AAR Corp. (NYSE:AIR) Shares Purchased by Blair William & Co. IL

Blair William & Co. IL lifted its position in AAR Corp. (NYSE:AIR - Free Report) by 28.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,962 shares of the aerospace company's stock after purchasing an additional 10,280 shares during the quarter. Blair William & Co. IL owned about 0.13% of AAR worth $2,817,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. National Bank of Canada FI bought a new stake in AAR in the 3rd quarter worth approximately $25,000. Smartleaf Asset Management LLC grew 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 increased its position in AAR by 1,965.6% in the fourth quarter. Venturi Wealth Management LLC now owns 1,322 shares of the aerospace company's stock worth $81,000 after purchasing an additional 1,258 shares during the last quarter. Toth Financial Advisory Corp raised its stake in AAR by 133.3% during the fourth quarter. Toth Financial Advisory Corp now owns 1,400 shares of the aerospace company's stock valued at $86,000 after purchasing an additional 800 shares in the last quarter. Finally, KBC Group NV lifted its position in AAR by 42.5% during the fourth quarter. KBC Group NV now owns 1,887 shares of the aerospace company's stock valued at $116,000 after purchasing an additional 563 shares during the last quarter. 90.74% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Christopher A. Jessup sold 33,481 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $70.40, for a total value of $2,357,062.40. Following the transaction, the senior vice president now owns 63,209 shares of the company's stock, valued at $4,449,913.60. This represents a 34.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John Mcclain Holmes III sold 5,000 shares of AAR stock in a transaction on Friday, January 17th. The shares were sold at an average price of $70.81, for a total value of $354,050.00. Following the sale, the chief executive officer now directly owns 341,680 shares of the company's stock, valued at approximately $24,194,360.80. This trade represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 185,793 shares of company stock worth $12,538,396 over the last quarter. Company insiders own 4.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AIR. StockNews.com cut shares of AAR from a "hold" rating to a "sell" rating in a research report on Saturday, March 29th. Truist Financial decreased their price objective on AAR from $81.00 to $78.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Finally, KeyCorp dropped their target price on AAR from $83.00 to $80.00 and set an "overweight" rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $80.20.

AAR Trading Down 6.5 %

NYSE:AIR traded down $3.49 during mid-day trading on Friday, hitting $50.09. 463,717 shares of the stock traded hands, compared to its average volume of 278,264. 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 stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 178.90 and a beta of 1.32. AAR Corp. has a 52 week low of $48.80 and a 52 week high of $76.34. The firm's 50 day moving average is $65.05 and its two-hundred day moving average is $65.02.

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

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.