Hennion & Walsh Asset Management Inc. Boosts Holdings in AAR Corp. (NYSE:AIR)

Hennion & Walsh Asset Management Inc. grew its stake in AAR Corp. (NYSE:AIR - Free Report) by 37.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,625 shares of the aerospace company's stock after purchasing an additional 3,737 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in AAR were worth $835,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. National Bank of Canada FI purchased a new stake in AAR in the third quarter worth about $25,000. EverSource Wealth Advisors LLC lifted its stake in shares of AAR by 43.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 778 shares of the aerospace company's stock valued at $57,000 after purchasing an additional 234 shares during the period. KBC Group NV boosted its position in shares of AAR by 32.9% during the third quarter. KBC Group NV now owns 1,324 shares of the aerospace company's stock valued at $87,000 after purchasing an additional 328 shares in the last quarter. Net Worth Advisory Group purchased a new stake in AAR in the third quarter worth $228,000. Finally, nVerses Capital LLC bought a new position in AAR in the third quarter worth $229,000. 90.74% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at AAR

In related news, CEO John Mcclain Holmes III sold 128,427 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $66.76, for a total transaction of $8,573,786.52. Following the transaction, the chief executive officer now owns 346,680 shares in the company, valued at $23,144,356.80. This represents a 27.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jessica A. Garascia sold 1,500 shares of AAR stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $66.90, for a total transaction of $100,350.00. Following the completion of the sale, the chief accounting officer now directly owns 37,565 shares of the company's stock, valued at approximately $2,513,098.50. This trade represents a 3.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 180,793 shares of company stock valued at $12,184,346 over the last ninety days. Insiders own 4.10% of the company's stock.

AAR Stock Down 0.5 %

Shares of NYSE AIR traded down $0.36 during midday trading on Monday, hitting $70.25. The stock had a trading volume of 165,600 shares, compared to its average volume of 262,787. The business's 50 day moving average is $65.77 and its 200-day moving average is $65.13. 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 1.45, a current ratio of 2.68 and a debt-to-equity ratio of 0.84. The company has a market cap of $2.52 billion, a P/E ratio of 250.91 and a beta of 1.61.

AAR (NYSE:AIR - Get Free Report) last issued its earnings results on Tuesday, January 7th. The aerospace company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.83 by $0.07. The business had revenue of $686.10 million for the quarter, compared to the consensus estimate of $654.47 million. AAR had a return on equity of 10.46% and a net margin of 0.41%. The company's revenue was up 25.8% compared to the same quarter last year. During the same period last year, the business posted $0.81 EPS. As a group, analysts predict that AAR Corp. will post 3.75 EPS for the current year.

Wall Street Analysts Forecast Growth

AIR has been the topic of a number of research reports. KeyCorp assumed coverage on shares of AAR in a report on Thursday. They set an "overweight" rating and a $83.00 target price on the stock. Benchmark restated a "buy" rating and issued a $83.00 price objective on shares of AAR in a report on Friday, October 4th. Royal Bank of Canada reiterated an "outperform" rating and set a $75.00 target price on shares of AAR in a report on Monday, November 4th. Finally, StockNews.com upgraded AAR from a "sell" rating to a "hold" rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $81.50.

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.