AerSale (NASDAQ:ASLE) Insider Benjamin Thomas Tschirhart Sells 1,886 Shares

AerSale Corporation (NASDAQ:ASLE) insider Benjamin Thomas Tschirhart sold 1,886 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $6.34, for a total transaction of $11,957.24. Following the sale, the insider directly owned 32,564 shares in the company, valued at $206,455.76. The trade was a 5.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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.

AerSale Trading Up 1.0%

NASDAQ:ASLE opened at $6.24 on Friday. AerSale Corporation has a one year low of $5.56 and a one 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. The company’s 50-day simple moving average is $6.55 and its 200 day simple moving average is $6.87. The firm has a market capitalization of $294.84 million, a P/E ratio of 28.36 and a beta of 0.27.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Deutsche Bank AG lifted its stake in shares of AerSale by 6.0% in the fourth quarter. Deutsche Bank AG now owns 32,846 shares of the company’s stock worth $234,000 after buying an additional 1,850 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of AerSale by 39.0% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,829 shares of the company’s stock worth $55,000 after buying an additional 2,477 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of AerSale by 6.0% in the third quarter. Alliancebernstein L.P. now owns 48,270 shares of the company’s stock worth $395,000 after buying an additional 2,740 shares in the last quarter. Raymond James Financial Inc. lifted its stake in shares of AerSale by 6.7% in the third quarter. Raymond James Financial Inc. now owns 44,360 shares of the company’s stock worth $363,000 after buying an additional 2,775 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of AerSale by 45.6% in the third quarter. BNP Paribas Financial Markets now owns 9,813 shares of the company’s stock worth $80,000 after buying an additional 3,071 shares in the last quarter. Institutional investors own 69.48% of the company’s stock.

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.