AAR Corp. (NYSE:AIR) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its stake in shares of AAR Corp. (NYSE:AIR) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,371 shares of the aerospace company’s stock after selling 207 shares during the quarter. Yousif Capital Management LLC’s holdings in AAR were worth $819,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in AAR by 18.5% during the 3rd quarter. Principal Financial Group Inc. now owns 500,200 shares of the aerospace company’s stock worth $32,693,000 after acquiring an additional 77,974 shares during the period. JPMorgan Chase & Co. grew its stake in shares of AAR by 9.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 40,737 shares of the aerospace company’s stock worth $2,663,000 after purchasing an additional 3,612 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of AAR in the 4th quarter worth approximately $1,539,000. Shelton Wealth Management LLC acquired a new stake in AAR during the fourth quarter valued at approximately $1,068,000. Finally, Barclays PLC boosted its holdings in AAR by 269.4% during the third quarter. Barclays PLC now owns 66,223 shares of the aerospace company’s stock worth $4,328,000 after buying an additional 48,298 shares in the last quarter. 90.74% of the stock is currently owned by institutional investors.

AAR Stock Performance

Shares of AIR stock opened at $64.84 on Friday. The stock’s fifty day simple moving average is $65.87 and its 200-day simple moving average is $64.95. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 231.58 and a beta of 1.61. The company has a current ratio of 2.68, a quick ratio of 1.27 and a debt-to-equity ratio of 0.84. AAR Corp. has a 1-year low of $54.71 and a 1-year high of $76.34.

AAR (NYSE:AIR) last released its earnings results on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.07. The company had revenue of $686.10 million for the quarter, compared to analysts’ expectations of $654.47 million. AAR had a return on equity of 10.46% and a net margin of 0.41%. The business’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.81 EPS. On average, sell-side analysts predict that AAR Corp. will post 3.77 earnings per share for the current fiscal year.

Insider Activity at AAR

In other AAR news, CAO Jessica A. Garascia sold 1,500 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $66.90, for a total transaction of $100,350.00. Following the transaction, the chief accounting officer now directly owns 37,565 shares in the company, valued at $2,513,098.50. This trade represents a 3.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John Mcclain Holmes III sold 128,427 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $66.76, for a total value of $8,573,786.52. Following the sale, the chief executive officer now owns 346,680 shares of the company’s stock, valued at approximately $23,144,356.80. This trade represents a 27.03 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 185,793 shares of company stock valued at $12,538,396. 4.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on AIR shares. StockNews.com downgraded AAR from a “hold” rating to a “sell” rating in a research report on Wednesday, February 5th. KeyCorp began coverage on AAR in a research note on Thursday, January 16th. They issued an “overweight” rating and a $83.00 price target on the stock. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 price objective on shares of AAR in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, AAR presently has an average rating of “Moderate Buy” and a consensus target price of $81.50.

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.