AAR Corp. $AIR Shares Sold by GAMMA Investing LLC

GAMMA Investing LLC lessened its stake in AAR Corp. (NYSE:AIR) by 41.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 658 shares of the aerospace company’s stock after selling 473 shares during the quarter. GAMMA Investing LLC’s holdings in AAR were worth $45,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of AIR. Westwood Holdings Group Inc. lifted its position in AAR by 10.3% during the first quarter. Westwood Holdings Group Inc. now owns 1,589,320 shares of the aerospace company’s stock valued at $88,986,000 after buying an additional 148,166 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of AAR by 8.4% during the 1st quarter. Invesco Ltd. now owns 1,160,420 shares of the aerospace company’s stock valued at $64,972,000 after acquiring an additional 89,802 shares in the last quarter. Fred Alger Management LLC lifted its holdings in shares of AAR by 32.6% during the 1st quarter. Fred Alger Management LLC now owns 533,770 shares of the aerospace company’s stock valued at $29,886,000 after acquiring an additional 131,092 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of AAR by 7.9% during the first quarter. Royal Bank of Canada now owns 518,061 shares of the aerospace company’s stock worth $29,007,000 after purchasing an additional 37,723 shares in the last quarter. Finally, Emerald Advisers LLC lifted its position in AAR by 4.2% during the 1st quarter. Emerald Advisers LLC now owns 510,814 shares of the aerospace company’s stock worth $28,600,000 after acquiring an additional 20,654 shares in the last quarter. 90.74% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other AAR news, CEO John Mcclain Holmes III sold 10,000 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $71.70, for a total value of $717,000.00. Following the sale, the chief executive officer directly owned 298,603 shares of the company’s stock, valued at $21,409,835.10. This trade represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jennifer L. Vogel sold 7,000 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $78.07, for a total value of $546,490.00. Following the completion of the sale, the director directly owned 22,970 shares in the company, 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. Insiders sold 95,182 shares of company stock valued at $7,331,452 over the last three months. Corporate insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

AIR has been the topic of several recent research reports. Truist Financial boosted their price target on AAR from $81.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Weiss Ratings reissued a “hold (c-)” rating on shares of AAR in a research report on Saturday, September 27th. Royal Bank Of Canada reissued an “outperform” rating and set a $85.00 target price on shares of AAR in a research report on Wednesday, September 24th. Zacks Research upgraded shares of AAR from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 30th. Finally, KeyCorp boosted their price objective on shares of AAR from $86.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $89.33.

AAR Price Performance

AIR opened at $81.78 on Friday. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 104.84 and a beta of 1.52. AAR Corp. has a fifty-two week low of $46.51 and a fifty-two week high of $89.69. The company’s 50-day moving average price is $76.73 and its 200 day moving average price is $68.05. The company has a quick ratio of 1.31, a current ratio of 2.91 and a debt-to-equity ratio of 0.82.

AAR (NYSE:AIR) last released its quarterly earnings data on Tuesday, September 23rd. The aerospace company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.10. The firm had revenue of $739.60 million for 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%. AAR’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.50 earnings per share. AAR has set its Q2 2026 guidance at EPS. As a group, sell-side analysts expect that AAR Corp. will post 3.77 earnings per share for the current year.

AAR Company 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.