Sei Investments Co. Sells 40,940 Shares of AAR Corp. (NYSE:AIR)

Sei Investments Co. lowered its holdings in shares of AAR Corp. (NYSE:AIR - Free Report) by 13.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 254,653 shares of the aerospace company's stock after selling 40,940 shares during the quarter. Sei Investments Co. owned approximately 0.71% of AAR worth $15,605,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in AAR by 9.7% in the third quarter. JPMorgan Chase & Co. now owns 40,737 shares of the aerospace company's stock worth $2,663,000 after acquiring an additional 3,612 shares during the period. SG Americas Securities LLC bought a new position in shares of AAR in the fourth quarter worth about $1,539,000. Charles Schwab Investment Management Inc. lifted its position in shares of AAR by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 538,125 shares of the aerospace company's stock valued at $32,976,000 after buying an additional 19,863 shares in the last quarter. Shelton Wealth Management LLC bought a new position in shares of AAR during the 4th quarter valued at approximately $1,068,000. Finally, Barclays PLC raised its stake in 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 acquiring an additional 48,298 shares during the period. Institutional investors own 90.74% of the company's stock.

AAR Price Performance

NYSE:AIR traded up $2.18 during trading hours on Wednesday, reaching $57.55. The stock had a trading volume of 484,564 shares, compared to its average volume of 279,852. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.27 and a current ratio of 2.68. The stock has a market capitalization of $2.08 billion, a PE ratio of 205.54 and a beta of 1.32. AAR Corp. has a 52 week low of $54.22 and a 52 week high of $76.34. The company has a 50 day moving average price of $65.79 and a two-hundred day moving average price of $65.24.

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. StockNews.com lowered AAR from a "hold" rating to a "sell" rating in a research note on Saturday. Truist Financial decreased their target price on AAR from $81.00 to $78.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Finally, KeyCorp dropped their price target on AAR from $83.00 to $80.00 and set an "overweight" rating for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $80.20.

Insider Activity

In other news, CEO John Mcclain Holmes III sold 128,427 shares of the stock in a transaction that occurred on 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 approximately $23,144,356.80. This represents a 27.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Christopher A. Jessup sold 33,481 shares of the firm's 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 sale, the senior vice president now directly 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 disclosure for this sale can be found here. Insiders sold 185,793 shares of company stock valued at $12,538,396 in the last ninety days. Insiders own 4.10% of the company's stock.

About AAR

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.