AAR Corp. $AIR Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its position in AAR Corp. (NYSE:AIR) by 11.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,556 shares of the aerospace company’s stock after selling 582 shares during the period. Mutual of America Capital Management LLC’s holdings in AAR were worth $313,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of AIR. GAMMA Investing LLC grew its holdings in AAR by 88.5% in the first quarter. GAMMA Investing LLC now owns 1,131 shares of the aerospace company’s stock valued at $63,000 after purchasing an additional 531 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in AAR in the 1st quarter valued at about $294,000. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of AAR by 37.7% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,733 shares of the aerospace company’s stock valued at $209,000 after purchasing an additional 1,022 shares during the last quarter. Emerald Advisers LLC grew its position in shares of AAR by 4.2% in the first quarter. Emerald Advisers LLC now owns 510,814 shares of the aerospace company’s stock valued at $28,600,000 after purchasing an additional 20,654 shares during the last quarter. Finally, Hughes Financial Services LLC acquired a new stake in shares of AAR in the first quarter valued at approximately $28,000. Institutional investors and hedge funds own 90.74% of the company’s stock.

Insider Buying and Selling at AAR

In other AAR news, CEO John Mcclain Holmes III sold 10,000 shares of AAR stock in a transaction 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 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 document filed with the Securities & Exchange Commission, which is available through this link. 3.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AIR shares. Wall Street Zen lowered shares of AAR from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. KeyCorp increased their target price on AAR from $86.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, September 29th. Truist Financial increased their price objective on AAR from $81.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Zacks Research raised AAR from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 30th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $85.00 price objective on shares of AAR in a research note on Wednesday, September 24th. One 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $89.33.

AAR Stock Up 0.2%

Shares of NYSE:AIR opened at $84.73 on Thursday. The stock’s 50-day moving average price is $79.76 and its two-hundred day moving average price is $71.30. The company has a current ratio of 2.91, a quick ratio of 1.31 and a debt-to-equity ratio of 0.82. AAR Corp. has a 12-month low of $46.51 and a 12-month high of $89.69. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 108.63 and a beta of 1.52.

AAR (NYSE:AIR) last released its earnings results on Wednesday, May 28th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter. AAR had a net margin of 1.01% and a return on equity of 12.29%. The business had revenue of $553.30 million for the quarter. On average, research analysts forecast that AAR Corp. will post 3.77 EPS for the current 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.