Shelton Wealth Management LLC Makes New Investment in AAR Corp. (NYSE:AIR)

Shelton Wealth Management LLC acquired a new stake in shares of AAR Corp. (NYSE:AIR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 17,423 shares of the aerospace company's stock, valued at approximately $1,068,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Westwood Holdings Group Inc. bought a new position in shares of AAR during the second quarter valued at approximately $77,754,000. Allspring Global Investments Holdings LLC grew its stake in shares of AAR by 32.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 732,957 shares of the aerospace company's stock worth $47,906,000 after buying an additional 181,518 shares during the last quarter. Thrivent Financial for Lutherans increased its position in AAR by 83.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 297,482 shares of the aerospace company's stock valued at $21,627,000 after buying an additional 135,445 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in AAR by 20.5% during the third quarter. Loomis Sayles & Co. L P now owns 790,267 shares of the aerospace company's stock valued at $51,652,000 after buying an additional 134,215 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in AAR by 13.4% in the third quarter. Franklin Resources Inc. now owns 969,741 shares of the aerospace company's stock worth $59,591,000 after acquiring an additional 114,460 shares in the last quarter. 90.74% of the stock is owned by hedge funds and other institutional investors.

AAR Stock Performance

AAR stock traded down $0.36 during midday trading on Friday, hitting $70.25. The stock had a trading volume of 165,600 shares, compared to its average volume of 262,787. AAR Corp. has a 52-week low of $54.71 and a 52-week high of $76.34. The company has a market capitalization of $2.52 billion, a PE ratio of 250.91 and a beta of 1.61. The firm's fifty day moving average is $65.77 and its two-hundred day moving average is $65.18. The company has a current ratio of 2.68, a quick ratio of 1.45 and a debt-to-equity ratio of 0.84.

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

Insider Activity

In other AAR news, SVP Christopher A. Jessup sold 33,481 shares of the business's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $70.40, for a total transaction of $2,357,062.40. Following the transaction, the senior vice president now owns 63,209 shares in the company, valued at $4,449,913.60. The trade was a 34.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO John Mcclain Holmes III sold 128,427 shares of the stock in a transaction 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 completion of 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 180,793 shares of company stock worth $12,184,346 over the last quarter. Insiders own 4.10% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on AIR. KeyCorp started coverage on shares of AAR in a research note on Thursday. They set an "overweight" rating and a $83.00 price objective for the company. StockNews.com upgraded AAR from a "sell" rating to a "hold" rating in a research report on Friday. Royal Bank of Canada reissued an "outperform" rating and issued a $75.00 target price on shares of AAR in a research report on Monday, November 4th. Finally, Benchmark reaffirmed a "buy" rating and set a $83.00 price target on shares of AAR in a research report on Friday, October 4th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, AAR presently has an average rating of "Buy" and a consensus price target 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.