American Century Companies Inc. Has $52.41 Million Position in AAR Corp. $AIR

American Century Companies Inc. decreased its stake in AAR Corp. (NYSE:AIR) by 9.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 761,870 shares of the aerospace company’s stock after selling 83,676 shares during the period. American Century Companies Inc. owned 2.12% of AAR worth $52,409,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in AIR. Natixis Advisors LLC boosted its holdings in AAR by 57.4% in the first quarter. Natixis Advisors LLC now owns 23,591 shares of the aerospace company’s stock valued at $1,321,000 after acquiring an additional 8,601 shares during the last quarter. US Bancorp DE raised its holdings in AAR by 23.8% during the 1st quarter. US Bancorp DE now owns 7,573 shares of the aerospace company’s stock worth $424,000 after purchasing an additional 1,455 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of AAR by 66.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,294 shares of the aerospace company’s stock worth $408,000 after purchasing an additional 2,922 shares during the period. Westwood Holdings Group Inc. boosted its stake in shares of AAR by 10.3% in the 1st quarter. Westwood Holdings Group Inc. now owns 1,589,320 shares of the aerospace company’s stock valued at $88,986,000 after purchasing an additional 148,166 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of AAR in the 1st quarter valued at $209,000. 90.74% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO John Mcclain Holmes III sold 38,462 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $83.50, for a total transaction of $3,211,577.00. Following the completion of the sale, the chief executive officer directly owned 260,141 shares of the company’s stock, valued at $21,721,773.50. The trade was a 12.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AIR has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of AAR in a research note on Tuesday. Zacks Research lowered AAR from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Truist Financial upped their target price on AAR from $81.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Royal Bank Of Canada lifted their target price on AAR from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Wall Street Zen raised AAR from a “hold” rating to a “buy” rating in a research note on Sunday, November 2nd. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $91.00.

AAR Trading Up 0.7%

Shares of AAR stock opened at $83.11 on Friday. The stock has a market capitalization of $3.25 billion, a PE ratio of 106.55 and a beta of 1.53. AAR Corp. has a 52 week low of $46.51 and a 52 week high of $89.69. The stock has a 50 day moving average price of $82.52 and a two-hundred day moving average price of $75.14. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.31 and a current ratio of 2.91.

AAR (NYSE:AIR) last issued its 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 for the quarter. AAR had a return on equity of 12.29% and a net margin of 1.01%. As a group, equities analysts anticipate 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.