Dimensional Fund Advisors LP Sells 181,020 Shares of AAR Corp. $AIR

Dimensional Fund Advisors LP cut its holdings in AAR Corp. (NYSE:AIR) by 8.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,006,280 shares of the aerospace company’s stock after selling 181,020 shares during the quarter. Dimensional Fund Advisors LP owned about 5.13% of AAR worth $179,897,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Optiver Holding B.V. acquired a new stake in shares of AAR in the 3rd quarter valued at $31,000. Salomon & Ludwin LLC bought a new stake in AAR in the third quarter worth $30,000. Osterweis Capital Management Inc. acquired a new position in AAR during the second quarter worth $26,000. Westfuller Advisors LLC bought a new position in AAR during the third quarter valued at about $39,000. Finally, Concord Wealth Partners bought a new position in AAR during the third quarter valued at about $51,000. 90.74% of the stock is owned by institutional investors.

AAR Price Performance

NYSE AIR opened at $108.36 on Monday. The stock has a 50-day simple moving average of $105.80 and a 200 day simple moving average of $89.74. AAR Corp. has a twelve month low of $46.51 and a twelve month high of $121.64. The stock has a market capitalization of $4.29 billion, a PE ratio of 42.49 and a beta of 1.19. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.31 and a current ratio of 2.84.

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

Insider Activity at AAR

In related news, SVP Christopher A. Jessup sold 23,621 shares of the business’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $97.05, for a total transaction of $2,292,418.05. Following the transaction, the senior vice president owned 65,769 shares of the company’s stock, valued at approximately $6,382,881.45. The trade was a 26.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO John Mcclain Holmes III sold 10,000 shares of the company’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $108.44, for a total transaction of $1,084,400.00. Following the transaction, the chief executive officer owned 237,064 shares of the company’s stock, valued at approximately $25,707,220.16. The trade was a 4.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 128,984 shares of company stock worth $12,517,090. Insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Truist Financial reissued a “buy” rating and set a $128.00 price objective (up from $107.00) on shares of AAR in a report on Friday. Royal Bank Of Canada boosted their target price on AAR from $90.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, January 7th. Jefferies Financial Group upped their target price on AAR to $135.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of AAR in a report on Monday, December 29th. Finally, KeyCorp lifted their price target on shares of AAR from $93.00 to $109.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.