GAMMA Investing LLC Invests $27,000 in AAR Corp. (NYSE:AIR)

GAMMA Investing LLC bought a new stake in AAR Corp. (NYSE:AIR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 438 shares of the aerospace company’s stock, valued at approximately $27,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AIR. Emerald Advisers LLC grew its stake in shares of AAR by 4,275.8% in the third quarter. Emerald Advisers LLC now owns 401,440 shares of the aerospace company’s stock valued at $23,898,000 after buying an additional 392,266 shares in the last quarter. Emerald Mutual Fund Advisers Trust lifted its holdings in AAR by 358.5% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 325,446 shares of the aerospace company’s stock valued at $19,374,000 after purchasing an additional 254,470 shares during the last quarter. Wellington Management Group LLP acquired a new stake in AAR during the 3rd quarter valued at $11,029,000. Fred Alger Management LLC acquired a new stake in AAR during the 3rd quarter valued at $9,920,000. Finally, Lord Abbett & CO. LLC lifted its holdings in AAR by 90.4% during the 3rd quarter. Lord Abbett & CO. LLC now owns 217,463 shares of the aerospace company’s stock valued at $12,946,000 after purchasing an additional 103,228 shares during the last quarter. 90.74% of the stock is owned by institutional investors.

Insider Activity at AAR

In related news, SVP Christopher A. Jessup sold 14,973 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $70.05, for a total value of $1,048,858.65. Following the completion of the transaction, the senior vice president now owns 51,803 shares of the company’s stock, valued at $3,628,800.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other AAR news, SVP Christopher A. Jessup sold 14,973 shares of AAR stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $70.05, for a total value of $1,048,858.65. Following the transaction, the senior vice president now owns 51,803 shares in the company, valued at $3,628,800.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jessica A. Garascia sold 7,352 shares of AAR stock in a transaction dated Tuesday, April 9th. The shares were 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 disclosure for this sale can be found here. Insiders sold a total of 79,720 shares of company stock valued at $4,907,182 over the last quarter. 4.30% of the stock is owned by corporate insiders.

AAR Stock Up 1.6 %

AIR stock opened at $71.06 on Tuesday. The company has a market cap of $2.52 billion, a PE ratio of 41.80 and a beta of 1.60. The business has a 50-day simple moving average of $63.96 and a 200 day simple moving average of $63.86. AAR Corp. has a 52 week low of $50.06 and a 52 week high of $73.95. 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 (NYSE:AIR) last posted its quarterly earnings results on Thursday, March 21st. The aerospace company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. The business had revenue of $567.30 million during the quarter, compared to the consensus estimate of $567.63 million. AAR had a return on equity of 10.17% and a net margin of 2.73%. Sell-side analysts anticipate that AAR Corp. will post 3.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AIR shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $80.00 price target on shares of AAR in a report on Friday, March 22nd. William Blair started coverage on AAR in a report on Monday, January 29th. They set an “outperform” rating for the company. Finally, Benchmark lifted their target price on AAR from $65.00 to $83.00 and gave the stock a “buy” rating in a report on Monday, April 15th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, AAR has a consensus rating of “Moderate Buy” and a consensus target price of $81.25.

AAR Profile

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.