AAR Corp. (NYSE:AIR) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lifted its holdings in AAR Corp. (NYSE:AIR) by 124.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,251 shares of the aerospace company’s stock after purchasing an additional 694 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in AAR were worth $77,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AIR. Quantbot Technologies LP acquired a new stake in shares of AAR in the 1st quarter worth $26,000. Point72 Hong Kong Ltd acquired a new stake in shares of AAR in the 1st quarter worth $44,000. Point72 Asset Management L.P. acquired a new stake in AAR during the 2nd quarter worth about $52,000. Exchange Traded Concepts LLC lifted its position in AAR by 56.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 957 shares of the aerospace company’s stock worth $57,000 after acquiring an additional 345 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in AAR by 160.8% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,051 shares of the aerospace company’s stock worth $57,000 after acquiring an additional 648 shares during the period. Institutional investors and hedge funds own 90.74% of the company’s stock.

Insider Activity at AAR

In related news, CEO John Mcclain Holmes III sold 28,145 shares of AAR stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $57.96, for a total value of $1,631,284.20. Following the completion of the transaction, the chief executive officer now owns 303,621 shares in the company, valued at approximately $17,597,873.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CAO Jessica A. Garascia sold 7,352 shares of AAR stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $63.37, for a total value of $465,896.24. Following the completion of the transaction, the chief accounting officer now owns 28,165 shares in the company, valued at approximately $1,784,816.05. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO John Mcclain Holmes III sold 28,145 shares of AAR stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $57.96, for a total value of $1,631,284.20. Following the completion of the transaction, the chief executive officer now owns 303,621 shares of the company’s stock, valued at approximately $17,597,873.16. The disclosure for this sale can be found here. Insiders sold a total of 64,747 shares of company stock worth $3,858,323 in the last 90 days. Corporate insiders own 4.30% of the company’s stock.

AAR Stock Performance

Shares of AIR stock opened at $61.86 on Thursday. The stock has a market cap of $2.19 billion, a PE ratio of 36.39 and a beta of 1.67. The business has a 50-day simple moving average of $63.38 and a 200-day simple moving average of $63.04. The company has a quick ratio of 1.33, a current ratio of 2.90 and a debt-to-equity ratio of 0.24. AAR Corp. has a 52-week low of $50.06 and a 52-week high of $73.95.

AAR (NYSE:AIR) last issued its quarterly earnings data on Thursday, March 21st. The aerospace company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.01. AAR had a return on equity of 10.17% and a net margin of 2.73%. On average, equities analysts expect that AAR Corp. will post 3.3 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. William Blair assumed coverage on AAR in a research report on Monday, January 29th. They set an “outperform” rating for the company. Truist Financial lifted their price target on AAR from $68.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, December 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $80.00 price target on shares of AAR in a research report on Friday, March 22nd. Benchmark lifted their price target on AAR from $65.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Stifel Nicolaus boosted their price objective on AAR from $80.00 to $81.00 and gave the company a “buy” rating in a report on Friday, December 22nd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.25.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. It operates through Aviation Services and Expeditionary Services segments. The Aviation Services segment engages in lease and sale of new, overhauled and repaired engine, and airframe parts and components, as well as aircrafts; and offers customized flight hour component inventory and repair, warranty claim management, and outsourcing programs for engine and airframe parts and components.