AAR Corp. (NYSE:AIR) Shares Bought by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC lifted its stake in AAR Corp. (NYSE:AIR) by 124.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,012 shares of the aerospace company’s stock after acquiring an additional 561 shares during the period. Smartleaf Asset Management LLC’s holdings in AAR were worth $62,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. National Bank of Canada FI bought a new stake in AAR in the third quarter worth about $25,000. Venturi Wealth Management LLC grew its stake in shares of AAR by 1,965.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,322 shares of the aerospace company’s stock worth $81,000 after purchasing an additional 1,258 shares during the last quarter. KBC Group NV raised its holdings in shares of AAR by 32.9% in the 3rd quarter. KBC Group NV now owns 1,324 shares of the aerospace company’s stock worth $87,000 after purchasing an additional 328 shares in the last quarter. Toth Financial Advisory Corp lifted its stake in AAR by 133.3% during the fourth quarter. Toth Financial Advisory Corp now owns 1,400 shares of the aerospace company’s stock valued at $86,000 after purchasing an additional 800 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its holdings 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 buying an additional 929 shares in the last quarter. 90.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. KeyCorp started coverage on AAR in a research report on Thursday, January 16th. They set an “overweight” rating and a $83.00 price objective for the company. StockNews.com downgraded AAR from a “hold” rating to a “sell” rating in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $81.50.

Insider Buying and Selling at AAR

In other news, CEO John Mcclain Holmes III sold 5,000 shares of the business’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $70.81, for a total transaction of $354,050.00. Following the transaction, the chief executive officer now directly owns 341,680 shares in the company, valued at $24,194,360.80. The trade was a 1.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Jessica A. Garascia sold 1,500 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $66.90, for a total transaction of $100,350.00. Following the completion of 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 disclosure for this sale can be found here. Insiders have sold a total of 185,793 shares of company stock valued at $12,538,396 in the last 90 days. 4.10% of the stock is currently owned by corporate insiders.

AAR Trading Down 0.4 %

NYSE AIR opened at $64.28 on Tuesday. The firm’s 50 day moving average price is $66.25 and its two-hundred day moving average price is $65.24. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.27 and a current ratio of 2.68. AAR Corp. has a twelve month low of $54.71 and a twelve month high of $76.34. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 229.58 and a beta of 1.58.

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

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.