

Shares of AerSale stock opened at $5.90 on Tuesday. The business has a fifty day simple moving average of $6.22 and a 200-day simple moving average of $6.58. The firm has a market cap of $281.61 million, a price-to-earnings ratio of -73.75 and a beta of 0.28. AerSale has a fifty-two week low of $5.56 and a fifty-two week high of $9.12. The company has a quick ratio of 0.76, a current ratio of 3.27 and a debt-to-equity ratio of 0.01.

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

AerSale Company Profile

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.