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

Emerald Advisers LLC decreased its stake in shares of AAR Corp. (NYSE:AIR) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 490,160 shares of the aerospace company’s stock after selling 1,246 shares during the quarter. Emerald Advisers LLC owned about 1.36% of AAR worth $30,037,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in AAR by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 3,840,885 shares of the aerospace company’s stock valued at $235,369,000 after purchasing an additional 58,694 shares during the period. Franklin Resources Inc. raised its position in 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. American Century Companies Inc. raised its position in AAR by 2.4% in the fourth quarter. American Century Companies Inc. now owns 893,822 shares of the aerospace company’s stock valued at $54,773,000 after purchasing an additional 20,794 shares during the period. Geode Capital Management LLC raised its position in AAR by 3.6% in the third quarter. Geode Capital Management LLC now owns 796,962 shares of the aerospace company’s stock valued at $52,101,000 after purchasing an additional 27,747 shares during the period. Finally, Loomis Sayles & Co. L P raised its position in AAR by 20.5% in the third quarter. Loomis Sayles & Co. L P now owns 790,267 shares of the aerospace company’s stock valued at $51,652,000 after purchasing an additional 134,215 shares during the period. Hedge funds and other institutional investors own 90.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on AIR. KeyCorp began coverage on AAR in a research report on Thursday, January 16th. They issued an “overweight” rating and a $83.00 target price on the stock. StockNews.com cut AAR from a “hold” rating to a “sell” rating in a research note on Wednesday, February 5th. 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $81.50.

AAR Trading Up 0.0 %

Shares of NYSE AIR opened at $67.83 on Friday. AAR Corp. has a twelve month low of $54.71 and a twelve month high of $76.34. The company has a current ratio of 2.68, a quick ratio of 1.27 and a debt-to-equity ratio of 0.84. The stock has a fifty day simple moving average of $66.98 and a 200-day simple moving average of $65.38. The stock has a market capitalization of $2.44 billion, a PE ratio of 242.26 and a beta of 1.58.

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

Insider Buying and Selling

In related news, CEO John Mcclain Holmes III sold 5,000 shares of the business’s 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 completion of the transaction, the chief executive officer now directly owns 341,680 shares of the company’s stock, valued at $24,194,360.80. The trade was a 1.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Sean M. Gillen sold 17,385 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now directly owns 72,326 shares of the company’s stock, valued at $4,797,383.58. The trade was a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 185,793 shares of company stock valued at $12,538,396 in the last three months. 4.10% of the stock is owned by corporate insiders.

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.