Boston Partners Sells 28,832 Shares of AerSale Corporation $ASLE

Key Points

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Boston Partners reduced its holdings in shares of AerSale Corporation (NASDAQ:ASLE - Free Report) by 37.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,633 shares of the company's stock after selling 28,832 shares during the period. Boston Partners owned 0.10% of AerSale worth $357,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ASLE. JPMorgan Chase & Co. lifted its position in AerSale by 58.0% during the 4th quarter. JPMorgan Chase & Co. now owns 108,564 shares of the company's stock valued at $684,000 after acquiring an additional 39,854 shares during the period. Geode Capital Management LLC lifted its position in AerSale by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 779,980 shares of the company's stock valued at $4,915,000 after acquiring an additional 17,311 shares during the period. Wells Fargo & Company MN lifted its position in AerSale by 20.1% during the 4th quarter. Wells Fargo & Company MN now owns 24,701 shares of the company's stock valued at $156,000 after acquiring an additional 4,140 shares during the period. Raymond James Financial Inc. purchased a new position in AerSale during the 4th quarter valued at about $261,000. Finally, Barclays PLC lifted its position in AerSale by 17.3% during the 4th quarter. Barclays PLC now owns 51,618 shares of the company's stock valued at $325,000 after acquiring an additional 7,615 shares during the period. 69.48% of the stock is owned by hedge funds and other institutional investors.

AerSale Stock Performance

NASDAQ ASLE traded up $0.05 during trading hours on Friday, hitting $8.90. 855,276 shares of the company's stock traded hands, compared to its average volume of 573,422. The business's fifty day moving average price is $6.63 and its two-hundred day moving average price is $6.81. The company has a current ratio of 3.87, a quick ratio of 0.82 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $419.90 million, a P/E ratio of 63.57 and a beta of 0.24. AerSale Corporation has a 52 week low of $4.53 and a 52 week high of $9.08.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wall Street Zen raised shares of AerSale from a "sell" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Royal Bank Of Canada boosted their price objective on shares of AerSale from $7.00 to $8.00 and gave the company a "sector perform" rating in a report on Thursday, August 7th. Finally, Truist Financial cut shares of AerSale from a "buy" rating to a "hold" rating and decreased their price objective for the company from $8.00 to $6.00 in a report on Friday, July 11th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, AerSale has an average rating of "Hold" and a consensus price target of $7.00.

AerSale Company Profile

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).