Wealth Enhancement Trust Services Inc. Invests $1.42 Million in AAR Corp. $AIR

Wealth Enhancement Trust Services Inc. purchased a new stake in shares of AAR Corp. (NYSE:AIR) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 17,099 shares of the aerospace company’s stock, valued at approximately $1,416,000.

Several other institutional investors also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in AAR by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,779 shares of the aerospace company’s stock worth $1,163,000 after buying an additional 904 shares in the last quarter. Millennium Management LLC lifted its stake in AAR by 35.8% during the 1st quarter. Millennium Management LLC now owns 134,966 shares of the aerospace company’s stock valued at $7,557,000 after acquiring an additional 35,608 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of AAR by 4.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 97,384 shares of the aerospace company’s stock valued at $5,453,000 after acquiring an additional 4,288 shares during the last quarter. State Street Corp grew its stake 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 worth $131,927,000 after acquiring an additional 188,406 shares during the period. Finally, Sei Investments Co. grew its stake in shares of AAR by 4.2% in the second quarter. Sei Investments Co. now owns 265,375 shares of the aerospace company’s stock worth $18,255,000 after acquiring an additional 10,725 shares during the period. 90.74% of the stock is owned by hedge funds and other institutional investors.

AAR Price Performance

NYSE AIR opened at $122.95 on Friday. The company has a current ratio of 2.70, a quick ratio of 1.23 and a debt-to-equity ratio of 0.54. AAR Corp. has a 12 month low of $50.28 and a 12 month high of $127.21. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 27.26 and a beta of 1.20. The company’s 50 day moving average is $113.32 and its two-hundred day moving average is $96.97.

AAR (NYSE:AIR) last posted its quarterly earnings results on Tuesday, March 24th. The aerospace company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.04. The business had revenue of $845.10 million during the quarter, compared to analyst estimates of $812.58 million. AAR had a net margin of 5.46% and a return on equity of 12.39%. The company’s revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 earnings per share. As a group, research analysts anticipate that AAR Corp. will post 3.77 earnings per share for the current year.

Insider Buying and Selling at AAR

In related news, CFO Sarah Louise Flanagan sold 10,750 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $108.56, for a total value of $1,167,020.00. Following the completion of the transaction, the chief financial officer owned 32,848 shares of the company’s stock, valued at approximately $3,565,978.88. This represents a 24.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO John Mcclain Holmes III sold 60,000 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer owned 235,064 shares of the company’s stock, valued at $26,423,544.24. The trade was a 20.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 106,925 shares of company stock valued at $11,812,450 in the last ninety days. 3.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Jefferies Financial Group boosted their price objective on shares of AAR to $150.00 and gave the company a “buy” rating in a report on Tuesday, March 24th. The Goldman Sachs Group started coverage on shares of AAR in a research report on Monday, January 26th. They issued a “neutral” rating and a $121.00 target price for the company. Weiss Ratings upgraded shares of AAR from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, March 27th. Wall Street Zen raised AAR from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Finally, Zacks Research downgraded AAR from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, AAR presently 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.