First Eagle Investment Management LLC Boosts Stake in AAR Corp. $AIR

First Eagle Investment Management LLC increased its stake in AAR Corp. (NYSE:AIR) by 22.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 61,619 shares of the aerospace company’s stock after purchasing an additional 11,300 shares during the quarter. First Eagle Investment Management LLC’s holdings in AAR were worth $5,101,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Morse Asset Management Inc bought a new stake in AAR during the third quarter valued at about $27,000. Danske Bank A S purchased a new position in shares of AAR during the 4th quarter valued at about $28,000. Optiver Holding B.V. purchased a new position in shares of AAR during the 3rd quarter valued at about $31,000. NBC Securities Inc. bought a new position in shares of AAR during the 4th quarter valued at approximately $28,000. Finally, Osterweis Capital Management Inc. purchased a new stake in AAR in the 2nd quarter worth approximately $26,000. 90.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AIR has been the topic of a number of recent analyst reports. Zacks Research cut shares of AAR from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Weiss Ratings raised shares of AAR from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, March 27th. KeyCorp raised their price objective on shares of AAR from $120.00 to $132.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Truist Financial upgraded shares of AAR to a “strong-buy” rating in a research note on Friday, May 1st. Finally, Wall Street Zen downgraded shares of AAR from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $131.20.

AAR Price Performance

AIR stock opened at $107.51 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.23 and a current ratio of 2.70. The company’s fifty day moving average price is $112.56 and its 200-day moving average price is $100.48. AAR Corp. has a one year low of $58.83 and a one year high of $127.21. The company has a market capitalization of $4.27 billion, a PE ratio of 23.84 and a beta of 1.14.

AAR (NYSE:AIR) last posted its earnings results on Tuesday, March 24th. The aerospace company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.04. The company had revenue of $845.10 million during the quarter, compared to analysts’ expectations of $812.58 million. AAR had a net margin of 5.46% and a return on equity of 12.39%. AAR’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period last year, the company posted $0.99 earnings per share. On average, equities analysts anticipate that AAR Corp. will post 4.95 EPS for the current fiscal year.

Insider Buying and Selling at AAR

In other news, CEO John Mcclain Holmes III sold 60,000 shares of AAR stock in a transaction dated Thursday, March 26th. The stock was sold at an average price of $112.41, for a total value of $6,744,600.00. Following the sale, the chief executive officer directly owned 235,064 shares of the company’s stock, valued at approximately $26,423,544.24. The trade was a 20.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.60% of the stock is currently owned by insiders.

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.