DekaBank Deutsche Girozentrale Boosts Stock Position in AAR Corp. (NYSE:AIR)

DekaBank Deutsche Girozentrale boosted its holdings in AAR Corp. (NYSE:AIR) by 124.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,251 shares of the aerospace company’s stock after purchasing an additional 694 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in AAR were worth $77,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. First Eagle Investment Management LLC increased its holdings in AAR by 36.9% in the third quarter. First Eagle Investment Management LLC now owns 190,928 shares of the aerospace company’s stock valued at $11,366,000 after buying an additional 51,438 shares during the last quarter. Loomis Sayles & Co. L P increased its holdings in AAR by 11.7% in the third quarter. Loomis Sayles & Co. L P now owns 680,241 shares of the aerospace company’s stock valued at $40,494,000 after buying an additional 71,272 shares during the last quarter. Gotham Asset Management LLC grew its holdings in shares of AAR by 20.4% during the third quarter. Gotham Asset Management LLC now owns 5,867 shares of the aerospace company’s stock worth $349,000 after purchasing an additional 996 shares during the last quarter. Illinois Municipal Retirement Fund purchased a new position in shares of AAR during the third quarter worth about $1,190,000. Finally, Qube Research & Technologies Ltd grew its holdings in shares of AAR by 39.0% during the third quarter. Qube Research & Technologies Ltd now owns 40,800 shares of the aerospace company’s stock worth $2,429,000 after purchasing an additional 11,445 shares during the last quarter. Hedge funds and other institutional investors own 90.74% of the company’s stock.

Insider Activity at AAR

In related news, CAO Jessica A. Garascia sold 7,352 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $63.37, for a total value of $465,896.24. Following the completion of the sale, the chief accounting officer now owns 28,165 shares in the company, valued at $1,784,816.05. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO John Mcclain Holmes III sold 29,250 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $60.21, for a total value of $1,761,142.50. Following the completion of the sale, the chief executive officer now owns 303,621 shares in the company, valued at $18,281,020.41. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Jessica A. Garascia sold 7,352 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $63.37, for a total transaction of $465,896.24. Following the completion of the sale, the chief accounting officer now owns 28,165 shares of the company’s stock, valued at approximately $1,784,816.05. The disclosure for this sale can be found here. Insiders sold a total of 64,747 shares of company stock worth $3,858,323 over the last 90 days. Company insiders own 4.30% of the company’s stock.

AAR Price Performance

Shares of AIR opened at $61.86 on Thursday. AAR Corp. has a fifty-two week low of $50.06 and a fifty-two week high of $73.95. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 36.39 and a beta of 1.67. The firm has a 50-day simple moving average of $63.38 and a 200-day simple moving average of $63.04. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 2.90.

AAR (NYSE:AIR) last announced its earnings results on Thursday, March 21st. The aerospace company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.01. AAR had a net margin of 2.73% and a return on equity of 10.17%. On average, equities research analysts anticipate that AAR Corp. will post 3.3 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Truist Financial raised their price objective on AAR from $68.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, December 22nd. Benchmark raised their price objective on AAR from $65.00 to $83.00 and gave the stock a “buy” rating in a report on Monday. William Blair assumed coverage on AAR in a report on Monday, January 29th. They set an “outperform” rating on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $80.00 price objective on shares of AAR in a report on Friday, March 22nd. Finally, Stifel Nicolaus increased their target price on shares of AAR from $80.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, December 22nd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $81.25.

AAR Company Profile

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. It operates through Aviation Services and Expeditionary Services segments. The Aviation Services segment engages in lease and sale of new, overhauled and repaired engine, and airframe parts and components, as well as aircrafts; and offers customized flight hour component inventory and repair, warranty claim management, and outsourcing programs for engine and airframe parts and components.