De Lisle Partners LLP purchased a new position in AAR Corp. (NYSE:AIR – Free Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 63,217 shares of the aerospace company’s stock, valued at approximately $5,238,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of AIR. McMillan Office Inc. purchased a new stake in AAR in the fourth quarter worth $25,000. Osterweis Capital Management Inc. purchased a new position in shares of AAR during the second quarter valued at $26,000. Morse Asset Management Inc purchased a new position in shares of AAR during the third quarter valued at $27,000. NBC Securities Inc. purchased a new position in shares of AAR during the fourth quarter valued at $28,000. Finally, Danske Bank A S purchased a new position in shares of AAR during the fourth quarter valued at $28,000. Hedge funds and other institutional investors own 90.74% of the company’s stock.
AAR Price Performance
Shares of NYSE AIR opened at $128.88 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.23 and a current ratio of 2.70. The company has a market cap of $5.12 billion, a PE ratio of 28.58 and a beta of 1.13. The business has a 50-day simple moving average of $114.25 and a two-hundred day simple moving average of $105.00. AAR Corp. has a fifty-two week low of $66.68 and a fifty-two week high of $130.00.
Insider Activity at AAR
In related news, CEO John Mcclain Holmes III sold 26,175 shares of AAR stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $107.60, for a total transaction of $2,816,430.00. Following the completion of the sale, the chief executive officer owned 235,064 shares of the company’s stock, valued at $25,292,886.40. The trade was a 10.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.60% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
AIR has been the topic of several analyst reports. Royal Bank Of Canada lifted their target price on AAR from $105.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, March 25th. Truist Financial upgraded AAR to a “strong-buy” rating in a research note on Friday, May 1st. KeyCorp lifted their target price on AAR from $120.00 to $132.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Zacks Research lowered AAR from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Jefferies Financial Group lifted their target price on AAR to $150.00 and gave the company a “buy” rating in a research note on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $131.20.
View Our Latest Stock Report on AAR
About AAR
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.
Further Reading
- Five stocks we like better than AAR
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
- The 127-Gigawatt Problem: Why AI Needs Its Own Power
Want to see what other hedge funds are holding AIR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AAR Corp. (NYSE:AIR – Free Report).
Receive News & Ratings for AAR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AAR and related companies with MarketBeat.com's FREE daily email newsletter.
