AAR Corp. (NYSE:AIR) Shares Sold by Phocas Financial Corp.

Phocas Financial Corp. reduced its stake in shares of AAR Corp. (NYSE:AIR - Free Report) by 85.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,289 shares of the aerospace company's stock after selling 115,520 shares during the period. Phocas Financial Corp. owned approximately 0.06% of AAR worth $1,243,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in AIR. Loomis Sayles & Co. L P boosted its position in shares of AAR by 20.5% during the 3rd quarter. Loomis Sayles & Co. L P now owns 790,267 shares of the aerospace company's stock worth $51,652,000 after purchasing an additional 134,215 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of AAR by 13.4% during the 3rd quarter. Franklin Resources Inc. now owns 969,741 shares of the aerospace company's stock worth $59,591,000 after purchasing an additional 114,460 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of AAR by 18.5% during 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 in the last quarter. Barclays PLC boosted its position in shares of AAR by 269.4% during the 3rd 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. Finally, Canal Insurance CO boosted its position in shares of AAR by 124.3% during the 4th quarter. Canal Insurance CO now owns 72,000 shares of the aerospace company's stock worth $4,412,000 after purchasing an additional 39,900 shares in the last quarter. 90.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at AAR

In related news, CAO Jessica A. Garascia sold 1,500 shares of the business's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $66.90, for a total value of $100,350.00. Following the completion of the transaction, the chief accounting officer now owns 37,565 shares of the company's stock, valued at approximately $2,513,098.50. The trade was a 3.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Sean M. Gillen sold 17,385 shares of the business's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $66.33, for a total transaction of $1,153,147.05. Following the completion of 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 position. 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. 4.10% of the stock is owned by insiders.

AAR Price Performance

Shares of AAR stock traded up $0.04 on Friday, hitting $64.88. The company's stock had a trading volume of 163,497 shares, compared to its average volume of 233,654. AAR Corp. has a 52-week low of $54.71 and a 52-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. The firm has a fifty day moving average price of $65.94 and a 200-day moving average price of $65.17. The company has a market capitalization of $2.33 billion, a P/E ratio of 231.72 and a beta of 1.61.

AAR (NYSE:AIR - Get Free Report) last announced its earnings results on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share for the quarter, beating 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 firm had revenue of $686.10 million during the quarter, compared to the consensus estimate of $654.47 million. During the same quarter in the previous year, the company posted $0.81 EPS. The firm's revenue for the quarter was up 25.8% on a year-over-year basis. On average, equities research analysts expect that AAR Corp. will post 3.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. StockNews.com lowered shares of AAR from a "hold" rating to a "sell" rating in a research report on Wednesday, February 5th. Royal Bank of Canada reiterated an "outperform" rating and issued a $75.00 price objective on shares of AAR in a research report on Monday, November 4th. Finally, KeyCorp began coverage on shares of AAR in a research report on Thursday, January 16th. They issued an "overweight" rating and a $83.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.