SG Americas Securities LLC Purchases Shares of 25,120 AAR Corp. (NYSE:AIR)

SG Americas Securities LLC acquired a new position in shares of AAR Corp. (NYSE:AIR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 25,120 shares of the aerospace company’s stock, valued at approximately $1,539,000. SG Americas Securities LLC owned 0.07% of AAR as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Sheets Smith Wealth Management lifted its holdings in shares of AAR by 3.2% during the fourth quarter. Sheets Smith Wealth Management now owns 7,015 shares of the aerospace company’s stock worth $430,000 after buying an additional 220 shares in the last quarter. ZWJ Investment Counsel Inc. bought a new stake in AAR in the 4th quarter valued at about $203,000. Shelton Wealth Management LLC bought a new position in shares of AAR during the fourth quarter worth approximately $1,068,000. Hennion & Walsh Asset Management Inc. raised its position in shares of AAR by 37.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 13,625 shares of the aerospace company’s stock valued at $835,000 after buying an additional 3,737 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in AAR by 9.7% during the third quarter. JPMorgan Chase & Co. now owns 40,737 shares of the aerospace company’s stock worth $2,663,000 after buying an additional 3,612 shares in the last quarter. Institutional investors own 90.74% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on AIR shares. Royal Bank of Canada reissued an “outperform” rating and set a $75.00 target price on shares of AAR in a report on Monday, November 4th. StockNews.com raised shares of AAR from a “sell” rating to a “hold” rating in a report on Tuesday. KeyCorp started coverage on shares of AAR in a report on Thursday, January 16th. They set an “overweight” rating and a $83.00 price target for the company. Finally, Benchmark reiterated a “buy” rating and issued a $83.00 price target on shares of AAR in a research note on Friday, October 4th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $81.50.

AAR Price Performance

AIR stock opened at $68.88 on Tuesday. AAR Corp. has a 1 year low of $54.71 and a 1 year high of $76.34. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.68 and a quick ratio of 1.27. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 245.99 and a beta of 1.61. The company has a 50 day simple moving average of $66.18 and a 200 day simple moving average of $65.06.

AAR (NYSE:AIR) last announced its quarterly earnings results on Tuesday, January 7th. The aerospace company reported $0.90 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 analysts’ expectations of $654.47 million. AAR had a return on equity of 10.46% and a net margin of 0.41%. AAR’s revenue was up 25.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.81 EPS. Research analysts anticipate that AAR Corp. will post 3.77 EPS for the current fiscal year.

Insider Activity

In other news, SVP Christopher A. Jessup sold 33,481 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $70.40, for a total transaction of $2,357,062.40. Following the completion of the transaction, the senior vice president now owns 63,209 shares of the company’s stock, valued at approximately $4,449,913.60. This trade represents a 34.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John Mcclain Holmes III sold 5,000 shares of AAR stock in a transaction on Friday, January 17th. The stock was sold at an average price of $70.81, for a total transaction of $354,050.00. Following the transaction, the chief executive officer now owns 341,680 shares in the company, valued at approximately $24,194,360.80. This trade represents a 1.44 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, 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.

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.