Vanguard Group Inc. Boosts Holdings in AerSale Co. (NASDAQ:ASLE)

Vanguard Group Inc. grew its position in shares of AerSale Co. (NASDAQ:ASLE) by 4.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,601,916 shares of the company’s stock after purchasing an additional 63,615 shares during the period. Vanguard Group Inc. owned approximately 3.02% of AerSale worth $11,502,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Psagot Value Holdings Ltd. Israel boosted its stake in AerSale by 783.1% during the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 4,230 shares of the company’s stock valued at $54,000 after buying an additional 3,751 shares during the period. Trexquant Investment LP bought a new stake in shares of AerSale during the 4th quarter valued at about $190,000. PNC Financial Services Group Inc. grew its holdings in shares of AerSale by 38.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 16,684 shares of the company’s stock worth $212,000 after purchasing an additional 4,650 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of AerSale in the first quarter worth approximately $399,000. Finally, Swiss National Bank raised its stake in AerSale by 13.6% in the first quarter. Swiss National Bank now owns 57,500 shares of the company’s stock valued at $413,000 after purchasing an additional 6,900 shares in the last quarter. 69.48% of the stock is currently owned by hedge funds and other institutional investors.

AerSale Trading Up 1.0 %

Shares of ASLE opened at $5.10 on Wednesday. AerSale Co. has a fifty-two week low of $4.88 and a fifty-two week high of $16.69. The firm has a market cap of $270.35 million, a price-to-earnings ratio of -510.00 and a beta of 0.25. The firm has a 50 day moving average price of $6.61 and a 200-day moving average price of $7.45. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.11 and a current ratio of 7.17.

AerSale (NASDAQ:ASLE) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.15). The business had revenue of $77.10 million during the quarter, compared to the consensus estimate of $87.66 million. AerSale had a negative return on equity of 0.87% and a net margin of 0.20%. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.08) earnings per share. As a group, equities research analysts forecast that AerSale Co. will post 0.32 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on ASLE. Truist Financial cut their price target on shares of AerSale from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Royal Bank of Canada reduced their target price on AerSale from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 8th. Finally, Stifel Nicolaus dropped their price target on AerSale from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, August 9th.

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).