AAR Corp. (NYSE:AIR) Shares Bought by US Bancorp DE

US Bancorp DE raised its stake in AAR Corp. (NYSE:AIR) by 3.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 6,118 shares of the aerospace company’s stock after buying an additional 225 shares during the quarter. US Bancorp DE’s holdings in AAR were worth $375,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AIR. National Bank of Canada FI acquired a new position in AAR in the third quarter valued at approximately $25,000. Venturi Wealth Management LLC boosted its stake in AAR by 1,965.6% in the fourth quarter. Venturi Wealth Management LLC now owns 1,322 shares of the aerospace company’s stock valued at $81,000 after acquiring an additional 1,258 shares during the period. Toth Financial Advisory Corp boosted its stake in AAR by 133.3% in the fourth quarter. Toth Financial Advisory Corp now owns 1,400 shares of the aerospace company’s stock valued at $86,000 after acquiring an additional 800 shares during the period. KBC Group NV boosted its stake in AAR by 32.9% in the third quarter. KBC Group NV now owns 1,324 shares of the aerospace company’s stock valued at $87,000 after acquiring an additional 328 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in AAR by 52.1% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,711 shares of the aerospace company’s stock valued at $166,000 after acquiring an additional 929 shares during the period. 90.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AIR. StockNews.com downgraded AAR from a “hold” rating to a “sell” rating in a research report on Wednesday, February 5th. KeyCorp began coverage on AAR in a research report on Thursday, January 16th. They set an “overweight” rating and a $83.00 price objective for the company. One analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $81.50.

Insider Buying and Selling

In related news, CAO Jessica A. Garascia sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $66.90, for a total transaction of $100,350.00. Following the sale, the chief accounting officer now owns 37,565 shares of the company’s stock, valued at $2,513,098.50. The trade was a 3.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sean M. Gillen sold 17,385 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $66.33, for a total value of $1,153,147.05. Following the sale, the chief financial officer now directly owns 72,326 shares in the company, valued at approximately $4,797,383.58. The trade was a 19.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 185,793 shares of company stock valued at $12,538,396 over the last quarter. Corporate insiders own 4.10% of the company’s stock.

AAR Stock Performance

Shares of NYSE AIR opened at $66.29 on Friday. The company has a current ratio of 2.68, a quick ratio of 1.27 and a debt-to-equity ratio of 0.84. The stock has a 50 day simple moving average of $66.50 and a 200-day simple moving average of $65.25. The company has a market cap of $2.38 billion, a PE ratio of 236.76 and a beta of 1.58. AAR Corp. has a 12-month low of $54.71 and a 12-month high of $76.34.

AAR (NYSE:AIR) last announced its earnings results on Tuesday, January 7th. The aerospace company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.83 by $0.07. AAR had a return on equity of 10.46% and a net margin of 0.41%. The firm had revenue of $686.10 million for the quarter, compared to analysts’ expectations of $654.47 million. During the same quarter in the previous year, the company earned $0.81 earnings per share. The firm’s quarterly revenue was up 25.8% compared to the same quarter last year. On average, equities research analysts forecast that AAR Corp. will post 3.77 EPS for the current year.

AAR Company Profile

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Parts Supply segment leases and sells aircraft components and replacement parts. The Repair & Engineering segment provides airframe maintenance services, such as airframe inspection, painting, line maintenance, airframe modification, structural repair, avionics service and installation, exterior and interior refurbishment, and engineering and support services; component repair services comprising maintenance, repair, and overhaul (MRO) services, engine and airframe accessories, and interior refurbishment; and landing gear overhaul services, including repair services on wheels and brakes.