Bryce Point Capital LLC Makes New Investment in AAR Corp. (NYSE:AIR)

Bryce Point Capital LLC purchased a new position in shares of AAR Corp. (NYSE:AIR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,402 shares of the aerospace company's stock, valued at approximately $1,128,000. Bryce Point Capital LLC owned approximately 0.05% of AAR as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. National Bank of Canada FI bought a new stake in AAR in the 3rd quarter valued at $25,000. Smartleaf Asset Management LLC increased its stake in shares of AAR by 124.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the aerospace company's stock worth $62,000 after purchasing an additional 561 shares during the last quarter. Venturi Wealth Management LLC raised its stake 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 valued at $81,000 after buying an additional 1,258 shares during the period. Toth Financial Advisory Corp raised its stake in AAR by 133.3% in the 4th quarter. Toth Financial Advisory Corp now owns 1,400 shares of the aerospace company's stock valued at $86,000 after acquiring an additional 800 shares during the period. Finally, KBC Group NV raised its position in shares of AAR by 42.5% in 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 period. 90.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AIR has been the topic of a number of recent research reports. KeyCorp lowered their target price on AAR from $83.00 to $80.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Truist Financial dropped their price objective on AAR from $81.00 to $78.00 and set a "buy" rating for the company in a report on Friday, March 28th. Finally, StockNews.com lowered shares of AAR from a "hold" rating to a "sell" rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company's stock. According to MarketBeat, AAR presently has a consensus rating of "Moderate Buy" and a consensus price target of $80.20.

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Insider Buying and Selling

In related news, CAO Jessica A. Garascia sold 1,500 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $66.90, for a total value of $100,350.00. Following the completion of the sale, the chief accounting officer now directly owns 37,565 shares in the company, valued at $2,513,098.50. This represents a 3.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Christopher A. Jessup sold 33,481 shares of the firm's stock in a transaction 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 directly owns 63,209 shares of the company's stock, valued at approximately $4,449,913.60. This represents a 34.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 185,793 shares of company stock worth $12,538,396 in the last 90 days. Insiders own 4.10% of the company's stock.

AAR Price Performance

Shares of AIR stock traded up $1.82 on Tuesday, reaching $50.80. The company had a trading volume of 85,024 shares, compared to its average volume of 278,765. The stock has a market capitalization of $1.83 billion, a PE ratio of 181.51 and a beta of 1.32. 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 business's 50-day moving average is $64.64 and its 200 day moving average is $64.85. AAR Corp. has a one year low of $46.51 and a one year high of $76.34.

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, 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 analyst estimates of $699.13 million. During the same quarter last year, the business posted $0.85 earnings per share. The company's quarterly revenue was up 19.5% on a year-over-year basis. Equities research analysts forecast 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.