Emerald Advisers LLC Decreases Holdings in AAR Corp. (NYSE:AIR)

Emerald Advisers LLC trimmed its holdings in shares of AAR Corp. (NYSE:AIR) by 0.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 490,160 shares of the aerospace company’s stock after selling 1,246 shares during the period. Emerald Advisers LLC’s holdings in AAR were worth $30,037,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in AIR. KBC Group NV lifted its holdings in shares of AAR by 32.9% in the 3rd quarter. KBC Group NV now owns 1,324 shares of the aerospace company’s stock valued at $87,000 after purchasing an additional 328 shares during the last quarter. Natixis Advisors LLC lifted its holdings in shares of AAR by 96.4% in the 3rd quarter. Natixis Advisors LLC now owns 28,236 shares of the aerospace company’s stock valued at $1,846,000 after purchasing an additional 13,861 shares during the last quarter. Quest Partners LLC lifted its holdings in shares of AAR by 2,082.1% in the 3rd quarter. Quest Partners LLC now owns 9,776 shares of the aerospace company’s stock valued at $639,000 after purchasing an additional 9,328 shares during the last quarter. Intech Investment Management LLC lifted its holdings in shares of AAR by 89.1% in the 3rd quarter. Intech Investment Management LLC now owns 15,087 shares of the aerospace company’s stock valued at $986,000 after purchasing an additional 7,108 shares during the last quarter. Finally, Citigroup Inc. lifted its holdings in shares of AAR by 12.7% in the 3rd quarter. Citigroup Inc. now owns 71,869 shares of the aerospace company’s stock valued at $4,697,000 after purchasing an additional 8,113 shares during the last quarter. 90.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. KeyCorp began coverage on AAR in a report on Thursday, January 16th. They issued an “overweight” rating and a $83.00 target price for the company. StockNews.com downgraded AAR from a “hold” rating to a “sell” rating in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $81.50.

AAR Stock Up 0.0 %

AIR opened at $67.83 on Friday. The business has a 50 day moving average price of $66.98 and a two-hundred day moving average price of $65.38. The company has a quick ratio of 1.27, a current ratio of 2.68 and a debt-to-equity ratio of 0.84. The company has a market cap of $2.44 billion, a PE ratio of 242.26 and a beta of 1.58. AAR Corp. has a 52 week low of $54.71 and a 52 week high of $76.34.

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

Insiders Place Their Bets

In related news, CFO Sean M. Gillen sold 17,385 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $66.33, for a total value of $1,153,147.05. Following the sale, the chief financial officer now owns 72,326 shares in the company, valued at $4,797,383.58. This represents a 19.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO John Mcclain Holmes III sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $70.81, for a total value of $354,050.00. Following the completion of the sale, the chief executive officer now owns 341,680 shares in the company, valued at approximately $24,194,360.80. This represents a 1.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 185,793 shares of company stock worth $12,538,396. Company insiders own 4.10% of the company’s stock.

AAR Profile

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.