AEVEX Corp. (NYSE:AVEX – Get Free Report) major shareholder Madison Dearborn Partners Llc sold 2,273,843 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider owned 22,861,457 shares in the company, valued at $594,169,267.43. This represents a 9.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
AEVEX Stock Performance
NYSE:AVEX traded up $0.10 during mid-day trading on Monday, reaching $22.97. 2,107,243 shares of the stock were exchanged, compared to its average volume of 2,798,529. AEVEX Corp. has a 1 year low of $22.27 and a 1 year high of $42.34.
Analysts Set New Price Targets
Several analysts have commented on the company. Royal Bank Of Canada initiated coverage on AEVEX in a research note on Tuesday, May 12th. They set an “outperform” rating and a $31.00 price objective for the company. The Goldman Sachs Group initiated coverage on AEVEX in a report on Tuesday, May 12th. They issued a “buy” rating and a $34.00 price target for the company. Needham & Company LLC reiterated a “buy” rating and set a $45.00 target price on shares of AEVEX in a research report on Thursday, May 21st. William Blair started coverage on shares of AEVEX in a research report on Tuesday, May 12th. They set an “outperform” rating for the company. Finally, Zacks Research raised AEVEX to a “hold” rating in a report on Wednesday, May 13th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, AEVEX currently has an average rating of “Moderate Buy” and a consensus target price of $35.63.
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