Blair William & Co. IL Buys 8,044 Shares of AAR Corp. $AIR

Blair William & Co. IL increased its stake in shares of AAR Corp. (NYSE:AIR) by 15.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,034 shares of the aerospace company’s stock after buying an additional 8,044 shares during the quarter. Blair William & Co. IL owned about 0.16% of AAR worth $5,473,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Osterweis Capital Management Inc. acquired a new position in AAR in the 2nd quarter valued at $26,000. Salomon & Ludwin LLC bought a new position in AAR in the 3rd quarter valued at about $30,000. Optiver Holding B.V. acquired a new position in shares of AAR in the 3rd quarter valued at approximately $31,000. Westfuller Advisors LLC acquired a new position in shares of AAR in the 3rd quarter valued at approximately $39,000. Finally, Concord Wealth Partners bought a new stake in shares of AAR during the 3rd quarter worth approximately $51,000. Institutional investors own 90.74% of the company’s stock.

Insider Transactions at AAR

In other AAR news, SVP Christopher A. Jessup sold 23,621 shares of the company’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $97.05, for a total value of $2,292,418.05. Following the completion of the transaction, the senior vice president owned 65,769 shares of the company’s stock, valued at $6,382,881.45. This represents a 26.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John Mcclain Holmes III sold 30,000 shares of AAR stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $97.50, for a total value of $2,925,000.00. Following the sale, the chief executive officer directly owned 237,064 shares in the company, valued at $23,113,740. The trade was a 11.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 128,984 shares of company stock valued at $12,517,090 over the last quarter. 3.60% of the stock is currently owned by insiders.

AAR Price Performance

AIR stock opened at $108.39 on Wednesday. The company has a 50 day simple moving average of $106.76 and a 200 day simple moving average of $90.22. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of 42.50 and a beta of 1.19. AAR Corp. has a 1 year low of $46.51 and a 1 year high of $121.64. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.84 and a quick ratio of 1.31.

AAR (NYSE:AIR) last issued its earnings results on Tuesday, January 6th. The aerospace company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $795.30 million for the quarter, compared to analyst estimates of $760.95 million. AAR had a net margin of 3.17% and a return on equity of 12.40%. The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted $0.90 earnings per share. Research analysts anticipate that AAR Corp. will post 3.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AIR has been the topic of several analyst reports. Jefferies Financial Group increased their price target on shares of AAR to $135.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Wall Street Zen upgraded shares of AAR from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Royal Bank Of Canada upped their target price on AAR from $90.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. The Goldman Sachs Group assumed coverage on AAR in a research note on Monday, January 26th. They issued a “neutral” rating and a $121.00 price target on the stock. Finally, Zacks Research raised AAR from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.60.

AAR Company 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.