AAR Corp. $AIR Position Cut by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC decreased its position in shares of AAR Corp. (NYSE:AIR) by 16.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 231,908 shares of the aerospace company’s stock after selling 45,806 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in AAR were worth $20,795,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of AIR. Osterweis Capital Management Inc. bought a new stake in AAR in the 2nd quarter valued at about $26,000. Salomon & Ludwin LLC bought a new position in AAR in the 3rd quarter worth about $30,000. Optiver Holding B.V. acquired a new stake in shares of AAR in the third quarter valued at approximately $31,000. Westfuller Advisors LLC bought a new stake in shares of AAR during the third quarter valued at approximately $39,000. Finally, Concord Wealth Partners acquired a new position in shares of AAR during the third quarter worth approximately $51,000. Institutional investors and hedge funds own 90.74% of the company’s stock.

AAR Trading Down 2.3%

Shares of AAR stock opened at $116.99 on Wednesday. The business has a fifty day simple moving average of $104.19 and a 200-day simple moving average of $88.92. AAR Corp. has a fifty-two week low of $46.51 and a fifty-two week high of $121.64. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 45.88 and a beta of 1.19. The company has a quick ratio of 1.31, a current ratio of 2.84 and a debt-to-equity ratio of 0.61.

AAR (NYSE:AIR) last issued its quarterly earnings results on Tuesday, January 6th. The aerospace company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.02 by $0.16. AAR had a net margin of 3.17% and a return on equity of 12.40%. The firm had revenue of $795.30 million for the quarter, compared to analysts’ expectations of $760.95 million. During the same period in the previous year, the business earned $0.90 earnings per share. AAR’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, equities analysts forecast that AAR Corp. will post 3.77 EPS for the current fiscal year.

Insider Buying and Selling at AAR

In other news, SVP Christopher A. Jessup sold 23,621 shares of the stock in a transaction on Friday, January 9th. The stock was sold at an average price of $97.05, for a total transaction of $2,292,418.05. Following the completion of the sale, the senior vice president owned 65,769 shares in the company, valued at approximately $6,382,881.45. This represents a 26.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sarah Louise Flanagan sold 10,750 shares of AAR stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $108.56, for a total value of $1,167,020.00. Following the completion of the transaction, the chief financial officer owned 32,848 shares in the company, valued at $3,565,978.88. The trade was a 24.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 128,984 shares of company stock valued at $12,517,090 in the last ninety days. Company insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

AIR has been the topic of several analyst reports. The Goldman Sachs Group assumed coverage on AAR in a research report on Monday, January 26th. They issued a “neutral” rating and a $121.00 target price on the stock. Zacks Research raised AAR from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. Weiss Ratings restated a “hold (c-)” rating on shares of AAR in a research note on Monday, December 29th. Royal Bank Of Canada increased their target price on shares of AAR from $90.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, January 7th. Finally, KeyCorp raised their target price on shares of AAR from $93.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $115.40.

AAR Company Profile

AAR Corp. (NYSE: AIR) is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.

In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.