Lazard Asset Management LLC Buys 13,181 Shares of AerSale Co. (NASDAQ:ASLE)

Lazard Asset Management LLC grew its stake in AerSale Co. (NASDAQ:ASLEGet Rating) by 1,058.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,426 shares of the company’s stock after acquiring an additional 13,181 shares during the period. Lazard Asset Management LLC’s holdings in AerSale were worth $209,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of ASLE. Vanguard Group Inc. lifted its position in shares of AerSale by 73.8% in the 1st quarter. Vanguard Group Inc. now owns 855,520 shares of the company’s stock worth $13,449,000 after purchasing an additional 363,292 shares during the period. BlackRock Inc. lifted its position in shares of AerSale by 55.4% in the 1st quarter. BlackRock Inc. now owns 917,919 shares of the company’s stock worth $14,430,000 after purchasing an additional 327,380 shares during the period. Private Capital Management LLC lifted its position in shares of AerSale by 18.7% in the 1st quarter. Private Capital Management LLC now owns 359,271 shares of the company’s stock worth $5,648,000 after purchasing an additional 56,592 shares during the period. Northern Trust Corp lifted its position in AerSale by 57.8% during the first quarter. Northern Trust Corp now owns 131,840 shares of the company’s stock valued at $2,073,000 after acquiring an additional 48,276 shares during the last quarter. Finally, State Street Corp lifted its position in AerSale by 31.4% during the first quarter. State Street Corp now owns 175,115 shares of the company’s stock valued at $2,753,000 after acquiring an additional 41,867 shares during the last quarter.

AerSale Stock Down 1.1 %

NASDAQ:ASLE opened at $15.79 on Monday. AerSale Co. has a 52 week low of $12.78 and a 52 week high of $21.76. The firm has a 50 day moving average of $19.06 and a 200 day moving average of $17.25. The stock has a market capitalization of $817.53 million, a price-to-earnings ratio of 19.02 and a beta of 0.51.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ASLE shares. Cowen increased their target price on shares of AerSale to $20.00 in a research report on Monday, August 15th. Stifel Nicolaus started coverage on shares of AerSale in a research report on Thursday, September 1st. They set a “buy” rating and a $23.00 target price for the company.

AerSale Profile

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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).

Further Reading

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Institutional Ownership by Quarter for AerSale (NASDAQ:ASLE)

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