AerSale Corporation (NASDAQ:ASLE) Shares Sold by Equitable Trust Co.

Equitable Trust Co. cut its holdings in shares of AerSale Corporation (NASDAQ:ASLE) by 10.6% in the 1st quarter, Holdings Channel reports. The fund owned 56,420 shares of the company’s stock after selling 6,665 shares during the period. Equitable Trust Co.’s holdings in AerSale were worth $423,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Raymond James Financial Inc. acquired a new position in AerSale in the fourth quarter worth about $261,000. American Century Companies Inc. grew its stake in AerSale by 9.4% in the fourth quarter. American Century Companies Inc. now owns 47,173 shares of the company’s stock worth $297,000 after purchasing an additional 4,068 shares in the last quarter. JPMorgan Chase & Co. grew its stake in AerSale by 58.0% in the fourth quarter. JPMorgan Chase & Co. now owns 108,564 shares of the company’s stock worth $684,000 after purchasing an additional 39,854 shares in the last quarter. Norges Bank acquired a new position in AerSale in the fourth quarter worth about $199,000. Finally, Franklin Resources Inc. acquired a new position in AerSale in the fourth quarter worth about $75,000. 69.48% of the stock is currently owned by institutional investors and hedge funds.

AerSale Stock Performance

Shares of NASDAQ ASLE opened at $6.30 on Friday. The company has a quick ratio of 0.88, a current ratio of 4.54 and a debt-to-equity ratio of 0.01. The firm’s 50-day moving average price is $5.97 and its two-hundred day moving average price is $6.68. AerSale Corporation has a 52-week low of $4.53 and a 52-week high of $8.76. The stock has a market capitalization of $295.22 million, a P/E ratio of -57.27 and a beta of 0.24.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Truist Financial downgraded AerSale from a “buy” rating to a “hold” rating and decreased their price target for the stock from $8.00 to $6.00 in a research note on Friday, July 11th. Royal Bank Of Canada decreased their price target on AerSale from $8.00 to $7.00 and set a “sector perform” rating for the company in a research note on Thursday, May 8th. Finally, Wall Street Zen downgraded AerSale from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, AerSale presently has a consensus rating of “Hold” and a consensus price target of $8.00.

About AerSale

AerSale Corporation provides aftermarket commercial aircraft, engines, and its parts to passenger and cargo airlines, leasing companies, original equipment manufacturers, and government and defense contractors, as well as maintenance, repair, and overhaul (MRO) service providers worldwide. It operates in two segments, Asset Management Solutions and Technical Operations (TechOps).