Victory Capital Management Inc. raised its stake in AAR Corp. (NYSE:AIR – Get Rating) by 16.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,109,531 shares of the aerospace company’s stock after acquiring an additional 155,479 shares during the quarter. Victory Capital Management Inc. owned approximately 3.16% of AAR worth $39,744,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the stock. Inspire Investing LLC lifted its holdings in AAR by 4.5% in the second quarter. Inspire Investing LLC now owns 5,079 shares of the aerospace company’s stock valued at $213,000 after acquiring an additional 217 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in AAR by 2.2% in the third quarter. Oregon Public Employees Retirement Fund now owns 11,157 shares of the aerospace company’s stock valued at $400,000 after acquiring an additional 245 shares during the period. Maryland State Retirement & Pension System raised its stake in shares of AAR by 1.9% during the 3rd quarter. Maryland State Retirement & Pension System now owns 13,656 shares of the aerospace company’s stock worth $489,000 after buying an additional 249 shares during the period. Texas Permanent School Fund raised its stake in shares of AAR by 1.0% during the 3rd quarter. Texas Permanent School Fund now owns 24,193 shares of the aerospace company’s stock worth $867,000 after buying an additional 250 shares during the period. Finally, Captrust Financial Advisors raised its stake in shares of AAR by 11.3% during the 2nd quarter. Captrust Financial Advisors now owns 3,625 shares of the aerospace company’s stock worth $152,000 after buying an additional 369 shares during the period. 94.30% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on AIR shares. StockNews.com downgraded AAR from a “buy” rating to a “hold” rating in a research note on Wednesday, December 21st. TheStreet raised AAR from a “c+” rating to a “b-” rating in a research note on Thursday, November 10th. Finally, Truist Financial increased their price objective on AAR from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Monday, January 9th.
AAR Stock Up 0.3 %
AAR (NYSE:AIR – Get Rating) last posted its quarterly earnings data on Tuesday, December 20th. The aerospace company reported $0.69 EPS for the quarter, meeting the consensus estimate of $0.69. The firm had revenue of $469.80 million during the quarter, compared to the consensus estimate of $458.91 million. AAR had a return on equity of 9.19% and a net margin of 4.97%. Research analysts anticipate that AAR Corp. will post 3.03 EPS for the current fiscal year.
Insider Buying and Selling at AAR
In other AAR news, Director H John Gilbertson, Jr. sold 9,894 shares of the company’s stock in a transaction on Tuesday, October 25th. The stock was sold at an average price of $43.38, for a total value of $429,201.72. Following the completion of the sale, the director now directly owns 2,574 shares in the company, valued at approximately $111,660.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO John Mcclain Holmes III sold 57,000 shares of the stock in a transaction on Monday, October 31st. The stock was sold at an average price of $44.53, for a total transaction of $2,538,210.00. Following the completion of the transaction, the chief executive officer now directly owns 278,611 shares in the company, valued at approximately $12,406,547.83. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director H John Gilbertson, Jr. sold 9,894 shares of the stock in a transaction on Tuesday, October 25th. The stock was sold at an average price of $43.38, for a total value of $429,201.72. Following the transaction, the director now owns 2,574 shares of the company’s stock, valued at $111,660.12. The disclosure for this sale can be found here. Insiders sold a total of 146,692 shares of company stock worth $6,643,584 in the last three months. 7.74% of the stock is owned by corporate insiders.
AAR Company Profile
AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services. This segment also sells and leases new, overhauled, and repaired engine and airframe parts, and components; and provides inventory and repair programs, warranty claim management, and outsourcing programs for engine and airframe parts and components, as well as performance-based supply chain logistics programs in support of the U.S.
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