Vanguard Group Inc. Boosts Holdings in AAR Corp. $AIR

Vanguard Group Inc. grew its position in AAR Corp. (NYSE:AIR) by 7.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,061,230 shares of the aerospace company’s stock after purchasing an additional 281,871 shares during the period. Vanguard Group Inc. owned 0.10% of AAR worth $336,229,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in AIR. Osterweis Capital Management Inc. purchased a new stake in shares of AAR in the 2nd quarter valued at approximately $26,000. Morse Asset Management Inc purchased a new stake in shares of AAR in the 3rd quarter valued at approximately $27,000. NBC Securities Inc. purchased a new stake in shares of AAR in the 4th quarter valued at approximately $28,000. Optiver Holding B.V. purchased a new position in shares of AAR during the 3rd quarter worth approximately $31,000. Finally, Westfuller Advisors LLC purchased a new position in shares of AAR during the 3rd quarter worth approximately $39,000. Hedge funds and other institutional investors own 90.74% of the company’s stock.

AAR Stock Performance

Shares of AIR stock opened at $117.39 on Friday. The company has a quick ratio of 1.23, a current ratio of 2.70 and a debt-to-equity ratio of 0.54. AAR Corp. has a 52 week low of $58.43 and a 52 week high of $127.21. The stock has a market capitalization of $4.67 billion, a PE ratio of 26.03 and a beta of 1.14. The firm has a 50 day moving average of $112.92 and a two-hundred day moving average of $99.64.

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

Insider Buying and Selling

In other AAR news, CEO John Mcclain Holmes III sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 26th. The shares were sold at an average price of $112.41, for a total value of $6,744,600.00. Following the completion of the transaction, the chief executive officer owned 235,064 shares of the company’s stock, valued at $26,423,544.24. This trade represents a 20.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 3.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group increased their price objective on shares of AAR to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, March 24th. Truist Financial upgraded AAR to a “strong-buy” rating in a report on Friday, May 1st. KeyCorp boosted their price objective on AAR from $120.00 to $132.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Weiss Ratings raised AAR from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, March 27th. Finally, Zacks Research downgraded AAR from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. 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.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $131.20.

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.