AerSale (NASDAQ:ASLE) Insider Paul Andrew Hechenberger Sells 1,586 Shares of Stock

AerSale Corporation (NASDAQ:ASLEGet Free Report) insider Paul Andrew Hechenberger sold 1,586 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $6.34, for a total value of $10,055.24. Following the completion of the transaction, the insider owned 14,581 shares of the company’s stock, valued at $92,443.54. The trade was a 9.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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.

AerSale Stock Up 1.0%

Shares of ASLE opened at $6.24 on Friday. AerSale Corporation has a 52 week low of $5.56 and a 52 week high of $9.12. The stock has a market capitalization of $294.84 million, a price-to-earnings ratio of 28.36 and a beta of 0.27. 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 stock has a fifty day moving average of $6.55 and a 200-day moving average of $6.87.

Wall Street Analysts Forecast Growth

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

Get Our Latest Analysis on ASLE

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Deutsche Bank AG lifted its stake in shares of AerSale by 6.0% in the 4th quarter. Deutsche Bank AG now owns 32,846 shares of the company’s stock valued at $234,000 after acquiring an additional 1,850 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in AerSale by 39.0% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,829 shares of the company’s stock worth $55,000 after purchasing an additional 2,477 shares during the last quarter. Alliancebernstein L.P. raised its position in AerSale by 6.0% during the 3rd quarter. Alliancebernstein L.P. now owns 48,270 shares of the company’s stock worth $395,000 after purchasing an additional 2,740 shares during the last quarter. Raymond James Financial Inc. raised its position in AerSale by 6.7% during the 3rd quarter. Raymond James Financial Inc. now owns 44,360 shares of the company’s stock worth $363,000 after purchasing an additional 2,775 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in AerSale by 45.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,813 shares of the company’s stock worth $80,000 after purchasing an additional 3,071 shares during the last quarter. 69.48% of the stock is currently owned by institutional investors.

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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Insider Buying and Selling by Quarter for AerSale (NASDAQ:ASLE)

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