Nisa Investment Advisors LLC Sells 200 Shares of AAR Corp. (NYSE:AIR)

Nisa Investment Advisors LLC lessened its holdings in AAR Corp. (NYSE:AIR) by 20.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 793 shares of the aerospace company’s stock after selling 200 shares during the quarter. Nisa Investment Advisors LLC’s holdings in AAR were worth $49,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in AAR in the 1st quarter valued at $26,000. DekaBank Deutsche Girozentrale bought a new position in AAR in the 3rd quarter valued at $33,000. Point72 Asset Management L.P. bought a new position in AAR in the 2nd quarter valued at $52,000. Point72 Hong Kong Ltd bought a new position in shares of AAR during the 1st quarter worth $44,000. Finally, Exchange Traded Concepts LLC grew its position in shares of AAR by 56.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 957 shares of the aerospace company’s stock worth $57,000 after buying an additional 345 shares in the last quarter. Institutional investors own 90.74% of the company’s stock.

AAR Price Performance

Shares of AIR stock opened at $64.12 on Monday. AAR Corp. has a 1-year low of $50.06 and a 1-year high of $73.95. The stock’s 50-day moving average is $63.43 and its 200 day moving average is $63.14. The company has a market cap of $2.27 billion, a P/E ratio of 37.72 and a beta of 1.67. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.90 and a quick ratio of 1.33.

AAR (NYSE:AIR) last issued its quarterly earnings data on Thursday, March 21st. The aerospace company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. AAR had a return on equity of 10.17% and a net margin of 2.73%. Research analysts predict that AAR Corp. will post 3.3 earnings per share for the current fiscal year.

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 stock was sold at an average price of $63.37, for a total transaction of $465,896.24. Following the sale, the chief accounting officer now owns 28,165 shares of the company’s stock, valued at $1,784,816.05. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other AAR news, CEO John Mcclain Holmes III sold 29,250 shares of the stock in a transaction dated Thursday, April 4th. The stock was 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 directly owns 303,621 shares in the company, valued at $18,281,020.41. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Jessica A. Garascia sold 7,352 shares of the 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 of the company’s stock, valued at $1,784,816.05. The disclosure for this sale can be found here. Insiders have sold a total of 64,747 shares of company stock valued at $3,858,323 over the last quarter. 4.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AIR has been the topic of a number of recent research reports. Royal Bank of Canada reissued an “outperform” rating and set a $80.00 price target on shares of AAR in a research report on Friday, March 22nd. Benchmark increased their price target on AAR from $65.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Finally, William Blair initiated coverage on AAR in a research report on Monday, January 29th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $81.25.

AAR 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.