AerSale (NASDAQ:ASLE) Rating Lowered to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen downgraded AerSale to “sell” from “hold,” while analysts overall assign the stock an average “Reduce” rating and an average price target of $6.83.
• AerSale’s latest quarterly results missed expectations, reporting a loss of $0.09 per share versus the projected $0.06 profit and revenue of $70.93 million versus the $81.24 million consensus estimate.
• The shares opened at $5.87, near their 52-week low of $5.56, while insiders sold $135,160 worth of stock over the past 90 days; institutional investors own 69.48% of the company.

AerSale (NASDAQ:ASLE - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

ASLE has been the subject of a number of other reports. B. Riley Financial initiated coverage on AerSale in a research note on Monday, June 29th. They set a "neutral" rating and a $7.50 price objective for the company. Weiss Ratings reiterated a "sell (d)" rating on shares of AerSale in a research note on Wednesday. Royal Bank Of Canada reduced their price target on shares of AerSale from $8.00 to $7.00 and set a "sector perform" rating for the company in a report on Monday, August 10th. Finally, Zacks Research upgraded shares of AerSale to a "hold" rating in a research report on Wednesday, July 1st. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, AerSale presently has an average rating of "Reduce" and an average target price of $6.83.

AerSale Stock Performance

Shares of NASDAQ ASLE opened at $5.87 on Friday. The company has a quick ratio of 0.89, a current ratio of 3.27 and a debt-to-equity ratio of 0.01. The firm's 50-day moving average price is $6.23 and its two-hundred day moving average price is $6.59. AerSale has a 52-week low of $5.56 and a 52-week high of $9.12. The stock has a market capitalization of $280.18 million, a P/E ratio of -73.38 and a beta of 0.28.

AerSale (NASDAQ:ASLE - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.15). The company had revenue of $70.93 million for the quarter, compared to the consensus estimate of $81.24 million. AerSale had a negative net margin of 1.23% and a negative return on equity of 0.27%. As a group, sell-side analysts forecast that AerSale will post 0.18 earnings per share for the current year.

Insider Activity at AerSale

In related news, insider Gary Edmund Jones sold 7,491 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $6.34, for a total value of $47,492.94. Following the completion of the transaction, the insider owned 162,405 shares in the company, valued at $1,029,647.70. This represents a 4.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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 firm's stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $6.34, for a total transaction of $26,513.88. Following the transaction, the insider directly owned 213,531 shares in the company, valued at approximately $1,353,786.54. The trade was a 1.92% decrease in their position. The SEC filing for this sale provides additional information. 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 have sold a total of 21,316 shares of company stock worth $135,160 over the last ninety days. 20.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in AerSale during the second quarter worth approximately $17,358,000. Marshall Wace LLP boosted its stake in 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 purchasing an additional 1,109,550 shares in the last quarter. Earnest Partners LLC bought a new position in AerSale during the 4th quarter valued at $5,110,000. Alyeska Investment Group L.P. acquired a new position in shares of AerSale during the 4th quarter valued at $4,977,000. Finally, M3F Inc. increased its position in shares of AerSale by 20.0% during the 1st quarter. M3F Inc. now owns 3,983,632 shares of the company's stock valued at $24,778,000 after purchasing an additional 664,487 shares during the period. 69.48% of the stock is currently owned by 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.

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