AEVEX (NYSE:AVEX) Major Shareholder Madison Dearborn Partners Llc Sells 2,273,843 Shares

AEVEX Corp. (NYSE:AVEX) major shareholder Madison Dearborn Partners Llc sold 2,273,843 shares of AEVEX stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $25.99, for a total value of $59,097,179.57. Following the completion of the sale, the insider owned 22,861,457 shares of the company’s stock, valued at approximately $594,169,267.43. The trade was a 9.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

AEVEX Stock Up 0.4%

Shares of AVEX stock opened at $22.97 on Tuesday. AEVEX Corp. has a 12 month low of $22.27 and a 12 month high of $42.34.

Analyst Ratings Changes

A number of analysts recently commented on AVEX shares. Jefferies Financial Group reiterated a “buy” rating and issued a $33.00 price objective on shares of AEVEX in a research report on Monday, May 25th. Royal Bank Of Canada assumed coverage on AEVEX in a research report on Tuesday, May 12th. They set an “outperform” rating and a $31.00 target price for the company. Bank of America assumed coverage on AEVEX in a research report on Tuesday, May 12th. They set a “buy” rating and a $34.00 target price for the company. JPMorgan Chase & Co. boosted their target price on AEVEX from $33.00 to $35.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Finally, Needham & Company LLC restated a “buy” rating and set a $45.00 target price on shares of AEVEX in a research report on Thursday, May 21st. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, AEVEX has a consensus rating of “Moderate Buy” and a consensus price target of $35.63.