Bank of New York Mellon Corp Purchases 6,877 Shares of AerSale Co. (NASDAQ:ASLE)

Bank of New York Mellon Corp boosted its position in AerSale Co. (NASDAQ:ASLE) by 7.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,651 shares of the company’s stock after purchasing an additional 6,877 shares during the quarter. Bank of New York Mellon Corp’s holdings in AerSale were worth $596,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Spire Wealth Management bought a new position in shares of AerSale in the fourth quarter worth $27,000. Bfsg LLC acquired a new stake in shares of AerSale during the fourth quarter valued at about $68,000. Virtu Financial LLC bought a new position in shares of AerSale during the third quarter valued at $82,000. Bleakley Financial Group LLC acquired a new stake in shares of AerSale in the fourth quarter valued at about $86,000. Finally, SG Americas Securities LLC boosted its stake in shares of AerSale by 46.4% in the 4th quarter. SG Americas Securities LLC now owns 17,073 shares of the company’s stock valued at $108,000 after purchasing an additional 5,408 shares during the last quarter. 69.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on ASLE. Royal Bank of Canada lifted their target price on AerSale from $7.00 to $8.00 and gave the stock a “sector perform” rating in a report on Friday, March 7th. TD Cowen upgraded shares of AerSale to a “hold” rating in a research report on Thursday, December 19th.

AerSale Price Performance

Shares of AerSale stock opened at $8.32 on Friday. The business has a 50-day simple moving average of $7.29 and a 200 day simple moving average of $6.26. AerSale Co. has a one year low of $4.53 and a one year high of $9.40. The firm has a market capitalization of $443.27 million, a price-to-earnings ratio of 832.83 and a beta of 0.29.

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).