Stanley Laman Group Ltd. Trims Stock Position in AAR Corp. $AIR

Stanley Laman Group Ltd. cut its holdings in shares of AAR Corp. (NYSE:AIR) by 15.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,425 shares of the aerospace company’s stock after selling 10,342 shares during the period. Stanley Laman Group Ltd. owned about 0.15% of AAR worth $5,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Osterweis Capital Management Inc. purchased a new position in shares of AAR during the 2nd quarter valued at about $26,000. Salomon & Ludwin LLC acquired a new stake in AAR during the third quarter worth about $30,000. State of Wyoming raised 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 valued at $102,000 after acquiring an additional 1,024 shares in the last quarter. Simplex Trading LLC acquired a new position in AAR in the second quarter valued at approximately $103,000. Finally, Vontobel Holding Ltd. acquired a new position in AAR in the second quarter valued at approximately $202,000. 90.74% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO John Mcclain Holmes III sold 38,462 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was 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 in the company, valued at approximately $21,721,773.50. The trade was a 12.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AIR shares. KeyCorp raised their price objective on shares of AAR from $86.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Weiss Ratings restated a “hold (c-)” rating on shares of AAR in a research report on Monday, December 29th. Royal Bank Of Canada upped their price objective on shares of AAR from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Wall Street Zen raised shares of AAR from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Jefferies Financial Group started coverage on AAR in a research note on Wednesday, December 17th. They issued a “buy” rating and a $100.00 price target for the company. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, AAR currently has a consensus rating of “Moderate Buy” and an average price target of $93.25.

AAR Stock Up 2.1%

AIR stock opened at $84.52 on Monday. AAR Corp. has a 52 week low of $46.51 and a 52 week high of $89.69. The company has a quick ratio of 1.31, a current ratio of 2.91 and a debt-to-equity ratio of 0.82. The firm has a 50-day simple moving average of $82.73 and a 200-day simple moving average of $78.84. The stock has a market capitalization of $3.31 billion, a P/E ratio of 108.37 and a beta of 1.24.

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

AAR Profile

AAR Corp. (NYSE: AIR) is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.

In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.