Inspire Investing LLC Cuts Holdings in AAR Corp. $AIR

Inspire Investing LLC lowered its stake in AAR Corp. (NYSE:AIR) by 6.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,086 shares of the aerospace company’s stock after selling 419 shares during the period. Inspire Investing LLC’s holdings in AAR were worth $341,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AIR. Hughes Financial Services LLC purchased a new position in AAR in the first quarter worth about $28,000. Putney Financial Group LLC purchased a new position in AAR in the fourth quarter worth about $30,000. Virtus Advisers LLC purchased a new position in AAR in the first quarter worth about $47,000. GAMMA Investing LLC grew its position in AAR by 88.5% in the first quarter. GAMMA Investing LLC now owns 1,131 shares of the aerospace company’s stock worth $63,000 after acquiring an additional 531 shares in the last quarter. Finally, State of Wyoming grew its position in AAR by 128.5% in the first quarter. State of Wyoming now owns 1,821 shares of the aerospace company’s stock worth $102,000 after acquiring an additional 1,024 shares in the last quarter. Hedge funds and other institutional investors own 90.74% of the company’s stock.

Insider Activity

In other AAR news, Director Jennifer L. Vogel sold 7,000 shares of AAR stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $78.07, for a total value of $546,490.00. Following the transaction, the director directly owned 22,970 shares of the company’s stock, valued at approximately $1,793,267.90. The trade was a 23.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sean M. Gillen sold 18,000 shares of AAR stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $77.37, for a total transaction of $1,392,660.00. Following the sale, the chief financial officer owned 99,868 shares of the company’s stock, valued at $7,726,787.16. The trade was a 15.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 95,182 shares of company stock valued at $7,331,452 over the last three months. Company insiders own 3.60% of the company’s stock.

AAR Stock Performance

AAR stock opened at $74.78 on Thursday. The company has a 50 day moving average price of $75.70 and a 200-day moving average price of $66.67. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.26 and a current ratio of 2.72. AAR Corp. has a fifty-two week low of $46.51 and a fifty-two week high of $86.43. The company has a market capitalization of $2.69 billion, a PE ratio of 226.61 and a beta of 1.50.

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Truist Financial lifted their price target on AAR from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. KeyCorp lifted their price target on AAR from $80.00 to $86.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Royal Bank Of Canada raised their price objective on shares of AAR from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, July 17th. Finally, Wall Street Zen raised shares of AAR from a “hold” rating to a “buy” rating in a research note on Tuesday, August 19th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $83.75.

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.