Bank of New York Mellon Corp Has $1.69 Million Holdings in AerSale Co. (NASDAQ:ASLE)

Bank of New York Mellon Corp lifted its holdings in AerSale Co. (NASDAQ:ASLEFree Report) by 9.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,780 shares of the company’s stock after purchasing an additional 9,366 shares during the quarter. Bank of New York Mellon Corp owned 0.22% of AerSale worth $1,685,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Ensign Peak Advisors Inc bought a new stake in shares of AerSale in the third quarter worth $30,000. Citigroup Inc. increased its holdings in AerSale by 149.7% during the fourth quarter. Citigroup Inc. now owns 2,125 shares of the company’s stock worth $34,000 after buying an additional 1,274 shares during the last quarter. Captrust Financial Advisors increased its holdings 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 buying an additional 625 shares during the last quarter. Gyon Technologies Capital Management LP acquired a new position in AerSale during the fourth quarter worth $55,000. Finally, Tower Research Capital LLC TRC increased its holdings in AerSale by 267.8% during the third quarter. Tower Research Capital LLC TRC now owns 3,435 shares of the company’s stock worth $63,000 after buying an additional 2,501 shares during the last quarter. Institutional investors own 69.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial lowered their target price on shares of AerSale from $23.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, November 9th.

View Our Latest Report on AerSale

AerSale Trading Up 5.6 %

ASLE opened at $9.06 on Wednesday. AerSale Co. has a twelve month low of $8.32 and a twelve month high of $20.81. The company has a 50-day simple moving average of $12.00 and a 200 day simple moving average of $13.69. The company has a quick ratio of 1.50, a current ratio of 5.03 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $479.73 million, a price-to-earnings ratio of 100.67 and a beta of 0.27.

AerSale (NASDAQ:ASLEGet Free Report) last posted its quarterly earnings data on Wednesday, November 8th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.19). AerSale had a return on equity of 0.63% and a net margin of 1.90%. The firm had revenue of $92.48 million for the quarter, compared to the consensus estimate of $119.79 million. Analysts predict that AerSale Co. will post 0.32 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Jonathan A. Seiffer sold 4,000,000 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $12.50, for a total transaction of $50,000,000.00. Following the completion of the sale, the director now owns 9,569,821 shares of the company’s stock, valued at $119,622,762.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Jonathan A. Seiffer sold 4,000,000 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $12.50, for a total value of $50,000,000.00. Following the completion of the transaction, the director now owns 9,569,821 shares of the company’s stock, valued at $119,622,762.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Frederick Craig Wright acquired 2,000 shares of the stock in a transaction dated Monday, November 13th. The stock was purchased at an average cost of $13.31 per share, with a total value of $26,620.00. Following the purchase, the insider now directly owns 2,000 shares of the company’s stock, valued at $26,620. The disclosure for this purchase can be found here. 50.60% of the stock is currently owned by company insiders.

AerSale Profile

(Free Report)

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).

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Institutional Ownership by Quarter for AerSale (NASDAQ:ASLE)

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