Boston Partners Boosts Holdings in AAR Corp. (NYSE:AIR)

Boston Partners grew its position in AAR Corp. (NYSE:AIR) by 19.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,938 shares of the aerospace company’s stock after purchasing an additional 8,641 shares during the quarter. Boston Partners owned about 0.15% of AAR worth $3,305,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Captrust Financial Advisors boosted its position in shares of AAR by 5.3% in the 3rd quarter. Captrust Financial Advisors now owns 3,537 shares of the aerospace company’s stock worth $231,000 after purchasing an additional 177 shares in the last quarter. Inspire Investing LLC increased its holdings in shares of 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 acquiring an additional 205 shares in the last quarter. Arizona State Retirement System raised its position in shares of AAR by 2.1% in the 4th quarter. Arizona State Retirement System now owns 10,420 shares of the aerospace company’s stock valued at $639,000 after purchasing an additional 219 shares during the last quarter. HighTower Advisors LLC boosted its stake in AAR by 6.1% in the 3rd quarter. HighTower Advisors LLC now owns 3,818 shares of the aerospace company’s stock worth $249,000 after purchasing an additional 220 shares in the last quarter. Finally, Sheets Smith Wealth Management grew its position in AAR by 3.2% during the 4th quarter. Sheets Smith Wealth Management now owns 7,015 shares of the aerospace company’s stock worth $430,000 after purchasing an additional 220 shares during the last quarter. 90.74% of the stock is owned by institutional investors and hedge funds.

AAR Stock Up 0.0 %

AIR stock opened at $67.83 on Friday. The company has a market capitalization of $2.44 billion, a P/E ratio of 242.26 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 firm’s fifty day simple moving average is $66.98 and its 200-day simple moving average is $65.37. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.68 and a quick ratio of 1.27.

AAR (NYSE:AIR) last announced its quarterly earnings results on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.07. The company 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%. The firm’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same period last year, the firm earned $0.81 EPS. As a group, equities research analysts forecast that AAR Corp. will post 3.77 earnings per share for the current year.

Insider Buying and Selling at AAR

In other AAR news, CEO John Mcclain Holmes III sold 5,000 shares of AAR stock in a transaction on 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 of the company’s stock, valued at approximately $24,194,360.80. The trade was a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sean M. Gillen sold 17,385 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $66.33, for a total transaction of $1,153,147.05. Following the sale, the chief financial officer now directly owns 72,326 shares in the company, valued at approximately $4,797,383.58. The trade was a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 185,793 shares of company stock valued at $12,538,396. 4.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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