AEVEX (NYSE:AVEX) Shares Up 4.1% – What’s Next?

AEVEX Corp. (NYSE:AVEX)’s share price was up 4.1% on Monday . The stock traded as high as $18.57 and last traded at $17.90. 2,814,533 shares traded hands during mid-day trading, an increase of 3% from the average daily volume of 2,732,921 shares. The stock had previously closed at $17.20.

Wall Street Analysts Forecast Growth

AVEX has been the subject of a number of recent research reports. William Blair assumed coverage on AEVEX in a report on Tuesday, May 12th. They issued an “outperform” rating for the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $33.00 target price on shares of AEVEX in a report on Monday, May 25th. Raymond James Financial assumed coverage on AEVEX in a research report on Tuesday, May 12th. They issued an “outperform” rating and a $35.00 price target on the stock. The Goldman Sachs Group initiated coverage on AEVEX in a research note on Tuesday, May 12th. They issued a “buy” rating and a $34.00 price target for the company. Finally, Zacks Research upgraded AEVEX to a “hold” rating in a research report on Wednesday, May 13th. 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.62.

AEVEX Stock Performance

The business has a fifty day moving average of $25.93.

Insider Activity

In other news, CFO Todd Booth bought 13,000 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The shares were acquired at an average price of $20.00 per share, for a total transaction of $260,000.00. Following the completion of the acquisition, the chief financial officer directly owned 13,000 shares in the company, valued at approximately $260,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Madison Dearborn Partners Llc sold 2,273,843 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $25.99, for a total transaction of $59,097,179.57. Following the completion of the transaction, the insider owned 22,861,457 shares in the company, valued at approximately $594,169,267.43. The trade was a 9.05% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have purchased 74,150 shares of company stock valued at $1,483,000.