AAR Corp. $AIR Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. cut its holdings in shares of AAR Corp. (NYSE:AIR) by 8.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 68,767 shares of the aerospace company’s stock after selling 6,306 shares during the quarter. Stanley Laman Group Ltd.’s holdings in AAR were worth $4,730,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Sheets Smith Wealth Management raised its holdings in shares of AAR by 1.9% during the second quarter. Sheets Smith Wealth Management now owns 7,416 shares of the aerospace company’s stock worth $510,000 after purchasing an additional 135 shares during the last quarter. Voya Investment Management LLC grew its position in AAR by 2.6% during the 1st quarter. Voya Investment Management LLC now owns 12,528 shares of the aerospace company’s stock worth $701,000 after purchasing an additional 320 shares during the period. Yousif Capital Management LLC raised its stake in shares of AAR by 3.6% during the 2nd quarter. Yousif Capital Management LLC now owns 13,157 shares of the aerospace company’s stock valued at $905,000 after buying an additional 454 shares during the last quarter. Hughes Financial Services LLC acquired a new position in shares of AAR in the 1st quarter valued at about $28,000. Finally, GAMMA Investing LLC boosted its stake in shares of AAR by 88.5% in the first quarter. GAMMA Investing LLC now owns 1,131 shares of the aerospace company’s stock worth $63,000 after buying an additional 531 shares during the last quarter. 90.74% of the stock is owned by hedge funds and other institutional investors.

AAR Price Performance

AAR stock opened at $82.92 on Friday. The stock has a market capitalization of $3.24 billion, a P/E ratio of 106.31 and a beta of 1.52. The company’s fifty day moving average price is $78.36 and its 200 day moving average price is $69.25. 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 1 year low of $46.51 and a 1 year high of $89.69.

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AIR. Zacks Research upgraded AAR from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 30th. Wall Street Zen raised shares of AAR from a “hold” rating to a “buy” rating in a report on Sunday, September 28th. KeyCorp boosted their target price on shares of AAR from $86.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Weiss Ratings restated a “hold (c-)” rating on shares of AAR in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $85.00 price objective on shares of AAR in a research report on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, AAR currently has an average rating of “Buy” and a consensus price target of $89.33.

Insider Activity at AAR

In related news, CEO John Mcclain Holmes III sold 31,551 shares of AAR stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $78.03, for a total value of $2,461,924.53. Following the sale, the chief executive officer directly owned 360,921 shares in the company, valued at approximately $28,162,665.63. The trade was a 8.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Jessica A. Garascia sold 3,631 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $77.08, for a total value of $279,877.48. Following the sale, the chief accounting officer owned 39,117 shares of the company’s stock, valued at approximately $3,015,138.36. This trade represents a 8.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 95,182 shares of company stock valued at $7,331,452. 3.60% of the stock is owned by corporate insiders.

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.