Caprock Group LLC Invests $208,000 in AAR Corp. (NYSE:AIR)

Caprock Group LLC acquired a new stake in AAR Corp. (NYSE:AIR) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 3,395 shares of the aerospace company’s stock, valued at approximately $208,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Canal Insurance CO increased its position in AAR by 124.3% during the fourth quarter. Canal Insurance CO now owns 72,000 shares of the aerospace company’s stock worth $4,412,000 after buying an additional 39,900 shares during the last quarter. KBC Group NV raised its stake in shares of AAR by 42.5% in the 4th quarter. KBC Group NV now owns 1,887 shares of the aerospace company’s stock valued at $116,000 after acquiring an additional 563 shares in the last quarter. Toth Financial Advisory Corp lifted its holdings in AAR by 133.3% in the 4th quarter. Toth Financial Advisory Corp now owns 1,400 shares of the aerospace company’s stock worth $86,000 after purchasing an additional 800 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in AAR by 52.1% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,711 shares of the aerospace company’s stock worth $166,000 after purchasing an additional 929 shares during the period. Finally, Inspire Investing LLC grew its holdings in AAR by 3.3% during the fourth quarter. Inspire Investing LLC now owns 6,505 shares of the aerospace company’s stock valued at $399,000 after purchasing an additional 205 shares during the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.

Insider Buying and Selling at AAR

In related news, CFO Sean M. Gillen sold 17,385 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $66.33, for a total value of $1,153,147.05. Following the sale, the chief financial officer now owns 72,326 shares of the company’s stock, valued at $4,797,383.58. The trade was a 19.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO John Mcclain Holmes III sold 5,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $24,194,360.80. This represents a 1.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 185,793 shares of company stock valued at $12,538,396 in the last quarter. Corporate insiders own 4.10% of the company’s stock.

AAR Trading Down 1.1 %

Shares of AIR stock opened at $67.27 on Friday. The firm has a market capitalization of $2.42 billion, a P/E ratio of 240.26 and a beta of 1.61. AAR Corp. has a 1 year low of $54.71 and a 1 year high of $76.34. The firm’s fifty day simple moving average is $66.07 and its 200 day simple moving average is $64.91. 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 quarterly earnings data on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.07. AAR had a net margin of 0.41% and a return on equity of 10.46%. The company had revenue of $686.10 million for the quarter, compared to the consensus estimate of $654.47 million. During the same quarter in the previous year, the firm posted $0.81 EPS. The business’s revenue was up 25.8% compared to the same quarter last year. As a group, sell-side analysts predict that AAR Corp. will post 3.77 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $75.00 price objective on shares of AAR in a research note on Monday, November 4th. KeyCorp assumed coverage on shares of AAR in a research report on Thursday, January 16th. They set an “overweight” rating and a $83.00 target price for the company. Finally, StockNews.com downgraded AAR from a “hold” rating to a “sell” rating in a research report on Wednesday. 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. According to data from MarketBeat.com, AAR 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.