AAR Corp. (NYSE:AIR) Shares Bought by American Century Companies Inc.

American Century Companies Inc. boosted its position in AAR Corp. (NYSE:AIR) by 2.4% during the 4th quarter, HoldingsChannel reports. The firm owned 893,822 shares of the aerospace company’s stock after buying an additional 20,794 shares during the quarter. American Century Companies Inc.’s holdings in AAR were worth $54,773,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. increased its stake in shares of AAR by 13.4% in the third quarter. Franklin Resources Inc. now owns 969,741 shares of the aerospace company’s stock valued at $59,591,000 after purchasing an additional 114,460 shares during the period. Raymond James Financial Inc. acquired a new stake in AAR in the 4th quarter valued at approximately $6,849,000. Principal Financial Group Inc. raised its stake in AAR by 18.5% during the 3rd quarter. Principal Financial Group Inc. now owns 500,200 shares of the aerospace company’s stock valued at $32,693,000 after acquiring an additional 77,974 shares in the last quarter. Great Lakes Advisors LLC acquired a new position in AAR during the 4th quarter worth $3,104,000. Finally, Barclays PLC grew its stake in shares of AAR by 269.4% in the third quarter. Barclays PLC now owns 66,223 shares of the aerospace company’s stock worth $4,328,000 after purchasing an additional 48,298 shares in the last quarter. 90.74% of the stock is currently owned by institutional investors.

Insider Buying and Selling at AAR

In other news, SVP Christopher A. Jessup sold 33,481 shares of AAR stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $70.40, for a total value of $2,357,062.40. Following the transaction, the senior vice president now directly owns 63,209 shares of the company’s stock, valued at $4,449,913.60. This trade represents a 34.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO John Mcclain Holmes III sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $70.81, for a total transaction of $354,050.00. Following the sale, the chief executive officer now owns 341,680 shares in the company, valued at $24,194,360.80. This represents a 1.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 185,793 shares of company stock valued at $12,538,396. Corporate insiders own 4.10% of the company’s stock.

AAR Stock Performance

Shares of AIR stock opened at $69.62 on Thursday. The stock has a 50-day simple moving average of $66.99 and a 200 day simple moving average of $65.47. The stock has a market capitalization of $2.50 billion, a P/E ratio of 248.65 and a beta of 1.58. AAR Corp. has a fifty-two week low of $54.71 and a fifty-two week high of $76.34. The company has a quick ratio of 1.27, a current ratio of 2.68 and a debt-to-equity ratio of 0.84.

AAR (NYSE:AIR) last announced its quarterly earnings data 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 net margin of 0.41% and a return on equity of 10.46%. 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 company posted $0.81 EPS. The business’s revenue was up 25.8% compared to the same quarter last year. On average, sell-side analysts expect that AAR Corp. will post 3.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AIR. StockNews.com cut shares of AAR from a “hold” rating to a “sell” rating in a research note on Wednesday, February 5th. KeyCorp began coverage on shares of AAR in a research note on Thursday, January 16th. They issued an “overweight” rating and a $83.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $81.50.

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.