AerSale (NASDAQ:ASLE) Upgraded to “Hold” at Zacks Research

AerSale (NASDAQ:ASLE) was upgraded by analysts at Zacks Research to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

ASLE has been the subject of a number of other research reports. B. Riley Financial assumed coverage on AerSale in a research note on Monday. They set a “neutral” rating and a $7.50 price objective for the company. Weiss Ratings downgraded AerSale from a “hold (c-)” rating to a “sell (d)” rating in a report on Friday, May 15th. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $7.17.

AerSale Price Performance

ASLE stock opened at $6.57 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.89 and a current ratio of 3.74. The firm has a 50 day moving average price of $6.49 and a 200-day moving average price of $6.85. AerSale has a 52-week low of $5.56 and a 52-week high of $9.12. The firm has a market capitalization of $310.45 million, a price-to-earnings ratio of 29.86 and a beta of 0.27.

Insider Activity at AerSale

In related news, insider Gary Edmund Jones sold 7,491 shares of AerSale stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $6.34, for a total value of $47,492.94. Following the completion of the sale, the insider 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 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 firm’s stock in a transaction dated 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 directly owned 213,531 shares in the company, valued at $1,353,786.54. The trade was a 1.92% decrease in their ownership of the stock. 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 21,239 shares of company stock worth $134,655 over the last quarter. Company insiders own 20.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ASLE. Deutsche Bank AG raised its holdings in AerSale by 6.0% in the 4th quarter. Deutsche Bank AG now owns 32,846 shares of the company’s stock worth $234,000 after purchasing an additional 1,850 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased 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 buying an additional 2,477 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of AerSale by 6.0% during the 3rd quarter. Alliancebernstein L.P. now owns 48,270 shares of the company’s stock valued at $395,000 after buying an additional 2,740 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of AerSale by 6.7% during the 3rd quarter. Raymond James Financial Inc. now owns 44,360 shares of the company’s stock valued at $363,000 after acquiring an additional 2,775 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in AerSale by 45.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,813 shares of the company’s stock worth $80,000 after acquiring an additional 3,071 shares in the last quarter. Hedge funds and other institutional investors own 69.48% of the company’s stock.

About AerSale

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.