State of Alaska Department of Revenue Has $1.45 Million Holdings in AAR Corp. $AIR

State of Alaska Department of Revenue raised its position in shares of AAR Corp. (NYSE:AIR) by 7.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,090 shares of the aerospace company’s stock after acquiring an additional 1,542 shares during the quarter. State of Alaska Department of Revenue owned about 0.06% of AAR worth $1,449,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Sheets Smith Wealth Management boosted its position in AAR by 1.9% during the second quarter. Sheets Smith Wealth Management now owns 7,416 shares of the aerospace company’s stock valued at $510,000 after acquiring an additional 135 shares during the last quarter. Voya Investment Management LLC boosted its position in AAR by 2.6% during the first quarter. Voya Investment Management LLC now owns 12,528 shares of the aerospace company’s stock valued at $701,000 after acquiring an additional 320 shares during the last quarter. Hughes Financial Services LLC bought a new stake in AAR during the first quarter valued at $28,000. GAMMA Investing LLC boosted its position in AAR by 88.5% during the first quarter. GAMMA Investing LLC now owns 1,131 shares of the aerospace company’s stock valued at $63,000 after acquiring an additional 531 shares during the last quarter. Finally, Virtus Advisers LLC bought a new stake in AAR during the first quarter valued at $47,000. Institutional investors own 90.74% of the company’s stock.

Insider Activity

In other news, CAO Jessica A. Garascia sold 3,631 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $77.08, for a total transaction of $279,877.48. Following the completion of the transaction, the chief accounting officer directly owned 39,117 shares of the company’s stock, valued at $3,015,138.36. This represents a 8.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jennifer L. Vogel sold 7,000 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $78.07, for a total transaction of $546,490.00. Following the transaction, the director directly owned 22,970 shares of the company’s stock, valued at $1,793,267.90. This represents a 23.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 95,182 shares of company stock worth $7,331,452. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

AIR has been the topic of a number of research analyst reports. KeyCorp upped their price target on shares of AAR from $86.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday. Zacks Research raised shares of AAR from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Wall Street Zen raised shares of AAR from a “hold” rating to a “buy” rating in a research report on Sunday, September 28th. Royal Bank Of Canada reissued an “outperform” rating and set a $85.00 price objective on shares of AAR in a research report on Wednesday, September 24th. Finally, Truist Financial increased their price objective on shares of AAR from $81.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $89.33.

AAR Trading Down 2.6%

NYSE:AIR opened at $81.78 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.31 and a current ratio of 2.91. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 104.84 and a beta of 1.52. AAR Corp. has a 52 week low of $46.51 and a 52 week high of $89.69. The firm has a 50-day moving average price of $76.73 and a two-hundred day moving average price of $68.06.

AAR (NYSE:AIR) last posted its quarterly earnings data on Tuesday, September 23rd. The aerospace company reported $1.08 EPS for the quarter, beating the consensus estimate of $0.98 by $0.10. The firm had revenue of $739.60 million during the quarter, compared to analyst estimates of $692.47 million. AAR had a net margin of 1.01% and a return on equity of 12.29%. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the business posted $0.50 EPS. AAR has set its Q2 2026 guidance at EPS. On average, equities analysts expect that AAR Corp. will post 3.77 earnings per share for the current fiscal year.

AAR Profile

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.