Royce & Associates LP Sells 11,240 Shares of AAR Corp. $AIR

Royce & Associates LP decreased its stake in shares of AAR Corp. (NYSE:AIR) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 177,180 shares of the aerospace company’s stock after selling 11,240 shares during the period. Royce & Associates LP owned about 0.45% of AAR worth $14,669,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Osterweis Capital Management Inc. bought a new position in AAR during the second quarter valued at approximately $26,000. Morse Asset Management Inc purchased a new stake in AAR during the third quarter valued at approximately $27,000. NBC Securities Inc. purchased a new stake in AAR during the fourth quarter valued at approximately $28,000. Danske Bank A S purchased a new stake in AAR during the fourth quarter valued at approximately $28,000. Finally, Optiver Holding B.V. purchased a new stake in AAR during the third quarter valued at approximately $31,000. Institutional investors own 90.74% of the company’s stock.

AAR Stock Performance

Shares of NYSE AIR opened at $112.54 on Wednesday. The firm has a fifty day moving average price of $112.12 and a 200-day moving average price of $101.90. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.70 and a quick ratio of 1.23. The stock has a market cap of $4.48 billion, a PE ratio of 24.95 and a beta of 1.14. AAR Corp. has a 1 year low of $60.21 and a 1 year high of $127.21.

AAR (NYSE:AIR) last announced its quarterly earnings data on Tuesday, March 24th. The aerospace company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.04. The firm 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%. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.99 earnings per share. Equities analysts anticipate that AAR Corp. will post 4.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Truist Financial raised shares of AAR to a “strong-buy” rating in a report on Friday, May 1st. Wall Street Zen cut shares of AAR from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Royal Bank Of Canada upped their target price on shares of AAR from $105.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, March 25th. Jefferies Financial Group upped their target price on shares of AAR to $150.00 and gave the company a “buy” rating in a report on Tuesday, March 24th. Finally, Weiss Ratings raised shares of AAR from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.20.

Insider Activity

In other news, CEO John Mcclain Holmes III sold 26,175 shares of the stock in a transaction on Friday, March 27th. The shares were sold at an average price of $107.60, for a total value of $2,816,430.00. Following the completion of the sale, the chief executive officer directly owned 235,064 shares of the company’s stock, valued at $25,292,886.40. This represents a 10.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.60% of the stock is currently owned by company insiders.

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.