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

AerSale Corporation (NASDAQ:ASLE) 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 transaction of $10,055.24. Following the sale, the insider directly owned 14,581 shares of the company’s stock, valued at $92,443.54. The trade was a 9.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Down 0.2%

ASLE traded down $0.01 during trading on Thursday, hitting $6.17. 189,039 shares of the stock traded hands, compared to its average volume of 281,150. The firm has a market capitalization of $291.46 million, a P/E ratio of 28.07 and a beta of 0.27. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.74 and a quick ratio of 0.89. The firm has a 50-day moving average of $6.55 and a 200 day moving average of $6.87. AerSale Corporation has a 12-month low of $5.56 and a 12-month high of $9.12.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its holdings in AerSale by 15.6% in the 1st quarter. Bank of America Corp DE now owns 33,712 shares of the company’s stock worth $210,000 after purchasing an additional 4,545 shares in the last quarter. Quantinno Capital Management LP increased its stake in shares of AerSale by 90.7% in the 1st quarter. Quantinno Capital Management LP now owns 62,953 shares of the company’s stock worth $392,000 after acquiring an additional 29,937 shares in the last quarter. State of Wyoming increased its stake in shares of AerSale by 102.5% in the 1st quarter. State of Wyoming now owns 18,207 shares of the company’s stock worth $113,000 after acquiring an additional 9,218 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of AerSale by 8.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,397,416 shares of the company’s stock worth $8,691,000 after acquiring an additional 110,360 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of AerSale by 39.0% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,829 shares of the company’s stock worth $55,000 after acquiring an additional 2,477 shares in the last quarter. 69.48% of the stock is currently owned by 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.