AEVEX Corp. (NYSE:AVEX – Get Free Report) major shareholder Madison Dearborn Partners Llc sold 2,273,843 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $25.99, for a total value of $59,097,179.57. Following the completion of the sale, the insider directly owned 22,861,457 shares of the company’s stock, valued at $594,169,267.43. This trade represents a 9.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
AEVEX Stock Up 0.4%
Shares of AVEX traded up $0.10 during midday trading on Monday, reaching $22.97. The company had a trading volume of 2,107,243 shares, compared to its average volume of 2,798,529. AEVEX Corp. has a 1-year low of $22.27 and a 1-year high of $42.34.
Analyst Ratings Changes
AVEX has been the subject of a number of research reports. Bank of America initiated coverage on shares of AEVEX in a research report on Tuesday, May 12th. They set a “buy” rating and a $34.00 price target on the stock. Wall Street Zen raised shares of AEVEX to a “hold” rating in a research report on Saturday, April 25th. Needham & Company LLC reissued a “buy” rating and set a $45.00 price target on shares of AEVEX in a research report on Thursday, May 21st. William Blair initiated coverage on shares of AEVEX in a research report on Tuesday, May 12th. They set an “outperform” rating on the stock. Finally, Robert W. Baird initiated coverage on shares of AEVEX in a research report on Tuesday, May 12th. They set an “outperform” rating and a $38.00 price target on the stock. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, AEVEX presently has a consensus rating of “Moderate Buy” and an average target price of $35.63.
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