FourThought Financial Partners LLC Purchases New Position in AAR Corp. $AIR

FourThought Financial Partners LLC acquired a new position in shares of AAR Corp. (NYSE:AIR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,941 shares of the aerospace company’s stock, valued at approximately $202,000.

Other institutional investors also recently made changes to their positions in the company. Sheets Smith Wealth Management lifted its holdings in AAR by 1.9% during the 2nd quarter. Sheets Smith Wealth Management now owns 7,416 shares of the aerospace company’s stock worth $510,000 after purchasing an additional 135 shares during the last quarter. Teacher Retirement System of Texas increased its position in AAR by 4.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 5,482 shares of the aerospace company’s stock worth $377,000 after buying an additional 231 shares during the period. Voya Investment Management LLC lifted its holdings in shares of AAR by 2.6% during the first quarter. Voya Investment Management LLC now owns 12,528 shares of the aerospace company’s stock worth $701,000 after buying an additional 320 shares in the last quarter. Yousif Capital Management LLC lifted its holdings in shares of AAR by 3.6% during the second quarter. Yousif Capital Management LLC now owns 13,157 shares of the aerospace company’s stock worth $905,000 after buying an additional 454 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of AAR by 0.5% in the second quarter. Rhumbline Advisers now owns 112,600 shares of the aerospace company’s stock valued at $7,746,000 after acquiring an additional 542 shares during the period. Institutional investors own 90.74% of the company’s stock.

Insider Transactions at AAR

In other news, CEO John Mcclain Holmes III sold 38,462 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $83.50, for a total value of $3,211,577.00. Following the completion of the sale, the chief executive officer owned 260,141 shares in the company, valued at $21,721,773.50. This represents a 12.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of AAR in a research note on Tuesday. Royal Bank Of Canada increased their target price on shares of AAR from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday. Truist Financial raised their target price on shares of AAR from $81.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Wall Street Zen raised AAR from a “hold” rating to a “buy” rating in a research report on Sunday, November 2nd. Finally, Zacks Research lowered AAR from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $91.00.

AAR Stock Performance

Shares of AIR opened at $83.11 on Thursday. The firm has a market capitalization of $3.25 billion, a P/E ratio of 106.55 and a beta of 1.53. AAR Corp. has a 52 week low of $46.51 and a 52 week high of $89.69. The stock has a 50 day moving average price of $82.38 and a two-hundred day moving average price of $75.09. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.31 and a current ratio of 2.91.

AAR (NYSE:AIR) last posted its earnings results on Wednesday, May 28th. The aerospace company reported $0.83 earnings per share for the quarter. AAR had a return on equity of 12.29% and a net margin of 1.01%.The company had revenue of $553.30 million for the quarter. Equities analysts forecast that AAR Corp. will post 3.77 earnings per share for the current fiscal year.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Parts Supply segment leases and sells aircraft components and replacement parts. The Repair & Engineering segment provides airframe maintenance services, such as airframe inspection, painting, line maintenance, airframe modification, structural repair, avionics service and installation, exterior and interior refurbishment, and engineering and support services; component repair services comprising maintenance, repair, and overhaul (MRO) services, engine and airframe accessories, and interior refurbishment; and landing gear overhaul services, including repair services on wheels and brakes.