Nuveen LLC Invests $1.97 Million in AerSale Corporation $ASLE

Key Points

• Nuveen LLC has made a new investment in AerSale Corporation, acquiring 262,472 shares valued at approximately $1.97 million, representing 0.56% ownership.
• Several institutional investors have increased their stakes in AerSale, with GAMMA Investing LLC raising its holdings by 3,427.5% during the same quarter.
• AerSale's stock has received mixed ratings, with Wall Street Zen upgrading it to a "strong-buy", while Truist Financial lowered its rating to "hold" with a reduced price target of $6.00.

Nuveen LLC bought a new stake in shares of AerSale Corporation (NASDAQ:ASLE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 262,472 shares of the company's stock, valued at approximately $1,966,000. Nuveen LLC owned approximately 0.56% of AerSale as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of AerSale by 37.8% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,536 shares of the company's stock valued at $41,000 after purchasing an additional 1,519 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in AerSale by 25.1% during the 4th 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 in the last quarter. SBI Securities Co. Ltd. boosted its position in AerSale by 85.4% during the 1st quarter. SBI Securities Co. Ltd. now owns 6,732 shares of the company's stock valued at $50,000 after acquiring an additional 3,100 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of AerSale by 0.6% during 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 during the period. Finally, 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. 69.48% of the stock is currently owned by institutional investors.

AerSale Stock Up 1.5%

Shares of AerSale stock traded up $0.13 on Thursday, reaching $8.59. The company's stock had a trading volume of 459,631 shares, compared to its average volume of 614,077. The company has a market capitalization of $405.28 million, a price-to-earnings ratio of 61.36 and a beta of 0.27. The company has a quick ratio of 0.82, a current ratio of 3.87 and a debt-to-equity ratio of 0.01. AerSale Corporation has a 52 week low of $4.53 and a 52 week high of $9.12. The firm's fifty day simple moving average is $7.14 and its two-hundred day simple moving average is $6.92.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ASLE. Royal Bank Of Canada lifted 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. Truist Financial cut shares of AerSale from a "buy" rating to a "hold" rating and dropped their target price for the company from $8.00 to $6.00 in a report on Friday, July 11th. Finally, Wall Street Zen upgraded shares of AerSale from a "sell" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $7.00.

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).