Invesco Ltd. Boosts Position in AerSale Corporation $ASLE

Key Points

• Invesco Ltd. has increased its stock holdings in AerSale Corporation by 51.8%, owning approximately 89,215 shares worth $668,000 as of its latest filing.
• Various institutional investors, including GAMMA Investing LLC and Harel Insurance, have also significantly increased their stakes in AerSale during the first quarter of 2023.
• AerSale's stock rating saw a shift, with Wall Street Zen upgrading it to "strong-buy," while Truist Financial downgraded it to "hold," reflecting mixed sentiments among analysts.

Invesco Ltd. raised its stake in AerSale Corporation (NASDAQ:ASLE - Free Report) by 51.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 89,215 shares of the company's stock after purchasing an additional 30,451 shares during the period. Invesco Ltd. owned 0.19% of AerSale worth $668,000 at the end of the most recent quarter.

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

AerSale Stock Performance

Shares of ASLE stock traded down $0.06 on Friday, hitting $8.53. The company had a trading volume of 369,225 shares, compared to its average volume of 556,980. The firm has a market cap of $402.46 million, a P/E ratio of 60.93 and a beta of 0.27. AerSale Corporation has a twelve month low of $4.53 and a twelve month high of $9.12. The company has a 50-day moving average price of $7.19 and a 200-day moving average price of $6.93. The company has a quick ratio of 0.82, a current ratio of 3.87 and a debt-to-equity ratio of 0.01.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada raised their price target on AerSale from $7.00 to $8.00 and gave the company a "sector perform" rating in a research report on Thursday, August 7th. Wall Street Zen downgraded shares of AerSale from a "strong-buy" rating to a "buy" rating in a research report on Friday. Finally, Truist Financial cut AerSale from a "buy" rating to a "hold" rating and lowered 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 data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $7.00.

About AerSale

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).