Segall Bryant & Hamill LLC Reduces Position in AAR Corp. (NYSE:AIR)

Segall Bryant & Hamill LLC decreased its position in AAR Corp. (NYSE:AIR) by 3.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 274,204 shares of the aerospace company’s stock after selling 10,192 shares during the period. Segall Bryant & Hamill LLC’s holdings in AAR were worth $16,803,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of AAR by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 3,840,885 shares of the aerospace company’s stock worth $235,369,000 after purchasing an additional 58,694 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of AAR by 13.4% in the 3rd quarter. Franklin Resources Inc. now owns 969,741 shares of the aerospace company’s stock valued at $59,591,000 after acquiring an additional 114,460 shares during the last quarter. American Century Companies Inc. increased its stake in shares of AAR by 2.4% in the fourth quarter. American Century Companies Inc. now owns 893,822 shares of the aerospace company’s stock worth $54,773,000 after acquiring an additional 20,794 shares during the period. Geode Capital Management LLC raised its holdings in shares of AAR by 3.6% during the third quarter. Geode Capital Management LLC now owns 796,962 shares of the aerospace company’s stock worth $52,101,000 after purchasing an additional 27,747 shares during the last quarter. Finally, Loomis Sayles & Co. L P lifted its position in AAR by 20.5% during the third quarter. Loomis Sayles & Co. L P now owns 790,267 shares of the aerospace company’s stock valued at $51,652,000 after purchasing an additional 134,215 shares during the period. Institutional investors and hedge funds own 90.74% of the company’s stock.

Insider Buying and Selling at AAR

In other news, CEO John Mcclain Holmes III sold 128,427 shares of AAR stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $66.76, for a total transaction of $8,573,786.52. Following the sale, the chief executive officer now owns 346,680 shares of the company’s stock, valued at approximately $23,144,356.80. The trade was a 27.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jessica A. Garascia sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $66.90, for a total value of $100,350.00. Following the completion of the transaction, the chief accounting officer now owns 37,565 shares in the company, valued at $2,513,098.50. This represents a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders 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 corporate insiders.

AAR Price Performance

AAR stock opened at $69.75 on Wednesday. The company has a fifty day simple moving average of $66.99 and a 200-day simple moving average of $65.44. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 249.12 and a beta of 1.58. 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.

AAR (NYSE:AIR) last announced its quarterly earnings data on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.07. The company had revenue of $686.10 million during the quarter, compared to analysts’ expectations 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 company earned $0.81 EPS. On average, equities analysts anticipate that AAR Corp. will post 3.77 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. StockNews.com downgraded AAR from a “hold” rating to a “sell” rating in a research report 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 target price on the stock. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, AAR presently 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.