SG Americas Securities LLC Takes Position in AAR Corp. (NYSE:AIR)

SG Americas Securities LLC purchased a new stake in AAR Corp. (NYSE:AIR - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 25,120 shares of the aerospace company's stock, valued at approximately $1,539,000. SG Americas Securities LLC owned 0.07% of AAR as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Amalgamated Bank raised its stake in shares of AAR by 1.7% during the third quarter. Amalgamated Bank now owns 10,319 shares of the aerospace company's stock valued at $674,000 after purchasing an additional 177 shares in the last quarter. Captrust Financial Advisors raised its position in shares of AAR by 5.3% during the 3rd quarter. Captrust Financial Advisors now owns 3,537 shares of the aerospace company's stock worth $231,000 after buying an additional 177 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of AAR by 6.1% in the 3rd quarter. HighTower Advisors LLC now owns 3,818 shares of the aerospace company's stock worth $249,000 after acquiring an additional 220 shares during the period. Sheets Smith Wealth Management boosted its holdings in shares of AAR by 3.2% in the fourth quarter. Sheets Smith Wealth Management now owns 7,015 shares of the aerospace company's stock valued at $430,000 after acquiring an additional 220 shares in the last quarter. Finally, Truist Financial Corp increased its stake in shares of AAR by 3.4% during the second quarter. Truist Financial Corp now owns 9,040 shares of the aerospace company's stock valued at $657,000 after acquiring an additional 296 shares during the period. Institutional investors own 90.74% of the company's stock.

Insiders Place Their Bets

In other AAR news, CEO John Mcclain Holmes III sold 5,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 341,680 shares of the company's stock, valued at $24,194,360.80. The trade was a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Jessica A. Garascia sold 1,500 shares of the firm's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $66.90, for a total transaction of $100,350.00. Following the transaction, the chief accounting officer now owns 37,565 shares in the company, valued at $2,513,098.50. This represents a 3.84 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 185,793 shares of company stock worth $12,538,396. 4.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on AIR. KeyCorp initiated coverage on AAR in a research note on Thursday, January 16th. They set an "overweight" rating and a $83.00 target price for the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $75.00 price objective on shares of AAR in a research note on Monday, November 4th. Benchmark reissued a "buy" rating and set a $83.00 target price on shares of AAR in a research note on Friday, October 4th. Finally, StockNews.com upgraded shares of AAR from a "sell" rating to a "hold" rating in a research report on Tuesday. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $81.50.

AAR Trading Down 1.6 %

Shares of AAR stock traded down $1.10 during trading on Friday, hitting $67.74. The stock had a trading volume of 153,079 shares, compared to its average volume of 287,210. 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 company has a market capitalization of $2.43 billion, a PE ratio of 241.94 and a beta of 1.61. AAR Corp. has a 1 year low of $54.71 and a 1 year high of $76.34. The stock has a 50 day simple moving average of $66.25 and a 200 day simple moving average of $65.07.

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

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.