AAR Corp. (NYSE:AIR) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in shares of AAR Corp. (NYSE:AIR) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 538,125 shares of the aerospace company’s stock after purchasing an additional 19,863 shares during the period. Charles Schwab Investment Management Inc. owned 1.50% of AAR worth $32,976,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AIR. Loomis Sayles & Co. L P increased its position in AAR by 20.5% during the 3rd quarter. Loomis Sayles & Co. L P now owns 790,267 shares of the aerospace company’s stock valued at $51,652,000 after buying an additional 134,215 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of AAR by 13.4% during the third quarter. Franklin Resources Inc. now owns 969,741 shares of the aerospace company’s stock valued at $59,591,000 after acquiring an additional 114,460 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of AAR by 18.5% in the 3rd quarter. Principal Financial Group Inc. now owns 500,200 shares of the aerospace company’s stock valued at $32,693,000 after purchasing an additional 77,974 shares during the last quarter. Barclays PLC boosted its stake in AAR by 269.4% in the 3rd quarter. Barclays PLC now owns 66,223 shares of the aerospace company’s stock worth $4,328,000 after purchasing an additional 48,298 shares in the last quarter. Finally, Canal Insurance CO boosted its stake in AAR by 124.3% in the 4th quarter. Canal Insurance CO now owns 72,000 shares of the aerospace company’s stock worth $4,412,000 after purchasing an additional 39,900 shares in the last quarter. Hedge funds and other institutional investors own 90.74% of the company’s stock.

Analyst Ratings Changes

AIR has been the subject of a number of research analyst reports. KeyCorp started coverage on shares of AAR in a report on Thursday, January 16th. They issued an “overweight” rating and a $83.00 price target for the company. StockNews.com lowered AAR from a “hold” rating to a “sell” rating in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $81.50.

AAR Stock Performance

Shares of NYSE AIR opened at $67.18 on Monday. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 239.95 and a beta of 1.58. AAR Corp. has a 12 month low of $54.71 and a 12 month high of $76.34. The company has a 50 day simple moving average of $66.69 and a two-hundred day simple moving average of $65.29. 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 (NYSE:AIR) last posted its earnings results on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.07. The company had revenue of $686.10 million during the quarter, compared to the consensus estimate of $654.47 million. AAR had a net margin of 0.41% and a return on equity of 10.46%. The firm’s quarterly revenue was up 25.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.81 earnings per share. As a group, analysts predict that AAR Corp. will post 3.77 earnings per share for the current year.

Insider Transactions at AAR

In other AAR news, CEO John Mcclain Holmes III sold 5,000 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $70.81, for a total value of $354,050.00. Following the completion of the transaction, the chief executive officer now owns 341,680 shares in the company, valued at approximately $24,194,360.80. This represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Jessica A. Garascia sold 1,500 shares of the 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 sale, the chief accounting officer now directly owns 37,565 shares in the company, valued at approximately $2,513,098.50. The trade was a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 185,793 shares of company stock worth $12,538,396 over the last quarter. 4.10% of the stock is currently owned by 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.