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

Key Points

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Boston Partners lowered its position 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 & Exchange Commission. The fund owned 47,633 shares of the company's stock after selling 28,832 shares during the quarter. Boston Partners owned 0.10% of AerSale worth $357,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of AerSale by 3,427.5% during the 1st quarter. GAMMA Investing LLC now owns 4,621 shares of the company's stock worth $35,000 after purchasing an additional 4,490 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in AerSale by 37.8% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,536 shares of the company's stock worth $41,000 after buying an additional 1,519 shares during the last quarter. SBI Securities Co. Ltd. raised its position in AerSale by 85.4% during the first quarter. SBI Securities Co. Ltd. now owns 6,732 shares of the company's stock worth $50,000 after acquiring an additional 3,100 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in AerSale by 25.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,277 shares of the company's stock valued at $84,000 after acquiring an additional 2,665 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new position in shares of AerSale in the 4th quarter valued at about $92,000. Institutional investors and hedge funds own 69.48% of the company's stock.

Analyst Ratings Changes

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

AerSale Stock Performance

Shares of AerSale stock traded up $0.05 during trading on Friday, reaching $8.90. The company's stock had a trading volume of 855,276 shares, compared to its average volume of 545,717. The company has a quick ratio of 0.82, a current ratio of 3.87 and a debt-to-equity ratio of 0.01. The business's 50-day moving average price is $6.63 and its 200-day moving average price is $6.81. AerSale Corporation has a 52 week low of $4.53 and a 52 week high of $9.08. The firm has a market cap of $419.90 million, a PE ratio of 63.57 and a beta of 0.24.

AerSale 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).