Geode Capital Management LLC Raises Stock Holdings in AAR Corp. $AIR

Geode Capital Management LLC raised its position in shares of AAR Corp. (NYSE:AIR) by 9.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 920,743 shares of the aerospace company’s stock after purchasing an additional 78,810 shares during the period. Geode Capital Management LLC owned 2.33% of AAR worth $76,239,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Osterweis Capital Management Inc. bought a new position in AAR during the second quarter valued at $26,000. Morse Asset Management Inc bought a new position in AAR during the third quarter valued at $27,000. NBC Securities Inc. bought a new position in AAR during the fourth quarter valued at $28,000. Danske Bank A S bought a new position in AAR during the fourth quarter valued at $28,000. Finally, Optiver Holding B.V. bought a new position in AAR during the third quarter valued at $31,000. 90.74% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other AAR news, CEO John Mcclain Holmes III sold 26,175 shares of the firm’s stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $107.60, for a total transaction of $2,816,430.00. Following the sale, the chief executive officer owned 235,064 shares in the company, valued at $25,292,886.40. This trade represents a 10.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.60% of the stock is owned by insiders.

AAR Price Performance

NYSE:AIR opened at $114.81 on Tuesday. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 25.46 and a beta of 1.13. AAR Corp. has a 52-week low of $66.68 and a 52-week high of $127.21. The stock has a fifty day moving average of $113.00 and a 200 day moving average of $103.90. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.23 and a current ratio of 2.70.

AAR (NYSE:AIR) last released its quarterly earnings results on Tuesday, March 24th. The aerospace company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.04. AAR had a return on equity of 12.39% and a net margin of 5.46%.The business had revenue of $845.10 million for the quarter, compared to the consensus estimate of $812.58 million. During the same quarter last year, the business posted $0.99 earnings per share. The company’s revenue for the quarter was up 24.6% on a year-over-year basis. On average, research analysts expect that AAR Corp. will post 4.97 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on AIR shares. KeyCorp increased their price objective on AAR from $120.00 to $132.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Wall Street Zen raised AAR from a “buy” rating to a “strong-buy” rating in a report on Saturday. Weiss Ratings lowered AAR from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Jefferies Financial Group raised their price target on AAR to $150.00 and gave the stock a “buy” rating in a report on Tuesday, March 24th. Finally, Zacks Research lowered AAR from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.20.

About AAR

AAR Corp. (NYSE: AIR) is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.

In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.