Inspire Investing LLC Has $387,000 Holdings in AAR Corp. $AIR

Inspire Investing LLC cut its holdings in AAR Corp. (NYSE:AIR) by 7.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,620 shares of the aerospace company’s stock after selling 466 shares during the quarter. Inspire Investing LLC’s holdings in AAR were worth $387,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AIR. Westwood Holdings Group Inc. lifted its stake in AAR by 10.3% in the first quarter. Westwood Holdings Group Inc. now owns 1,589,320 shares of the aerospace company’s stock valued at $88,986,000 after buying an additional 148,166 shares during the period. Fred Alger Management LLC raised its position in shares of AAR by 32.6% during the first quarter. Fred Alger Management LLC now owns 533,770 shares of the aerospace company’s stock worth $29,886,000 after purchasing an additional 131,092 shares during the period. Nuveen LLC acquired a new position in shares of AAR during the first quarter worth approximately $6,226,000. Invesco Ltd. raised its position in shares of AAR by 8.4% during the first quarter. Invesco Ltd. now owns 1,160,420 shares of the aerospace company’s stock worth $64,972,000 after purchasing an additional 89,802 shares during the period. Finally, Algert Global LLC raised its position in shares of AAR by 100.7% during the first quarter. Algert Global LLC now owns 123,170 shares of the aerospace company’s stock worth $6,896,000 after purchasing an additional 61,794 shares during the period. 90.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. KeyCorp upped their target price on AAR from $86.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. Truist Financial upped their target price on AAR from $81.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Wall Street Zen raised AAR from a “hold” rating to a “buy” rating in a research report on Sunday, September 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AAR in a research report on Wednesday, October 8th. Finally, Zacks Research raised AAR from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $89.33.

AAR Trading Up 0.0%

Shares of AAR stock opened at $82.80 on Friday. The stock has a fifty day simple moving average of $78.20 and a 200 day simple moving average of $69.06. AAR Corp. has a 12-month low of $46.51 and a 12-month high of $89.69. The company has a market capitalization of $3.24 billion, a P/E ratio of 106.16 and a beta of 1.52. The company has a current ratio of 2.91, a quick ratio of 1.31 and a debt-to-equity ratio of 0.82.

AAR (NYSE:AIR) last announced its quarterly earnings results on Wednesday, May 28th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter. AAR had a return on equity of 12.29% and a net margin of 1.01%.The business had revenue of $553.30 million during the quarter. On average, sell-side analysts anticipate that AAR Corp. will post 3.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Sean M. Gillen sold 18,000 shares of the company’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $77.37, for a total transaction of $1,392,660.00. Following the completion of the sale, the chief financial officer owned 99,868 shares in the company, valued at approximately $7,726,787.16. This represents a 15.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO John Mcclain Holmes III sold 10,000 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $71.70, for a total value of $717,000.00. Following the sale, the chief executive officer owned 298,603 shares of the company’s stock, valued at $21,409,835.10. This trade represents a 3.24% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 95,182 shares of company stock worth $7,331,452. 3.60% of the stock is owned by corporate insiders.

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.