Loomis Sayles & Co. L P Raises Position in AAR Corp. (NYSE:AIR)

Loomis Sayles & Co. L P grew its holdings in shares of AAR Corp. (NYSE:AIR) by 0.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 791,314 shares of the aerospace company’s stock after acquiring an additional 1,047 shares during the period. Loomis Sayles & Co. L P owned about 2.20% of AAR worth $48,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of AIR. JPMorgan Chase & Co. increased its position in AAR by 9.7% in the third quarter. JPMorgan Chase & Co. now owns 40,737 shares of the aerospace company’s stock worth $2,663,000 after buying an additional 3,612 shares in the last quarter. SG Americas Securities LLC purchased a new stake in AAR in the 4th quarter worth approximately $1,539,000. Charles Schwab Investment Management Inc. increased its holdings in AAR by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 538,125 shares of the aerospace company’s stock worth $32,976,000 after acquiring an additional 19,863 shares in the last quarter. Shelton Wealth Management LLC bought a new stake in AAR during the 4th quarter worth approximately $1,068,000. Finally, Barclays PLC lifted its holdings in AAR by 269.4% during the third quarter. Barclays PLC now owns 66,223 shares of the aerospace company’s stock valued at $4,328,000 after purchasing an additional 48,298 shares in the last quarter. 90.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO John Mcclain Holmes III sold 5,000 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $70.81, for a total transaction of $354,050.00. Following the sale, the chief executive officer now owns 341,680 shares of the company’s stock, valued at $24,194,360.80. This represents a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Christopher A. Jessup sold 33,481 shares of AAR stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $70.40, for a total transaction of $2,357,062.40. Following the completion of the transaction, the senior vice president now directly owns 63,209 shares of the company’s stock, valued at $4,449,913.60. The trade was a 34.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 185,793 shares of company stock worth $12,538,396. Corporate insiders own 4.10% of the company’s stock.

AAR Trading Down 2.1 %

AAR stock opened at $68.24 on Friday. AAR Corp. has a 1 year low of $54.71 and a 1 year high of $76.34. The firm’s 50 day moving average price is $66.95 and its 200-day moving average price is $65.49. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.68 and a quick ratio of 1.27. The stock has a market cap of $2.45 billion, a P/E ratio of 243.73 and a beta of 1.58.

AAR (NYSE:AIR) last announced its quarterly earnings results on Thursday, March 27th. The aerospace company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.96 by $0.03. The business had revenue of $678.20 million for the quarter, compared to analysts’ expectations of $699.13 million. AAR had a net margin of 0.41% and a return on equity of 10.46%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.85 EPS. On average, equities analysts predict that AAR Corp. will post 3.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. 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 objective on the stock. StockNews.com cut 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 given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.