Mirae Asset Global Investments Co. Ltd. Increases Stock Position in AAR Corp. (NYSE:AIR)

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of AAR Corp. (NYSE:AIR) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,272 shares of the aerospace company’s stock after acquiring an additional 896 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in AAR were worth $1,015,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC bought a new position in AAR during the 3rd quarter valued at approximately $1,254,000. Ziegler Capital Management LLC bought a new stake in AAR during the 3rd quarter valued at about $839,000. Exchange Traded Concepts LLC raised its holdings in AAR by 56.4% in the third quarter. Exchange Traded Concepts LLC now owns 957 shares of the aerospace company’s stock worth $57,000 after buying an additional 345 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new position in shares of AAR in the third quarter worth approximately $109,000. Finally, Chicago Capital LLC grew its holdings in shares of AAR by 4.6% during the third quarter. Chicago Capital LLC now owns 125,525 shares of the aerospace company’s stock valued at $7,473,000 after buying an additional 5,511 shares during the last quarter. Hedge funds and other institutional investors own 90.74% of the company’s stock.

AAR Price Performance

Shares of AIR opened at $67.75 on Wednesday. The firm has a market cap of $2.40 billion, a PE ratio of 39.88 and a beta of 1.67. AAR Corp. has a 1-year low of $50.06 and a 1-year high of $73.95. The company has a current ratio of 2.90, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $63.49 and a two-hundred day simple moving average of $63.19.

AAR (NYSE:AIR) last posted its quarterly earnings data on Thursday, March 21st. The aerospace company reported $0.85 EPS 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%. On average, equities analysts anticipate that AAR Corp. will post 3.3 EPS for the current year.

Insider Buying and Selling

In other AAR news, CEO John Mcclain Holmes III sold 29,250 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $60.21, for a total transaction of $1,761,142.50. Following the completion of the sale, the chief executive officer now directly owns 303,621 shares of the company’s stock, valued at $18,281,020.41. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other AAR news, CEO John Mcclain Holmes III sold 29,250 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $60.21, for a total transaction of $1,761,142.50. Following the completion of the sale, the chief executive officer now owns 303,621 shares of the company’s stock, valued at $18,281,020.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jessica A. Garascia sold 7,352 shares of the company’s stock in a transaction dated Tuesday, April 9th. The stock was 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 approximately $1,784,816.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 64,747 shares of company stock valued at $3,858,323. 4.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AIR. Royal Bank of Canada restated an “outperform” rating and issued a $80.00 price objective on shares of AAR in a report on Friday, March 22nd. William Blair began coverage on AAR in a research note on Monday, January 29th. They issued an “outperform” rating for the company. Finally, Benchmark increased their price objective on AAR from $65.00 to $83.00 and gave the company a “buy” rating in a research report on Monday, April 15th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.