Alberta Investment Management Corp Trims Holdings in AAR Corp. (NYSE:AIR)

Alberta Investment Management Corp decreased its holdings in shares of AAR Corp. (NYSE:AIR) by 40.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,580 shares of the aerospace company’s stock after selling 23,470 shares during the quarter. Alberta Investment Management Corp’s holdings in AAR were worth $2,119,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. National Bank of Canada FI purchased a new stake in shares of AAR during the 3rd quarter worth about $25,000. Venturi Wealth Management LLC grew its position in shares of AAR by 1,965.6% during the fourth quarter. Venturi Wealth Management LLC now owns 1,322 shares of the aerospace company’s stock worth $81,000 after buying an additional 1,258 shares in the last quarter. KBC Group NV increased its position 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 during the last quarter. Toth Financial Advisory Corp increased its holdings in AAR by 133.3% in the fourth quarter. Toth Financial Advisory Corp now owns 1,400 shares of the aerospace company’s stock valued at $86,000 after buying an additional 800 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of AAR by 52.1% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,711 shares of the aerospace company’s stock valued at $166,000 after acquiring an additional 929 shares during the last quarter. Hedge funds and other institutional investors own 90.74% of the company’s stock.

Insider Buying and Selling at AAR

In other AAR news, CEO John Mcclain Holmes III sold 5,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 341,680 shares of the company’s stock, valued at $24,194,360.80. The trade was a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Jessica A. Garascia sold 1,500 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $66.90, for a total value of $100,350.00. Following the transaction, the chief accounting officer now directly owns 37,565 shares in the company, valued at approximately $2,513,098.50. This represents a 3.84 % decrease in their position. 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 Stock Performance

Shares of NYSE AIR opened at $61.84 on Friday. The company has a quick ratio of 1.27, a current ratio of 2.68 and a debt-to-equity ratio of 0.84. AAR Corp. has a 52-week low of $54.71 and a 52-week high of $76.34. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 220.85 and a beta of 1.61. The stock’s fifty day simple moving average is $65.73 and its 200 day simple moving average is $65.02.

AAR (NYSE:AIR) last posted its quarterly earnings data on Tuesday, January 7th. The aerospace company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.07. AAR had a net margin of 0.41% and a return on equity of 10.46%. The firm had revenue of $686.10 million during the quarter, compared to analyst estimates of $654.47 million. During the same quarter last year, the business posted $0.81 EPS. The company’s revenue was up 25.8% on a year-over-year basis. As a group, sell-side analysts forecast that AAR Corp. will post 3.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AIR has been the topic of several research reports. StockNews.com lowered shares of AAR from a “hold” rating to a “sell” rating in a research note on Wednesday, February 5th. KeyCorp began coverage on shares of AAR in a research note on Thursday, January 16th. They set an “overweight” rating and a $83.00 price objective on the stock. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $75.00 target price on shares of AAR in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus 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.