AerSale (NASDAQ:ASLE – Get Free Report) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday,Zacks.com reports.
Other research analysts have also issued research reports about the company. Royal Bank Of Canada lowered their price target on AerSale from $8.00 to $7.00 and set a “sector perform” rating for the company in a research report on Monday, August 10th. Wall Street Zen lowered AerSale from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. B. Riley Financial initiated coverage on AerSale in a research note on Monday, June 29th. They set a “neutral” rating and a $7.50 target price on the stock. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of AerSale in a research note on Wednesday, August 12th. Three research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $6.83.
Check Out Our Latest Research Report on ASLE
AerSale Trading Down 0.4%
AerSale (NASDAQ:ASLE – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.15). The firm had revenue of $70.93 million during the quarter, compared to analysts’ expectations of $81.24 million. AerSale had a negative net margin of 1.23% and a negative return on equity of 0.27%. On average, research analysts anticipate that AerSale will post 0.03 EPS for the current year.
Insiders Place Their Bets
In other AerSale news, insider Martin Garmendia sold 6,094 shares of AerSale stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $6.34, for a total transaction of $38,635.96. Following the sale, the insider directly owned 183,377 shares of the company’s stock, valued at approximately $1,162,610.18. The trade was a 3.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $6.34, for a total value of $26,513.88. Following the transaction, the insider owned 213,531 shares in the company, valued at $1,353,786.54. This trade represents a 1.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 sold 21,316 shares of company stock worth $135,160 over the last three months. Company insiders own 20.10% of the company’s stock.
Institutional Investors Weigh In On AerSale
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in AerSale in the second quarter worth $17,358,000. Marshall Wace LLP boosted its holdings in shares of AerSale by 277.4% during the 3rd quarter. Marshall Wace LLP now owns 1,509,517 shares of the company’s stock valued at $12,363,000 after buying an additional 1,109,550 shares in the last quarter. Earnest Partners LLC purchased a new stake in shares of AerSale in the 4th quarter worth about $5,110,000. Alyeska Investment Group L.P. purchased a new stake in shares of AerSale in the 4th quarter worth about $4,977,000. Finally, M3F Inc. increased its stake in shares of AerSale by 20.0% in the 1st quarter. M3F Inc. now owns 3,983,632 shares of the company’s stock worth $24,778,000 after acquiring an additional 664,487 shares in the last quarter. 69.48% of the stock is owned by hedge funds and other institutional investors.
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.
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