Allspring Global Investments Holdings LLC Boosts Holdings in AerSale Co. (NASDAQ:ASLE)

Allspring Global Investments Holdings LLC increased its stake in shares of AerSale Co. (NASDAQ:ASLEGet Rating) by 2,190.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 65,339 shares of the company’s stock after buying an additional 62,486 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in AerSale were worth $1,211,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Captrust Financial Advisors boosted its position in AerSale by 26.2% during the second quarter. Captrust Financial Advisors now owns 3,010 shares of the company’s stock worth $44,000 after purchasing an additional 625 shares during the period. Russell Investments Group Ltd. bought a new position in AerSale during the second quarter worth about $66,000. Denali Advisors LLC boosted its position in AerSale by 47.4% during the third quarter. Denali Advisors LLC now owns 5,600 shares of the company’s stock worth $104,000 after purchasing an additional 1,800 shares during the period. California State Teachers Retirement System boosted its position in AerSale by 34.6% during the first quarter. California State Teachers Retirement System now owns 6,797 shares of the company’s stock worth $107,000 after purchasing an additional 1,748 shares during the period. Finally, Bourgeon Capital Management LLC bought a new position in AerSale during the second quarter worth about $109,000.

Insider Buying and Selling

In related news, Director Jonathan A. Seiffer sold 112,100 shares of AerSale stock in a transaction on Wednesday, December 14th. The shares were sold at an average price of $10.00, for a total value of $1,121,000.00. Following the sale, the director now owns 17,569,821 shares in the company, valued at $175,698,210. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Jonathan A. Seiffer sold 112,100 shares of AerSale stock in a transaction on Wednesday, December 14th. The shares were sold at an average price of $10.00, for a total value of $1,121,000.00. Following the sale, the director now owns 17,569,821 shares in the company, valued at $175,698,210. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jonathan A. Seiffer sold 4,452,249 shares of the business’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $14.80, for a total transaction of $65,893,285.20. Following the sale, the director now owns 19,133,741 shares in the company, valued at approximately $283,179,366.80. The disclosure for this sale can be found here. 69.50% of the stock is owned by insiders.

Analysts Set New Price Targets

ASLE has been the subject of a number of analyst reports. Truist Financial raised their price objective on shares of AerSale from $19.00 to $23.00 in a research report on Monday, January 9th. Royal Bank of Canada initiated coverage on shares of AerSale in a research report on Tuesday, November 29th. They issued an “outperform” rating and a $21.00 price objective for the company.

AerSale Stock Performance

ASLE stock opened at $17.19 on Friday. The company has a market capitalization of $890.01 million, a PE ratio of 20.71 and a beta of 0.40. AerSale Co. has a one year low of $12.78 and a one year high of $21.76. The company’s 50 day moving average price is $16.01 and its two-hundred day moving average price is $17.86.

AerSale (NASDAQ:ASLEGet Rating) last posted its quarterly earnings results on Tuesday, November 8th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.08). AerSale had a return on equity of 14.20% and a net margin of 10.66%. The business had revenue of $51.00 million for the quarter, compared to analysts’ expectations of $72.31 million. On average, research analysts predict that AerSale Co. will post 1.13 EPS for the current year.

AerSale Profile

(Get Rating)

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).

Featured Articles

Want to see what other hedge funds are holding ASLE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AerSale Co. (NASDAQ:ASLEGet Rating).

Institutional Ownership by Quarter for AerSale (NASDAQ:ASLE)

Receive News & Ratings for AerSale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AerSale and related companies with MarketBeat.com's FREE daily email newsletter.