Vontobel Holding Ltd. Takes Position in AAR Corp. $AIR

Vontobel Holding Ltd. purchased a new stake in AAR Corp. (NYSE:AIR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,935 shares of the aerospace company’s stock, valued at approximately $202,000.

Other large investors have also added to or reduced their stakes in the company. Hughes Financial Services LLC acquired a new position in shares of AAR in the first quarter valued at $28,000. Virtus Advisers LLC bought a new stake in shares of AAR during the 1st quarter worth about $47,000. GAMMA Investing LLC boosted its holdings in shares of AAR by 88.5% during the 1st quarter. GAMMA Investing LLC now owns 1,131 shares of the aerospace company’s stock worth $63,000 after buying an additional 531 shares during the period. State of Wyoming lifted its position in AAR by 128.5% during 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 during the last quarter. Finally, Meyer Handelman Co. acquired a new stake in AAR during the second quarter worth approximately $206,000. Institutional investors own 90.74% of the company’s stock.

AAR Price Performance

Shares of NYSE:AIR opened at $82.70 on Thursday. AAR Corp. has a one year low of $46.51 and a one year high of $89.69. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.91 and a quick ratio of 1.31. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 106.02 and a beta of 1.52. The firm has a 50 day simple moving average of $77.99 and a 200 day simple moving average of $68.87.

AAR (NYSE:AIR) last announced its quarterly earnings results on Wednesday, May 28th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter. The company had revenue of $553.30 million during the quarter. AAR had a net margin of 1.01% and a return on equity of 12.29%. Research analysts predict that AAR Corp. will post 3.77 earnings per share for the current fiscal year.

Insider Transactions at AAR

In related news, CEO John Mcclain Holmes III sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 298,603 shares in the company, valued at $21,409,835.10. This trade represents a 3.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jessica A. Garascia sold 3,631 shares of the company’s 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 owned 39,117 shares of the company’s stock, valued at approximately $3,015,138.36. This trade represents a 8.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 95,182 shares of company stock worth $7,331,452. 3.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AIR. Royal Bank Of Canada reiterated an “outperform” rating and set a $85.00 target price on shares of AAR in a research note on Wednesday, September 24th. Weiss Ratings reiterated a “hold (c-)” rating on shares of AAR in a research note on Wednesday, October 8th. Zacks Research raised shares of AAR from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 30th. Truist Financial raised their target price on shares of AAR from $81.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Finally, KeyCorp increased their price target on AAR from $86.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $89.33.

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.