63,217 Shares in AAR Corp. $AIR Bought by De Lisle Partners LLP

De Lisle Partners LLP purchased a new position in AAR Corp. (NYSE:AIRFree 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.

AAR (NYSE:AIRGet Free Report) last released its earnings results on Tuesday, March 24th. The aerospace company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.04. AAR had a return on equity of 12.39% and a net margin of 5.46%.The firm had revenue of $845.10 million during the quarter, compared to the consensus estimate of $812.58 million. During the same quarter in the previous year, the company posted $0.99 earnings per share. The company’s revenue was up 24.6% compared to the same quarter last year. As a group, equities analysts expect that AAR Corp. will post 4.97 EPS for the current fiscal year.

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

(Free Report)

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

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Institutional Ownership by Quarter for AAR (NYSE:AIR)

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