Vanguard Group Inc. Boosts Holdings in AAR Corp. (NYSE:AIR)

Vanguard Group Inc. boosted its position in AAR Corp. (NYSE:AIR - Free Report) by 1.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,840,885 shares of the aerospace company's stock after buying an additional 58,694 shares during the period. Vanguard Group Inc. owned approximately 10.69% of AAR worth $235,369,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. National Bank of Canada FI acquired a new position in AAR during the 3rd quarter valued at about $25,000. Smartleaf Asset Management LLC lifted its holdings in shares of AAR by 124.4% in 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 boosted its position in shares of AAR by 1,965.6% during the fourth quarter. Venturi Wealth Management LLC now owns 1,322 shares of the aerospace company's stock valued at $81,000 after buying an additional 1,258 shares during the last quarter. Toth Financial Advisory Corp grew its holdings in AAR by 133.3% during the fourth quarter. Toth Financial Advisory Corp now owns 1,400 shares of the aerospace company's stock worth $86,000 after buying an additional 800 shares in the last quarter. Finally, KBC Group NV raised its position in AAR by 42.5% in the 4th 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 last quarter. 90.74% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Insider Buying and Selling at AAR

In other news, CFO Sean M. Gillen sold 17,385 shares of AAR 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 completion of the transaction, the chief financial officer now directly owns 72,326 shares in the company, valued at approximately $4,797,383.58. The trade was a 19.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John Mcclain Holmes III sold 128,427 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $66.76, for a total value of $8,573,786.52. Following the sale, the chief executive officer now directly owns 346,680 shares in the company, valued at $23,144,356.80. This trade represents a 27.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 185,793 shares of company stock valued at $12,538,396 over the last three months. 4.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. StockNews.com downgraded shares of AAR from a "hold" rating to a "sell" rating in a report on Tuesday. KeyCorp cut their price target on shares of AAR from $83.00 to $80.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Finally, Truist Financial decreased 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, March 28th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $80.20.

AAR Stock Performance

Shares of NYSE:AIR traded down $2.04 during midday trading on Thursday, reaching $52.15. The company had a trading volume of 340,197 shares, compared to its average volume of 280,878. AAR Corp. has a 52-week low of $46.51 and a 52-week high of $76.34. The company's 50 day moving average price is $62.98 and its 200 day moving average price is $64.32. 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 market cap of $1.88 billion, a P/E ratio of 186.24 and a beta of 1.32.

AAR (NYSE:AIR - Get Free Report) last released its earnings results on Thursday, March 27th. The aerospace company reported $0.99 earnings per share for the quarter, beating 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 firm had revenue of $678.20 million for the quarter, compared to analysts' expectations of $699.13 million. During the same period in the previous year, the company earned $0.85 earnings per share. The company's quarterly revenue was up 19.5% on a year-over-year basis. As a group, sell-side analysts anticipate that AAR Corp. will post 3.77 EPS for the current fiscal year.

AAR 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.