Invesco Ltd. Boosts Stock Position in AAR Corp. $AIR

Invesco Ltd. grew its holdings in AAR Corp. (NYSE:AIR) by 4.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,208,796 shares of the aerospace company’s stock after purchasing an additional 48,376 shares during the period. Invesco Ltd. owned about 3.36% of AAR worth $83,153,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in AIR. Sheets Smith Wealth Management lifted its holdings in AAR by 1.9% during the 2nd quarter. Sheets Smith Wealth Management now owns 7,416 shares of the aerospace company’s stock valued at $510,000 after buying an additional 135 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of AAR by 4.4% during the second quarter. Teacher Retirement System of Texas now owns 5,482 shares of the aerospace company’s stock worth $377,000 after acquiring an additional 231 shares during the period. Voya Investment Management LLC raised its stake in shares of AAR by 2.6% during the first quarter. Voya Investment Management LLC now owns 12,528 shares of the aerospace company’s stock valued at $701,000 after acquiring an additional 320 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in shares of AAR by 3.6% in the second quarter. Yousif Capital Management LLC now owns 13,157 shares of the aerospace company’s stock valued at $905,000 after purchasing an additional 454 shares during the period. Finally, Rhumbline Advisers grew its stake in AAR by 0.5% in the second quarter. Rhumbline Advisers now owns 112,600 shares of the aerospace company’s stock worth $7,746,000 after purchasing an additional 542 shares in the last quarter. 90.74% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO John Mcclain Holmes III sold 38,462 shares of the company’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $83.50, for a total transaction of $3,211,577.00. Following the transaction, the chief executive officer directly owned 260,141 shares of the company’s stock, valued at $21,721,773.50. This represents a 12.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 3.60% of the stock is currently owned by company insiders.

AAR Stock Down 2.0%

NYSE:AIR opened at $79.50 on Wednesday. The company’s 50-day simple moving average is $82.48 and its 200-day simple moving average is $76.51. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.31 and a current ratio of 2.91. AAR Corp. has a fifty-two week low of $46.51 and a fifty-two week high of $89.69. The stock has a market capitalization of $3.11 billion, a P/E ratio of 101.92 and a beta of 1.29.

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

Analyst Ratings Changes

AIR has been the subject of a number of research analyst reports. Wall Street Zen raised AAR from a “hold” rating to a “buy” rating in a research report on Sunday, November 2nd. KeyCorp lifted their price objective on AAR from $86.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, September 29th. Zacks Research lowered shares of AAR from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of AAR in a research report on Monday, December 1st. Finally, Royal Bank Of Canada boosted their price target 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 equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.00.

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.