Swiss National Bank Has $3.90 Million Position in AAR Corp. $AIR

Swiss National Bank decreased its holdings in shares of AAR Corp. (NYSE:AIR) by 1.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,600 shares of the aerospace company’s stock after selling 1,000 shares during the period. Swiss National Bank owned approximately 0.19% of AAR worth $3,897,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its holdings in AAR by 11.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,339 shares of the aerospace company’s stock worth $143,000 after buying an additional 246 shares during the last quarter. Sheets Smith Wealth Management grew its stake in AAR by 3.8% during the first quarter. Sheets Smith Wealth Management now owns 7,281 shares of the aerospace company’s stock valued at $408,000 after acquiring an additional 266 shares in the last quarter. Rafferty Asset Management LLC grew its stake in AAR by 4.9% during the fourth quarter. Rafferty Asset Management LLC now owns 9,030 shares of the aerospace company’s stock valued at $553,000 after acquiring an additional 420 shares in the last quarter. Putney Financial Group LLC purchased a new position in AAR during the fourth quarter valued at approximately $30,000. Finally, Hughes Financial Services LLC bought a new stake in AAR during the first quarter valued at approximately $28,000. Hedge funds and other institutional investors own 90.74% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Jessica A. Garascia sold 3,631 shares of AAR stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $77.08, for a total value of $279,877.48. Following the completion of the sale, the chief accounting officer directly owned 39,117 shares in the company, valued at $3,015,138.36. The trade was a 8.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO John Mcclain Holmes III sold 10,000 shares of AAR stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $71.70, for a total value of $717,000.00. Following the completion of the sale, the chief executive officer owned 298,603 shares of the company’s stock, valued at $21,409,835.10. The trade was a 3.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 95,182 shares of company stock valued at $7,331,452 in the last three months. 3.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AIR shares. Royal Bank Of Canada boosted their price objective on shares of AAR from $75.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, July 17th. KeyCorp boosted their price objective on shares of AAR from $80.00 to $86.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Truist Financial boosted their price objective on shares of AAR from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Finally, Wall Street Zen raised shares of AAR from a “hold” rating to a “buy” rating in a research report on Tuesday. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, AAR has an average rating of “Buy” and a consensus target price of $83.75.

AAR Price Performance

NYSE AIR opened at $71.8590 on Thursday. AAR Corp. has a 12 month low of $46.51 and a 12 month high of $86.43. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 217.76 and a beta of 1.53. The company’s 50 day moving average is $73.29 and its two-hundred day moving average is $65.36. The company has a current ratio of 2.72, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80.

AAR (NYSE:AIR) last announced its quarterly earnings data on Wednesday, July 16th. The aerospace company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.16. AAR had a net margin of 0.45% and a return on equity of 11.66%. The business had revenue of $754.50 million during the quarter, compared to analyst estimates of $695.81 million. During the same period last year, the firm posted $0.88 EPS. The company’s revenue was up 15.0% on a year-over-year basis. As a group, research analysts anticipate that AAR Corp. will post 3.77 earnings per share for the current year.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Parts Supply segment leases and sells aircraft components and replacement parts. The Repair & Engineering segment provides airframe maintenance services, such as airframe inspection, painting, line maintenance, airframe modification, structural repair, avionics service and installation, exterior and interior refurbishment, and engineering and support services; component repair services comprising maintenance, repair, and overhaul (MRO) services, engine and airframe accessories, and interior refurbishment; and landing gear overhaul services, including repair services on wheels and brakes.