AAR Corp. (NYSE:AIR) Shares Sold by Comerica Bank

Comerica Bank decreased its stake in shares of AAR Corp. (NYSE:AIRGet Rating) by 8.9% during the third quarter, HoldingsChannel reports. The firm owned 25,742 shares of the aerospace company’s stock after selling 2,505 shares during the quarter. Comerica Bank’s holdings in AAR were worth $1,109,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Inspire Investing LLC grew its holdings in shares of AAR by 4.5% during the second quarter. Inspire Investing LLC now owns 5,079 shares of the aerospace company’s stock valued at $213,000 after buying an additional 217 shares during the last quarter. Maryland State Retirement & Pension System grew its stake in AAR by 1.9% during the 3rd quarter. Maryland State Retirement & Pension System now owns 13,656 shares of the aerospace company’s stock valued at $489,000 after purchasing an additional 249 shares during the last quarter. Texas Permanent School Fund increased its holdings in shares of AAR by 1.0% in the third quarter. Texas Permanent School Fund now owns 24,193 shares of the aerospace company’s stock valued at $867,000 after purchasing an additional 250 shares during the period. Captrust Financial Advisors raised its stake in shares of AAR by 11.3% in the second quarter. Captrust Financial Advisors now owns 3,625 shares of the aerospace company’s stock worth $152,000 after purchasing an additional 369 shares during the last quarter. Finally, Synovus Financial Corp lifted its holdings in shares of AAR by 3.0% during the second quarter. Synovus Financial Corp now owns 13,047 shares of the aerospace company’s stock worth $546,000 after purchasing an additional 374 shares during the period. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Wall Street Analyst Weigh In

AIR has been the subject of a number of recent research reports. TheStreet raised shares of AAR from a “c+” rating to a “b-” rating in a research report on Thursday, November 10th. Truist Financial increased their price objective on shares of AAR from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, January 9th. Finally, StockNews.com downgraded shares of AAR from a “buy” rating to a “hold” rating in a research report on Wednesday, December 21st.

AAR Stock Down 0.2 %

AAR stock opened at $48.15 on Wednesday. The business’s 50-day moving average price is $46.03 and its 200 day moving average price is $43.65. The company has a quick ratio of 1.44, a current ratio of 3.28 and a debt-to-equity ratio of 0.19. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 18.81 and a beta of 1.54. AAR Corp. has a 52 week low of $33.75 and a 52 week high of $52.83.

AAR (NYSE:AIRGet Rating) last issued its quarterly earnings data on Tuesday, December 20th. The aerospace company reported $0.69 EPS for the quarter, hitting analysts’ consensus estimates of $0.69. The business had revenue of $469.80 million for the quarter, compared to analysts’ expectations of $458.91 million. AAR had a net margin of 4.97% and a return on equity of 9.19%. As a group, sell-side analysts anticipate that AAR Corp. will post 3.03 earnings per share for the current year.

Insider Buying and Selling

In other AAR news, Director Anthony Anderson sold 14,000 shares of the company’s stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $42.74, for a total value of $598,360.00. Following the completion of the transaction, the director now owns 10,334 shares in the company, valued at $441,675.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Anthony Anderson sold 14,000 shares of AAR stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $42.74, for a total value of $598,360.00. Following the completion of the transaction, the director now owns 10,334 shares in the company, valued at approximately $441,675.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO John Mcclain Holmes III sold 14,233 shares of the stock in a transaction that occurred on Friday, January 20th. The stock was sold at an average price of $48.03, for a total value of $683,610.99. Following the transaction, the chief executive officer now owns 268,611 shares in the company, valued at approximately $12,901,386.33. The disclosure for this sale can be found here. Over the last three months, insiders have sold 136,798 shares of company stock valued at $6,214,383. Corporate insiders own 7.74% of the company’s stock.

About AAR

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for AAR (NYSE:AIR)

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