Wisconsin Capital Management LLC Acquires 23,262 Shares of AAR Corp. $AIR

Wisconsin Capital Management LLC raised its stake in AAR Corp. (NYSE:AIR) by 53.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 66,821 shares of the aerospace company’s stock after buying an additional 23,262 shares during the period. AAR comprises 3.1% of Wisconsin Capital Management LLC’s holdings, making the stock its 11th largest position. Wisconsin Capital Management LLC’s holdings in AAR were worth $5,992,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp increased its stake in shares of AAR by 10.9% in the 2nd quarter. State Street Corp now owns 1,917,821 shares of the aerospace company’s stock valued at $131,927,000 after acquiring an additional 188,406 shares during the last quarter. Principal Financial Group Inc. boosted its stake in AAR by 35.2% during the 3rd quarter. Principal Financial Group Inc. now owns 640,707 shares of the aerospace company’s stock worth $57,452,000 after acquiring an additional 166,903 shares during the last quarter. Intech Investment Management LLC grew its holdings in AAR by 480.4% during the third quarter. Intech Investment Management LLC now owns 155,987 shares of the aerospace company’s stock valued at $13,987,000 after purchasing an additional 129,113 shares during the period. Marsico Capital Management LLC acquired a new position in AAR during the second quarter valued at approximately $4,801,000. Finally, PDT Partners LLC increased its stake in AAR by 758.4% in the second quarter. PDT Partners LLC now owns 66,094 shares of the aerospace company’s stock valued at $4,547,000 after purchasing an additional 58,394 shares in the last quarter. Institutional investors own 90.74% of the company’s stock.

Insider Activity

In related news, CFO Sarah Louise Flanagan sold 10,750 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $108.56, for a total transaction of $1,167,020.00. Following the completion of the sale, the chief financial officer owned 32,848 shares of the company’s stock, valued at $3,565,978.88. This represents a 24.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Christopher A. Jessup sold 23,621 shares of the stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $97.05, for a total transaction of $2,292,418.05. Following the sale, the senior vice president owned 65,769 shares in the company, valued at $6,382,881.45. The trade was a 26.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 128,984 shares of company stock worth $12,517,090. 3.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

AIR has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of AAR from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. The Goldman Sachs Group began coverage on shares of AAR in a research note on Monday, January 26th. They set a “neutral” rating and a $121.00 price objective for the company. Royal Bank Of Canada upped their target price on shares of AAR from $90.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, January 7th. Truist Financial set a $107.00 price target on AAR in a report on Friday, January 9th. Finally, KeyCorp upped their target price on AAR from $93.00 to $109.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, AAR has an average rating of “Moderate Buy” and an average price target of $115.40.

AAR Price Performance

AAR stock opened at $116.99 on Wednesday. The firm has a market cap of $4.63 billion, a PE ratio of 45.88 and a beta of 1.19. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.84 and a quick ratio of 1.31. The stock’s fifty day moving average price is $104.19 and its two-hundred day moving average price is $88.92. AAR Corp. has a one year low of $46.51 and a one year high of $121.64.

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 analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $795.30 million during the quarter, compared to the consensus estimate of $760.95 million. AAR had a return on equity of 12.40% and a net margin of 3.17%.The company’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.90 EPS. As a group, research analysts expect that AAR Corp. will post 3.77 EPS for the current fiscal year.

AAR Company 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.