Blair William & Co. IL Boosts Holdings in AAR Corp. (NYSE:AIR)

Blair William & Co. IL lifted its stake in shares of AAR Corp. (NYSE:AIR) by 28.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,962 shares of the aerospace company’s stock after buying an additional 10,280 shares during the quarter. Blair William & Co. IL’s holdings in AAR were worth $2,817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. National Bank of Canada FI purchased a new position in shares of AAR during the 3rd quarter worth approximately $25,000. Smartleaf Asset Management LLC boosted its position in shares of AAR by 124.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the aerospace company’s stock valued at $62,000 after purchasing an additional 561 shares in the last quarter. Venturi Wealth Management LLC grew its stake in AAR by 1,965.6% in the fourth quarter. Venturi Wealth Management LLC now owns 1,322 shares of the aerospace company’s stock worth $81,000 after purchasing an additional 1,258 shares during the period. Toth Financial Advisory Corp raised its holdings in AAR by 133.3% in the fourth quarter. Toth Financial Advisory Corp now owns 1,400 shares of the aerospace company’s stock worth $86,000 after purchasing an additional 800 shares in the last quarter. Finally, KBC Group NV lifted its position in AAR by 42.5% during the fourth quarter. KBC Group NV now owns 1,887 shares of the aerospace company’s stock valued at $116,000 after buying an additional 563 shares during the period. 90.74% of the stock is owned by institutional investors.

Insider Activity at AAR

In related news, CEO John Mcclain Holmes III sold 128,427 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $66.76, for a total transaction of $8,573,786.52. Following the transaction, the chief executive officer now owns 346,680 shares in the company, valued at $23,144,356.80. This represents a 27.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jessica A. Garascia sold 1,500 shares of AAR stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $66.90, for a total transaction of $100,350.00. Following the completion of the sale, the chief accounting officer now directly owns 37,565 shares of the company’s stock, valued at approximately $2,513,098.50. This trade represents a 3.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 185,793 shares of company stock valued at $12,538,396 over the last ninety days. Insiders own 4.10% of the company’s stock.

AAR Stock Down 1.9 %

Shares of AAR stock opened at $56.07 on Tuesday. The company has a 50-day simple moving average of $66.40 and a two-hundred day simple moving average of $65.38. AAR Corp. has a 52-week low of $54.22 and a 52-week high of $76.34. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.27 and a current ratio of 2.68. The stock has a market capitalization of $2.01 billion, a PE ratio of 200.25 and a beta of 1.58.

AAR (NYSE:AIR) last released its quarterly earnings data on Thursday, March 27th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.03. AAR had a return on equity of 10.46% and a net margin of 0.41%. The business had revenue of $678.20 million for the quarter, compared to analysts’ expectations of $699.13 million. During the same period in the prior year, the firm posted $0.85 EPS. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. On average, analysts anticipate that AAR Corp. will post 3.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. StockNews.com lowered shares of AAR from a “hold” rating to a “sell” rating in a research note on Saturday. KeyCorp began coverage on shares of AAR in a report on Thursday, January 16th. They set an “overweight” rating and a $83.00 target price for the company. Finally, Truist Financial dropped their price target on AAR from $81.00 to $78.00 and set a “buy” rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.80.

AAR Company 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.