Quantbot Technologies LP Decreases Stock Position in AAR Corp. $AIR

Quantbot Technologies LP lessened its position in shares of AAR Corp. (NYSE:AIR) by 34.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,915 shares of the aerospace company’s stock after selling 10,788 shares during the period. Quantbot Technologies LP’s holdings in AAR were worth $1,875,000 at the end of the most recent reporting period.

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

AAR Trading Up 1.6%

Shares of AIR opened at $118.67 on Thursday. AAR Corp. has a 1-year low of $46.51 and a 1-year high of $121.64. The company has a market capitalization of $4.70 billion, a P/E ratio of 46.54 and a beta of 1.19. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.84 and a quick ratio of 1.31. The firm’s 50 day simple moving average is $104.84 and its 200 day simple moving average is $89.13.

AAR (NYSE:AIR) last issued its quarterly earnings results on Tuesday, January 6th. The aerospace company reported $1.18 EPS for the quarter, topping 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 business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.90 EPS. Sell-side analysts forecast that AAR Corp. will post 3.77 earnings per share for the current fiscal year.

Insider Transactions at AAR

In other AAR news, CFO Sarah Louise Flanagan sold 10,750 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $108.56, for a total value of $1,167,020.00. Following the completion of the sale, the chief financial officer owned 32,848 shares of the company’s stock, valued at $3,565,978.88. This represents a 24.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Christopher A. Jessup sold 23,621 shares of the stock in a transaction that occurred 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 in the company, valued at $6,382,881.45. The trade was a 26.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 128,984 shares of company stock worth $12,517,090. Company insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AIR shares. Jefferies Financial Group increased their target price on AAR to $135.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Royal Bank Of Canada increased their price objective on AAR from $90.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, January 7th. Wall Street Zen raised AAR from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Zacks Research raised shares of AAR from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of AAR in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $115.40.

About AAR

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.