Intech Investment Management LLC Buys 8,559 Shares of AAR Corp. (NYSE:AIR)

Intech Investment Management LLC boosted its stake in shares of AAR Corp. (NYSE:AIR) by 56.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,646 shares of the aerospace company’s stock after buying an additional 8,559 shares during the period. Intech Investment Management LLC owned approximately 0.07% of AAR worth $1,449,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. National Bank of Canada FI bought a new position in AAR during the 3rd quarter valued at approximately $25,000. Smartleaf Asset Management LLC increased its position in AAR by 124.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the aerospace company’s stock valued at $62,000 after buying an additional 561 shares in the last quarter. Venturi Wealth Management LLC increased its position in AAR by 1,965.6% during the 4th quarter. Venturi Wealth Management LLC now owns 1,322 shares of the aerospace company’s stock valued at $81,000 after buying an additional 1,258 shares in the last quarter. KBC Group NV increased its position in AAR by 32.9% during the 3rd quarter. KBC Group NV now owns 1,324 shares of the aerospace company’s stock valued at $87,000 after buying an additional 328 shares in the last quarter. Finally, Toth Financial Advisory Corp increased its position in AAR by 133.3% during the 4th quarter. Toth Financial Advisory Corp now owns 1,400 shares of the aerospace company’s stock valued at $86,000 after buying an additional 800 shares in the last quarter. Institutional investors own 90.74% of the company’s stock.

Wall Street Analyst Weigh In

AIR has been the topic of several recent analyst reports. StockNews.com downgraded AAR from a “hold” rating to a “sell” rating in a research note on Wednesday, February 5th. KeyCorp initiated coverage on AAR in a research note on Thursday, January 16th. They set an “overweight” rating and a $83.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, AAR currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.50.

AAR Stock Performance

AIR stock opened at $67.83 on Friday. The company has a market cap of $2.44 billion, a P/E ratio of 242.26 and a beta of 1.58. AAR Corp. has a 1 year low of $54.71 and a 1 year high of $76.34. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.68 and a quick ratio of 1.27. The stock’s fifty day moving average price is $66.98 and its 200-day moving average price is $65.37.

AAR (NYSE:AIR) last released its quarterly earnings results on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.07. The firm had revenue of $686.10 million for the quarter, compared to the consensus estimate of $654.47 million. AAR had a return on equity of 10.46% and a net margin of 0.41%. The company’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same period last year, the business posted $0.81 EPS. On average, equities analysts forecast that AAR Corp. will post 3.77 earnings per share for the current year.

Insider Transactions at AAR

In related news, CEO John Mcclain Holmes III sold 5,000 shares of AAR stock in a transaction on Friday, January 17th. The stock was sold at an average price of $70.81, for a total transaction of $354,050.00. Following the transaction, the chief executive officer now directly owns 341,680 shares in the company, valued at approximately $24,194,360.80. The trade was a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sean M. Gillen sold 17,385 shares of AAR stock in a transaction on Friday, January 10th. The shares were sold at an average price of $66.33, for a total value of $1,153,147.05. Following the transaction, the chief financial officer now owns 72,326 shares in the company, valued at $4,797,383.58. This trade represents a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 185,793 shares of company stock worth $12,538,396 in the last ninety days. Insiders own 4.10% of the company’s stock.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Parts Supply segment leases and sells aircraft components and replacement parts. The Repair & Engineering segment provides airframe maintenance services, such as airframe inspection, painting, line maintenance, airframe modification, structural repair, avionics service and installation, exterior and interior refurbishment, and engineering and support services; component repair services comprising maintenance, repair, and overhaul (MRO) services, engine and airframe accessories, and interior refurbishment; and landing gear overhaul services, including repair services on wheels and brakes.