ExodusPoint Capital Management LP Grows Stock Position in AAR Corp. (NYSE:AIR)

ExodusPoint Capital Management LP boosted its stake in AAR Corp. (NYSE:AIR - Free Report) by 72.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,709 shares of the aerospace company's stock after acquiring an additional 15,014 shares during the period. ExodusPoint Capital Management LP owned 0.10% of AAR worth $2,188,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. National Bank of Canada FI purchased a new stake in AAR during the 3rd quarter valued at about $25,000. Smartleaf Asset Management LLC increased 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 acquiring an additional 561 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in AAR by 1,965.6% during the 4th quarter. Venturi Wealth Management LLC now owns 1,322 shares of the aerospace company's stock valued at $81,000 after purchasing an additional 1,258 shares during the last quarter. Toth Financial Advisory Corp raised its stake in shares of 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 during the last quarter. Finally, KBC Group NV boosted its stake in shares of AAR by 42.5% in the 4th quarter. KBC Group NV now owns 1,887 shares of the aerospace company's stock worth $116,000 after buying an additional 563 shares during the last quarter. 90.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on AIR. StockNews.com cut shares of AAR from a "hold" rating to a "sell" rating in a research note on Tuesday, April 8th. Truist Financial reduced their target price on shares of AAR from $81.00 to $78.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Finally, KeyCorp decreased their price objective on AAR from $83.00 to $80.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $80.20.

AAR Trading Up 1.1 %

AAR stock traded up $0.59 during mid-day trading on Monday, hitting $53.98. The company's stock had a trading volume of 19,415 shares, compared to its average volume of 279,919. The stock has a market cap of $1.95 billion, a PE ratio of 192.79 and a beta of 1.32. AAR Corp. has a one year low of $46.51 and a one year 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 company has a 50 day moving average of $62.70 and a 200-day moving average of $64.25.

AAR (NYSE:AIR - Get Free Report) last issued its earnings results on Thursday, March 27th. The aerospace company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.03. The business had revenue of $678.20 million during the quarter, compared to analysts' expectations of $699.13 million. AAR had a return on equity of 10.46% and a net margin of 0.41%. The business's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 EPS. On average, research analysts anticipate that AAR Corp. will post 3.77 EPS for the current year.

Insider Buying and Selling

In related news, CEO John Mcclain Holmes III sold 5,000 shares of the firm's stock in a transaction 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 transaction, the chief executive officer now owns 341,680 shares in the company, valued at $24,194,360.80. This trade represents a 1.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Christopher A. Jessup sold 33,481 shares of the company's stock in a transaction on 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 completion of the sale, the senior vice president now directly owns 63,209 shares in the company, valued at $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. 4.10% of the stock is currently owned by insiders.

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.