AerSale Corporation $ASLE Holdings Reduced by Leonard Green & Partners L.P.

Key Points

• Leonard Green & Partners L.P. significantly reduced its holdings in AerSale Corporation by 67.2%, leaving it with about 3.14 million shares, which is 0.6% of its portfolio.
• AerSale's stock has been rated with mixed opinions, as Truist Financial downgraded it to a "hold," while Royal Bank Of Canada increased its price target from $7.00 to $8.00.
• The stock has seen a recent decline of 2.8%, and currently trades at approximately $8.63, with a market capitalization of $407.16 million.

Leonard Green & Partners L.P. lowered its holdings in AerSale Corporation (NASDAQ:ASLE - Free Report) by 67.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 3,141,250 shares of the company's stock after selling 6,428,571 shares during the quarter. AerSale makes up about 0.6% of Leonard Green & Partners L.P.'s investment portfolio, making the stock its 6th largest holding. Leonard Green & Partners L.P. owned approximately 6.70% of AerSale worth $23,528,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ASLE. Wells Fargo & Company MN raised its position in shares of AerSale by 20.1% in the 4th quarter. Wells Fargo & Company MN now owns 24,701 shares of the company's stock worth $156,000 after acquiring an additional 4,140 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of AerSale in the 4th quarter worth approximately $261,000. Barclays PLC raised its position in shares of AerSale by 17.3% in the 4th quarter. Barclays PLC now owns 51,618 shares of the company's stock worth $325,000 after acquiring an additional 7,615 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of AerSale by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 519,016 shares of the company's stock worth $3,269,000 after acquiring an additional 3,235 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new position in shares of AerSale in the 4th quarter worth approximately $92,000. Institutional investors own 69.48% of the company's stock.

AerSale Stock Down 0.7%

ASLE traded down $0.06 during trading on Friday, hitting $8.53. 369,225 shares of the company's stock traded hands, compared to its average volume of 556,980. The company's 50 day simple moving average is $7.19 and its two-hundred day simple moving average is $6.93. The company has a current ratio of 3.87, a quick ratio of 0.82 and a debt-to-equity ratio of 0.01. AerSale Corporation has a 12-month low of $4.53 and a 12-month high of $9.12. The stock has a market capitalization of $402.45 million, a price-to-earnings ratio of 60.93 and a beta of 0.27.

Analyst Ratings Changes

Several research analysts have recently issued reports on ASLE shares. Royal Bank Of Canada increased their target price on AerSale from $7.00 to $8.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 7th. Wall Street Zen lowered AerSale from a "strong-buy" rating to a "buy" rating in a research report on Friday. Finally, Truist Financial lowered AerSale from a "buy" rating to a "hold" rating and decreased their target price for the stock 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 company currently has an average rating of "Hold" and a consensus target price 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).