10,711 Shares in AAR Corp. $AIR Acquired by XTX Topco Ltd

XTX Topco Ltd purchased a new position in shares of AAR Corp. (NYSE:AIR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,711 shares of the aerospace company’s stock, valued at approximately $737,000.

A number of other large investors also recently modified their holdings of AIR. Virtus Advisers LLC acquired a new stake in shares of AAR in the 1st quarter valued at $47,000. State of Wyoming increased its holdings in AAR by 128.5% in the first quarter. State of Wyoming now owns 1,821 shares of the aerospace company’s stock valued at $102,000 after buying an additional 1,024 shares during the last quarter. Simplex Trading LLC purchased a new position in AAR in the second quarter valued at $103,000. Vontobel Holding Ltd. acquired a new stake in AAR in the second quarter valued at $202,000. Finally, EntryPoint Capital LLC purchased a new stake in AAR during the 1st quarter worth about $205,000. 90.74% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other AAR news, CEO John Mcclain Holmes III sold 38,462 shares of AAR stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $83.50, for a total value of $3,211,577.00. Following the transaction, the chief executive officer directly owned 260,141 shares in the company, valued at approximately $21,721,773.50. The trade was a 12.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AIR. Wall Street Zen upgraded AAR from a “hold” rating to a “buy” rating in a report on Sunday, November 2nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AAR in a report on Monday. Zacks Research lowered shares of AAR from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Truist Financial raised their price objective on shares of AAR from $81.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Finally, Royal Bank Of Canada upped their target price on shares of AAR from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, November 26th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, AAR presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.00.

AAR Trading Up 1.5%

NYSE:AIR opened at $82.81 on Wednesday. The company has a market capitalization of $3.24 billion, a PE ratio of 106.17 and a beta of 1.29. AAR Corp. has a 52-week low of $46.51 and a 52-week high of $89.69. The stock’s 50 day moving average price is $82.85 and its 200 day moving average price is $75.77. The company has a quick ratio of 1.31, a current ratio of 2.91 and a debt-to-equity ratio of 0.82.

AAR (NYSE:AIR) last posted its quarterly earnings data on Wednesday, May 28th. The aerospace company reported $0.83 earnings per share for the quarter. The business had revenue of $553.30 million during the quarter. AAR had a return on equity of 12.29% and a net margin of 1.01%. On average, research analysts anticipate that AAR Corp. will post 3.77 EPS for the current year.

AAR 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.