Mengis Capital Management Inc. Increases Stock Position in AAR Corp. (NYSE:AIR)

Mengis Capital Management Inc. increased its position in AAR Corp. (NYSE:AIR) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,465 shares of the aerospace company’s stock after purchasing an additional 325 shares during the quarter. Mengis Capital Management Inc.’s holdings in AAR were worth $641,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. National Bank of Canada FI acquired a new stake in AAR in the third quarter valued at $25,000. Venturi Wealth Management LLC raised its holdings in AAR by 1,965.6% in the fourth quarter. Venturi Wealth Management LLC now owns 1,322 shares of the aerospace company’s stock valued at $81,000 after acquiring an additional 1,258 shares in the last quarter. Toth Financial Advisory Corp raised 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 acquiring an additional 800 shares in the last quarter. KBC Group NV raised its holdings in AAR by 32.9% in the third quarter. KBC Group NV now owns 1,324 shares of the aerospace company’s stock valued at $87,000 after acquiring an additional 328 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its holdings in AAR by 52.1% in the fourth 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 in the last quarter. 90.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at AAR

In other news, CEO John Mcclain Holmes III sold 5,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $70.81, for a total transaction of $354,050.00. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Sean M. Gillen sold 17,385 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $66.33, for a total transaction of $1,153,147.05. Following the transaction, the chief financial officer now owns 72,326 shares of the company’s stock, valued at approximately $4,797,383.58. This trade represents a 19.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 185,793 shares of company stock worth $12,538,396 in the last 90 days. Corporate insiders own 4.10% of the company’s stock.

AAR Stock Up 0.6 %

AIR stock opened at $62.23 on Tuesday. 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 fifty-two week low of $54.71 and a fifty-two week high of $76.34. The firm’s 50-day simple moving average is $65.70 and its 200 day simple moving average is $65.12. The stock has a market cap of $2.24 billion, a PE ratio of 222.26 and a beta of 1.61.

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in 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 cut shares of AAR from a “hold” rating to a “sell” rating in a report on Wednesday, February 5th. Finally, KeyCorp started coverage on shares of AAR in a report on Thursday, January 16th. They set an “overweight” rating and a $83.00 target price on the stock. One 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, AAR currently has a consensus rating of “Moderate Buy” and an average target price of $81.50.

About AAR

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.