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

by · The Markets Daily

Shares of AerSale Corporation (NASDAQ:ASLE – Get Free Report) have earned a consensus recommendation of “Reduce” from the five analysts that are covering the stock, 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 12 month target price among brokerages that have covered the stock in the last year is $6.8333.

A number of analysts have commented on ASLE shares. Zacks Research raised shares of AerSale to a “hold” rating in a research note on Wednesday, July 1st. Weiss Ratings reiterated a “sell (d)” rating on shares of AerSale in a report on Wednesday, August 12th. Royal Bank Of Canada dropped their target price on shares of AerSale from $8.00 to $7.00 and set a “sector perform” rating on the stock in a research report on Monday, August 10th. Wall Street Zen lowered shares of AerSale from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Finally, B. Riley Financial started coverage on shares of AerSale in a research report on Monday, June 29th. They issued a “neutral” rating and a $7.50 price target for the company.

Check Out Our Latest Research Report on AerSale

Insider Buying and Selling at AerSale

In other AerSale news, insider Gary Edmund Jones sold 7,491 shares of the business’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 $47,492.94. Following the sale, 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 position. The sale was disclosed in a document filed 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 Martin Garmendia sold 6,094 shares of the firm’s stock in a transaction on 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 sale, the insider directly owned 183,377 shares of the company’s stock, valued at approximately $1,162,610.18. This trade represents a 3.22% 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 have sold a total of 21,316 shares of company stock valued at $135,160 in the last three months. 20.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AerSale

Several institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC lifted its position in shares of AerSale by 100.7% in the fourth quarter. CWM LLC now owns 6,393 shares of the company’s stock worth $45,000 after purchasing an additional 3,208 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in AerSale by 39.0% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,829 shares of the company’s stock valued at $55,000 after purchasing an additional 2,477 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in AerSale during the fourth quarter valued at approximately $56,000. The Manufacturers Life Insurance Company acquired a new position in AerSale in the 2nd quarter valued at approximately $65,000. Finally, KLCM Advisors Inc. acquired a new position in AerSale in the 4th quarter valued at approximately $71,000. Hedge funds and other institutional investors own 69.48% of the company’s stock.

AerSale Stock Performance

Shares of NASDAQ ASLE opened at $5.61 on Tuesday. The stock’s fifty day simple moving average is $6.15 and its 200 day simple moving average is $6.51. The stock has a market capitalization of $267.77 million, a price-to-earnings ratio of -70.12 and a beta of 0.28. 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 has a 52-week low of $5.52 and a 52-week high of $9.12.

AerSale (NASDAQ:ASLE – Get Free Report) last announced its 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 net margin of 1.23% and a negative return on equity of 0.27%. The company had revenue of $70.93 million for the quarter, compared to analysts’ expectations of $81.24 million. As a group, sell-side analysts forecast that AerSale will post 0.03 earnings per share for the current fiscal year.

About AerSale

(Get Free Report)

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.

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