AAR Corp. (NYSE:AIR) Shares Sold by Phocas Financial Corp.

Phocas Financial Corp. decreased its position in shares of AAR Corp. (NYSE:AIR) by 85.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 20,289 shares of the aerospace company’s stock after selling 115,520 shares during the period. Phocas Financial Corp. owned 0.06% of AAR worth $1,243,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Amalgamated Bank boosted its holdings in shares of AAR by 1.7% in the 3rd quarter. Amalgamated Bank now owns 10,319 shares of the aerospace company’s stock valued at $674,000 after purchasing an additional 177 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of AAR by 5.3% during 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 during the period. Inspire Investing LLC increased its position in AAR by 3.3% during the 4th quarter. Inspire Investing LLC now owns 6,505 shares of the aerospace company’s stock worth $399,000 after purchasing an additional 205 shares in the last quarter. HighTower Advisors LLC raised its holdings in AAR by 6.1% in the third quarter. HighTower Advisors LLC now owns 3,818 shares of the aerospace company’s stock valued at $249,000 after buying an additional 220 shares during the period. Finally, Sheets Smith Wealth Management increased its holdings in AAR by 3.2% in the 4th quarter. Sheets Smith Wealth Management now owns 7,015 shares of the aerospace company’s stock valued at $430,000 after purchasing an additional 220 shares in the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.

AAR Stock Performance

AIR stock opened at $63.33 on Wednesday. AAR Corp. has a 1 year low of $54.71 and a 1 year high of $76.34. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 226.19 and a beta of 1.61. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.27 and a current ratio of 2.68. The stock’s fifty day moving average is $65.71 and its two-hundred day moving average is $65.15.

AAR (NYSE:AIR) last posted 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% on a year-over-year basis. During the same period in the previous year, the business posted $0.81 EPS. On average, research analysts predict that AAR Corp. will post 3.77 EPS for the current year.

Insider Activity at AAR

In other AAR news, CFO Sean M. Gillen sold 17,385 shares of AAR stock in a transaction that occurred on 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 transaction, the chief financial officer now 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO John Mcclain Holmes III sold 5,000 shares of AAR stock in a transaction that occurred on 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 in the company, valued at approximately $24,194,360.80. The trade was a 1.44 % 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 worth $12,538,396 in the last three months. 4.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AIR shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 price target on shares of AAR in a research note on Monday, November 4th. KeyCorp began coverage on shares of AAR in a research report on Thursday, January 16th. They set an “overweight” rating and a $83.00 price target on the stock. Finally, StockNews.com lowered AAR from a “hold” rating to a “sell” rating in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.