Prescott Group Capital Management L.L.C. Purchases New Holdings in AAR Corp. $AIR

Prescott Group Capital Management L.L.C. acquired a new position in AAR Corp. (NYSE:AIR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 20,000 shares of the aerospace company’s stock, valued at approximately $1,793,000.

Several other large investors also recently bought and sold shares of the company. State Street Corp lifted its position in shares of AAR by 10.9% in the second quarter. State Street Corp now owns 1,917,821 shares of the aerospace company’s stock valued at $131,927,000 after acquiring an additional 188,406 shares in the last quarter. Invesco Ltd. raised its stake in AAR by 4.2% in the 2nd quarter. Invesco Ltd. now owns 1,208,796 shares of the aerospace company’s stock valued at $83,153,000 after purchasing an additional 48,376 shares during the last quarter. Franklin Resources Inc. raised its stake in AAR by 0.5% in the 2nd quarter. Franklin Resources Inc. now owns 842,909 shares of the aerospace company’s stock valued at $57,984,000 after purchasing an additional 4,608 shares during the last quarter. Geode Capital Management LLC lifted its holdings in AAR by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 838,492 shares of the aerospace company’s stock valued at $57,687,000 after purchasing an additional 11,170 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in AAR by 35.2% during the 3rd quarter. Principal Financial Group Inc. now owns 640,707 shares of the aerospace company’s stock worth $57,452,000 after purchasing an additional 166,903 shares during the last quarter. 90.74% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Jessica A. Garascia sold 4,787 shares of the company’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $95.25, for a total value of $455,961.75. Following the transaction, the chief accounting officer owned 29,557 shares of the company’s stock, valued at $2,815,304.25. This represents a 13.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John Mcclain Holmes III sold 30,000 shares of the stock in a transaction on Monday, January 12th. The stock was sold at an average price of $97.50, for a total value of $2,925,000.00. Following the transaction, the chief executive officer owned 237,064 shares of the company’s stock, valued at approximately $23,113,740. This represents a 11.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 128,984 shares of company stock valued at $12,517,090. Insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Truist Financial set a $107.00 target price on shares of AAR in a report on Friday, January 9th. KeyCorp boosted their price target on shares of AAR from $93.00 to $109.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of AAR in a report on Monday, December 29th. Wall Street Zen lowered shares of AAR from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Zacks Research upgraded AAR from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. One investment 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 data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $110.80.

AAR Price Performance

AAR stock opened at $113.23 on Friday. The company has a current ratio of 2.84, a quick ratio of 1.31 and a debt-to-equity ratio of 0.61. The company has a 50-day moving average price of $95.48 and a 200 day moving average price of $85.01. AAR Corp. has a 12-month low of $46.51 and a 12-month high of $118.00. The stock has a market cap of $4.48 billion, a P/E ratio of 44.40 and a beta of 1.23.

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

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.