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

Blair William & Co. IL grew its holdings in AAR Corp. (NYSE:AIR) by 28.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,962 shares of the aerospace company’s stock after purchasing an additional 10,280 shares during the period. Blair William & Co. IL owned approximately 0.13% of AAR worth $2,817,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AIR. Franklin Resources Inc. lifted its position in shares of AAR by 13.4% during the third quarter. Franklin Resources Inc. now owns 969,741 shares of the aerospace company’s stock worth $59,591,000 after acquiring an additional 114,460 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of AAR during the 4th quarter valued at $6,849,000. JPMorgan Chase & Co. lifted its holdings in AAR by 215.9% during the 4th quarter. JPMorgan Chase & Co. now owns 128,676 shares of the aerospace company’s stock worth $7,885,000 after purchasing an additional 87,939 shares in the last quarter. Principal Financial Group Inc. boosted its stake in AAR by 18.5% in the 3rd quarter. Principal Financial Group Inc. now owns 500,200 shares of the aerospace company’s stock worth $32,693,000 after purchasing an additional 77,974 shares during the period. Finally, Vanguard Group Inc. grew its holdings in AAR by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 3,840,885 shares of the aerospace company’s stock valued at $235,369,000 after buying an additional 58,694 shares in the last quarter. 90.74% of the stock is currently owned by hedge funds and other institutional investors.

AAR Stock Down 1.9 %

Shares of AIR opened at $56.07 on Tuesday. AAR Corp. has a 1 year low of $54.22 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 has a 50 day simple moving average of $66.40 and a two-hundred day simple moving average of $65.38. The firm has a market cap of $2.01 billion, a P/E ratio of 200.25 and a beta of 1.58.

AAR (NYSE:AIR) last issued its earnings results on Thursday, March 27th. The aerospace company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. AAR had a net margin of 0.41% and a return on equity of 10.46%. The company had revenue of $678.20 million for the quarter, compared to analysts’ expectations of $699.13 million. During the same quarter last year, the company earned $0.85 EPS. The firm’s revenue was up 19.5% compared to the same quarter last year. On average, analysts forecast that AAR Corp. will post 3.77 earnings per share for the current fiscal year.

Insider Activity

In other AAR news, CEO John Mcclain Holmes III sold 5,000 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now owns 341,680 shares of the company’s stock, valued at $24,194,360.80. This represents a 1.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Christopher A. Jessup sold 33,481 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $70.40, for a total transaction 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 approximately $4,449,913.60. This trade represents a 34.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 185,793 shares of company stock valued at $12,538,396. Insiders own 4.10% of the company’s stock.

Analyst Ratings Changes

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

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.