AerSale (NASDAQ:ASLE) Insider Sells $10,055.24 in Stock

AerSale Corporation (NASDAQ:ASLE) insider Paul Andrew Hechenberger sold 1,586 shares of the business’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 $10,055.24. Following the transaction, the insider owned 14,581 shares in the company, valued at approximately $92,443.54. This represents a 9.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Trading Up 0.5%

Shares of AerSale stock opened at $6.27 on Friday. The stock has a market cap of $296.26 million, a P/E ratio of 28.50 and a beta of 0.27. The stock’s 50 day simple moving average is $6.55 and its 200-day simple moving average is $6.86. AerSale Corporation has a 1-year low of $5.56 and a 1-year high of $9.12. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.74 and a quick ratio of 0.89.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ASLE. Amundi purchased a new position in shares of AerSale during the first quarter worth $161,000. Jane Street Group LLC increased its position in shares of AerSale by 1,250.8% during the first quarter. Jane Street Group LLC now owns 174,543 shares of the company’s stock worth $1,307,000 after acquiring an additional 161,622 shares during the period. American Century Companies Inc. raised its stake in shares of AerSale by 165.1% in the second quarter. American Century Companies Inc. now owns 234,335 shares of the company’s stock valued at $1,408,000 after acquiring an additional 145,931 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of AerSale by 1.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 275,022 shares of the company’s stock valued at $1,653,000 after acquiring an additional 4,416 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of AerSale by 4.1% in the second quarter. Invesco Ltd. now owns 92,867 shares of the company’s stock valued at $558,000 after acquiring an additional 3,652 shares in the last quarter. 69.48% of the stock is currently owned by hedge funds and other institutional investors.

AerSale Company Profile

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.