Marsico Capital Management LLC Lowers Position in AAR Corp. $AIR

Marsico Capital Management LLC lessened its position in AAR Corp. (NYSE:AIR) by 24.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 180,458 shares of the aerospace company’s stock after selling 57,382 shares during the quarter. Marsico Capital Management LLC owned approximately 0.46% of AAR worth $14,940,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Osterweis Capital Management Inc. purchased a new position in AAR during the second quarter valued at $26,000. Morse Asset Management Inc bought a new stake in shares of AAR in the third quarter worth $27,000. NBC Securities Inc. bought a new stake in shares of AAR in the fourth quarter worth $28,000. Danske Bank A S bought a new stake in shares of AAR in the fourth quarter worth $28,000. Finally, Optiver Holding B.V. bought a new stake in shares of AAR in the third quarter worth $31,000. Hedge funds and other institutional investors own 90.74% of the company’s stock.

AAR Trading Up 8.5%

Shares of NYSE AIR opened at $127.35 on Friday. AAR Corp. has a fifty-two week low of $66.68 and a fifty-two week high of $127.39. The company has a market cap of $5.06 billion, a price-to-earnings ratio of 28.24 and a beta of 1.13. The business’s 50 day moving average price is $113.90 and its 200-day moving average price is $104.83. 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 announced its quarterly earnings data on Tuesday, March 24th. The aerospace company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.04. AAR had a return on equity of 12.39% and a net margin of 5.46%.The company had revenue of $845.10 million for the quarter, compared to analysts’ expectations of $812.58 million. During the same quarter in the prior year, the firm earned $0.99 earnings per share. AAR’s revenue was up 24.6% compared to the same quarter last year. On average, sell-side analysts expect that AAR Corp. will post 4.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AIR. Wall Street Zen raised AAR from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th. Zacks Research downgraded AAR from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Jefferies Financial Group upped their price objective on AAR to $150.00 and gave the company a “buy” rating in a research report on Tuesday, March 24th. Truist Financial upgraded AAR to a “strong-buy” rating in a research report on Friday, May 1st. Finally, KeyCorp increased their price target on AAR from $120.00 to $132.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.20.

Insider Transactions at AAR

In other AAR news, CEO John Mcclain Holmes III sold 26,175 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $25,292,886.40. This trade represents a 10.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.60% of the company’s stock.

AAR Profile

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.