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

Stock analysts at B. Riley Financial began coverage on shares of AerSale (NASDAQ:ASLE) in a research note issued on Monday. The firm set a “neutral” rating and a $7.50 price target on the stock. B. Riley Financial’s price target suggests a potential upside of 14.50% from the company’s current price.

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

AerSale Price Performance

NASDAQ:ASLE opened at $6.55 on Monday. AerSale has a 1-year low of $5.56 and a 1-year high of $9.12. The company has a current ratio of 3.74, a quick ratio of 0.89 and a debt-to-equity ratio of 0.01. The firm has a fifty day simple moving average of $6.52 and a 200 day simple moving average of $6.86. The stock has a market capitalization of $309.49 million, a PE ratio of 29.77 and a beta of 0.27.

Insider Activity at AerSale

In other AerSale news, insider Gary Edmund Jones sold 7,491 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 transaction of $47,492.94. Following the completion of the transaction, the insider directly owned 162,405 shares of the company’s stock, valued at $1,029,647.70. The trade was a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 the company’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 completion of the transaction, the insider owned 213,531 shares in the company, valued at approximately $1,353,786.54. This represents a 1.92% decrease in their ownership of the stock. 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 quarter, insiders have sold 21,239 shares of company stock worth $134,655. Company insiders own 20.10% of the company’s stock.

Institutional Trading of AerSale

Hedge funds and other institutional investors have recently modified their holdings of the stock. M3F Inc. grew its stake in 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 buying an additional 664,487 shares during the last quarter. Vanguard Group Inc. grew 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 purchasing an additional 444,954 shares during the last quarter. Marshall Wace LLP increased its stake 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 worth $12,363,000 after purchasing an additional 1,109,550 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of AerSale by 8.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,397,416 shares of the company’s stock worth $8,691,000 after purchasing an additional 110,360 shares during the period. Finally, Millennium Management LLC lifted its holdings in AerSale by 46.2% during the 4th quarter. Millennium Management LLC now owns 1,057,473 shares of the company’s stock worth $7,519,000 after purchasing an additional 334,203 shares during the last quarter. Institutional investors own 69.48% of the company’s stock.

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.