Segall Bryant & Hamill LLC Decreases Holdings in AAR Corp. $AIR

Segall Bryant & Hamill LLC cut its stake in AAR Corp. (NYSE:AIR) by 16.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 231,908 shares of the aerospace company’s stock after selling 45,806 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.59% of AAR worth $20,795,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Osterweis Capital Management Inc. acquired a new stake in shares of AAR in the second quarter valued at about $26,000. Salomon & Ludwin LLC acquired a new position in AAR in the 3rd quarter worth $30,000. Optiver Holding B.V. purchased a new position in AAR in the 3rd quarter valued at about $31,000. Westfuller Advisors LLC acquired a new stake in shares of AAR during the third quarter valued at about $39,000. Finally, Concord Wealth Partners acquired a new stake in shares of AAR during the third quarter valued at about $51,000. Institutional investors and hedge funds own 90.74% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on AIR shares. Jefferies Financial Group increased their price target on AAR to $135.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Truist Financial set a $107.00 target price on AAR in a research note on Friday, January 9th. Royal Bank Of Canada lifted their price target on shares of AAR from $90.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. Zacks Research upgraded shares of AAR from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. Finally, KeyCorp raised their price objective on shares of AAR from $93.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, AAR has an average rating of “Moderate Buy” and an average target price of $115.40.

AAR Stock Performance

AIR stock opened at $116.99 on Wednesday. The stock’s 50 day simple moving average is $104.19 and its 200 day simple moving average is $88.92. AAR Corp. has a 12-month low of $46.51 and a 12-month high of $121.64. The firm has a market cap of $4.63 billion, a P/E ratio of 45.88 and a beta of 1.19. The company has a current ratio of 2.84, a quick ratio of 1.31 and a debt-to-equity ratio of 0.61.

AAR (NYSE:AIR) last released its earnings results on Tuesday, January 6th. The aerospace company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.16. The firm had revenue of $795.30 million during the quarter, compared to analyst estimates of $760.95 million. AAR had a net margin of 3.17% and a return on equity of 12.40%. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 earnings per share. As a group, equities research analysts predict that AAR Corp. will post 3.77 EPS for the current year.

Insider Buying and Selling at AAR

In other news, CAO Jessica A. Garascia sold 4,787 shares of the company’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $95.25, for a total transaction of $455,961.75. Following the completion of the transaction, the chief accounting officer directly owned 29,557 shares of the company’s stock, valued at approximately $2,815,304.25. This represents a 13.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John Mcclain Holmes III sold 10,000 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $108.44, for a total value of $1,084,400.00. Following the sale, the chief executive officer owned 237,064 shares in the company, valued at $25,707,220.16. The trade was a 4.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 128,984 shares of company stock worth $12,517,090 in the last quarter. 3.60% of the stock is currently owned by corporate insiders.

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.