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

Bank of New York Mellon Corp grew its position in shares of AerSale Co. (NASDAQ:ASLE) by 7.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,651 shares of the company’s stock after buying an additional 6,877 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.18% of AerSale worth $596,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Spire Wealth Management acquired a new position in AerSale in the fourth quarter valued at approximately $27,000. Bfsg LLC bought a new stake in shares of AerSale during the 4th quarter valued at $68,000. Virtu Financial LLC bought a new stake in shares of AerSale during the 3rd quarter valued at $82,000. Bleakley Financial Group LLC acquired a new position in shares of AerSale in the 4th quarter valued at $86,000. Finally, SG Americas Securities LLC boosted its position 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 worth $108,000 after purchasing an additional 5,408 shares during the last quarter. Institutional investors and hedge funds own 69.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ASLE shares. Royal Bank of Canada upped their price objective on AerSale from $7.00 to $8.00 and gave the company a “sector perform” rating in a report on Friday, March 7th. TD Cowen raised AerSale to a “hold” rating in a research note on Thursday, December 19th.

AerSale Stock Down 1.0 %

Shares of ASLE stock opened at $8.32 on Friday. AerSale Co. has a 12-month low of $4.53 and a 12-month high of $9.40. The firm has a fifty day moving average of $7.29 and a 200-day moving average of $6.26. 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 Company 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).