AerSale (NASDAQ:ASLE) Insider Martin Garmendia Sells 6,094 Shares

AerSale Corporation (NASDAQ:ASLE) insider Martin Garmendia sold 6,094 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were 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 $1,162,610.18. The trade was a 3.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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.

AerSale Price Performance

ASLE stock opened at $6.24 on Friday. AerSale Corporation has a twelve month low of $5.56 and a twelve month 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 business has a 50 day simple moving average of $6.55 and a 200-day simple moving average of $6.87. The company has a market capitalization of $294.84 million, a P/E ratio of 28.36 and a beta of 0.27.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut AerSale from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, May 15th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, AerSale has a consensus rating of “Reduce” and a consensus price target of $7.00.

Institutional Investors Weigh In On AerSale

Several large investors have recently modified their holdings of the stock. Bank of America Corp DE raised its stake in shares of AerSale by 15.6% during the first quarter. Bank of America Corp DE now owns 33,712 shares of the company’s stock worth $210,000 after purchasing an additional 4,545 shares during the last quarter. Quantinno Capital Management LP raised its position in AerSale by 90.7% in the first quarter. Quantinno Capital Management LP now owns 62,953 shares of the company’s stock worth $392,000 after acquiring an additional 29,937 shares in the last quarter. State of Wyoming raised its position in AerSale by 102.5% in the first quarter. State of Wyoming now owns 18,207 shares of the company’s stock worth $113,000 after acquiring an additional 9,218 shares in the last quarter. Dimensional Fund Advisors LP raised its position in AerSale by 8.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,397,416 shares of the company’s stock worth $8,691,000 after acquiring an additional 110,360 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in AerSale by 39.0% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,829 shares of the company’s stock worth $55,000 after acquiring an additional 2,477 shares in the last quarter. Hedge funds and other 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.