Dynamic Technology Lab Private Ltd Takes Position in AAR Corp. $AIR

Dynamic Technology Lab Private Ltd bought a new stake in shares of AAR Corp. (NYSE:AIR) during the 4th quarter, HoldingsChannel.com reports. The firm bought 13,220 shares of the aerospace company’s stock, valued at approximately $1,094,000.

Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of AAR by 61.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 91,520 shares of the aerospace company’s stock valued at $8,207,000 after acquiring an additional 34,689 shares in the last quarter. Prescott Group Capital Management L.L.C. acquired a new stake in shares of AAR during the 3rd quarter valued at about $1,793,000. Intech Investment Management LLC boosted its position in shares of AAR by 480.4% during the 3rd quarter. Intech Investment Management LLC now owns 155,987 shares of the aerospace company’s stock valued at $13,987,000 after acquiring an additional 129,113 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of AAR by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 4,061,230 shares of the aerospace company’s stock valued at $336,229,000 after acquiring an additional 281,871 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its position in shares of AAR by 22.5% during the 4th quarter. First Eagle Investment Management LLC now owns 61,619 shares of the aerospace company’s stock valued at $5,101,000 after acquiring an additional 11,300 shares in the last quarter. 90.74% of the stock is currently owned by institutional investors and hedge funds.

AAR Trading Up 1.3%

Shares of NYSE AIR opened at $128.88 on Friday. AAR Corp. has a 1-year low of $66.68 and a 1-year high of $130.00. The company has a market cap of $5.12 billion, a PE ratio of 28.58 and a beta of 1.13. The company has a current ratio of 2.70, a quick ratio of 1.23 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average of $114.25 and a two-hundred day moving average of $105.00.

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

Analyst Ratings Changes

AIR has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of AAR from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 6th. Truist Financial upgraded shares of AAR to a “strong-buy” rating in a research report on Friday, May 1st. Weiss Ratings lowered shares of AAR from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Jefferies Financial Group boosted their price target on shares of AAR to $150.00 and gave the company a “buy” rating in a research report on Tuesday, March 24th. Finally, Zacks Research lowered shares of AAR from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.20.

Insider Buying and Selling at AAR

In related news, CEO John Mcclain Holmes III sold 26,175 shares of the business’s stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $107.60, for a total transaction of $2,816,430.00. Following the completion of the sale, the chief executive officer directly owned 235,064 shares of the company’s stock, valued at $25,292,886.40. The trade was a 10.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.60% of the stock is currently owned by company insiders.

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.