34,462 Shares in AAR Corp. $AIR Bought by M3F Inc.

Key Points

• M3F Inc. acquired 34,462 shares of AAR Corp. valued at approximately $1.93 million, making it the fund's 26th largest holding.
• Recent analyst upgrades have boosted AAR's price targets, with estimates ranging from $81 to $86 per share, indicating a consensus rating of "Buy."
• CEO John Mcclain Holmes III sold 10,000 shares of AAR stock for $717,000, reflecting a 3.24% decrease in his holdings, amidst other insider transactions.

M3F Inc. acquired a new position in shares of AAR Corp. (NYSE:AIR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,462 shares of the aerospace company's stock, valued at approximately $1,930,000. AAR accounts for 0.5% of M3F Inc.'s investment portfolio, making the stock its 26th biggest holding. M3F Inc. owned 0.10% of AAR at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Westwood Holdings Group Inc. lifted its position in AAR by 10.3% during the first quarter. Westwood Holdings Group Inc. now owns 1,589,320 shares of the aerospace company's stock worth $88,986,000 after purchasing an additional 148,166 shares during the period. Invesco Ltd. raised its stake in AAR by 8.4% during the first quarter. Invesco Ltd. now owns 1,160,420 shares of the aerospace company's stock worth $64,972,000 after acquiring an additional 89,802 shares in the last quarter. Emerald Advisers LLC raised its stake in AAR by 4.2% during the first quarter. Emerald Advisers LLC now owns 510,814 shares of the aerospace company's stock worth $28,600,000 after acquiring an additional 20,654 shares in the last quarter. Royal Bank of Canada raised its stake in AAR by 3.3% during the fourth quarter. Royal Bank of Canada now owns 480,338 shares of the aerospace company's stock worth $29,436,000 after acquiring an additional 15,318 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in AAR by 11.3% during the fourth quarter. Janus Henderson Group PLC now owns 389,313 shares of the aerospace company's stock worth $23,858,000 after acquiring an additional 39,505 shares in the last quarter. Institutional investors own 90.74% of the company's stock.

Insider Activity at AAR

In related news, CFO Sean M. Gillen sold 18,000 shares of the stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $77.37, for a total transaction of $1,392,660.00. Following the transaction, the chief financial officer directly owned 99,868 shares of the company's stock, valued at $7,726,787.16. This represents a 15.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John Mcclain Holmes III sold 31,551 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $78.03, for a total transaction of $2,461,924.53. Following the transaction, the chief executive officer directly owned 360,921 shares in the company, valued at approximately $28,162,665.63. This represents a 8.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 95,182 shares of company stock worth $7,331,452 over the last quarter. 3.60% of the stock is currently owned by insiders.

AAR Trading Down 0.4%

AIR stock traded down $0.32 during trading on Monday, hitting $75.50. The company had a trading volume of 206,261 shares, compared to its average volume of 351,097. The business has a 50-day moving average of $74.33 and a 200-day moving average of $65.69. AAR Corp. has a one year low of $46.51 and a one year high of $86.43. The stock has a market cap of $2.71 billion, a PE ratio of 228.78 and a beta of 1.50. The company has a current ratio of 2.72, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80.

AAR (NYSE:AIR - Get Free Report) last announced its earnings results on Wednesday, July 16th. The aerospace company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.00 by $0.16. AAR had a return on equity of 11.66% and a net margin of 0.45%.The business had revenue of $754.50 million for the quarter, compared to analysts' expectations of $695.81 million. During the same period in the prior year, the business posted $0.88 earnings per share. The firm's revenue was up 15.0% on a year-over-year basis. Research analysts predict that AAR Corp. will post 3.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on AIR shares. KeyCorp boosted their target price on AAR from $80.00 to $86.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Royal Bank Of Canada upped their price objective on AAR from $75.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. Truist Financial upped their price objective on AAR from $78.00 to $81.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Finally, Wall Street Zen raised AAR from a "hold" rating to a "buy" rating in a research note on Tuesday, August 19th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $83.75.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Parts Supply segment leases and sells aircraft components and replacement parts. The Repair & Engineering segment provides airframe maintenance services, such as airframe inspection, painting, line maintenance, airframe modification, structural repair, avionics service and installation, exterior and interior refurbishment, and engineering and support services; component repair services comprising maintenance, repair, and overhaul (MRO) services, engine and airframe accessories, and interior refurbishment; and landing gear overhaul services, including repair services on wheels and brakes.