Madison Dearborn Partners Llc Sells 2,273,843 Shares of AEVEX (NYSE:AVEX) Stock

AEVEX Corp. (NYSE:AVEX) major shareholder Madison Dearborn Partners Llc sold 2,273,843 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $25.99, for a total value of $59,097,179.57. Following the transaction, 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 SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

AEVEX Stock Down 3.5%

AVEX opened at $22.20 on Wednesday. AEVEX Corp. has a 12-month low of $21.33 and a 12-month high of $42.34.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AVEX shares. Royal Bank Of Canada started coverage on AEVEX in a research report on Tuesday, May 12th. They issued an “outperform” rating and a $31.00 price objective for the company. Raymond James Financial started coverage on AEVEX in a research report on Tuesday, May 12th. They issued an “outperform” rating and a $35.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on AEVEX from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. William Blair started coverage on AEVEX in a research report on Tuesday, May 12th. They issued an “outperform” rating for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 price objective on shares of AEVEX in a research report on Thursday, May 21st. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.63.