Deutsche Bank AG Sells 20,289 Shares of AAR Corp. $AIR

Key Points

• Deutsche Bank AG reduced its stakes in AAR Corp. by 32.3%, selling 20,289 shares and now holding 0.12% of the company valued at approximately $2.38 million.
• AAR Corp. reported better-than-expected earnings for the last quarter, with an EPS of $1.16 beating analysts' estimates by $0.16 and revenue of $754.50 million surpassing the consensus estimate of $695.81 million.
• AAR Corp.'s recent stock ratings have been upgraded by several analysts, with price targets raised to between $81 and $86, reflecting a consensus rating of "Buy."

Deutsche Bank AG reduced its stake in shares of AAR Corp. (NYSE:AIR - Free Report) by 32.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 42,499 shares of the aerospace company's stock after selling 20,289 shares during the period. Deutsche Bank AG owned approximately 0.12% of AAR worth $2,380,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Putney Financial Group LLC bought a new stake in AAR in the 4th quarter valued at approximately $30,000. Hughes Financial Services LLC acquired a new stake in shares of AAR in the first quarter valued at approximately $28,000. Virtus Fund Advisers LLC acquired a new stake in shares of AAR in the fourth quarter valued at approximately $36,000. Sterling Capital Management LLC raised its holdings in shares of AAR by 761.2% in the fourth quarter. Sterling Capital Management LLC now owns 887 shares of the aerospace company's stock valued at $54,000 after purchasing an additional 784 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of AAR by 88.5% in the first quarter. GAMMA Investing LLC now owns 1,131 shares of the aerospace company's stock valued at $63,000 after purchasing an additional 531 shares during the last quarter. 90.74% of the stock is currently owned by institutional investors and hedge funds.

AAR Stock Up 2.2%

AIR traded up $1.67 during trading on Tuesday, reaching $76.76. 238,878 shares of the stock were exchanged, compared to its average volume of 371,361. The stock has a market cap of $2.76 billion, a P/E ratio of 232.63 and a beta of 1.53. AAR Corp. has a twelve month low of $46.51 and a twelve month high of $86.43. The stock's 50 day moving average price is $73.82 and its two-hundred day moving average price is $65.54. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.26 and a current ratio of 2.72.

AAR (NYSE:AIR - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The aerospace company reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.16. AAR had a net margin of 0.45% and a return on equity of 11.66%. The firm had revenue of $754.50 million during the quarter, compared to analysts' expectations of $695.81 million. During the same period in the previous year, the business posted $0.88 earnings per share. The company's revenue for the quarter was up 15.0% compared to the same quarter last year. Equities analysts expect that AAR Corp. will post 3.77 EPS for the current year.

Insider Activity at AAR

In other AAR news, CAO Jessica A. Garascia sold 3,631 shares of AAR stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $77.08, for a total transaction of $279,877.48. Following the completion of the transaction, the chief accounting officer directly owned 39,117 shares of the company's stock, valued at $3,015,138.36. The trade was a 8.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Sean M. Gillen sold 18,000 shares of AAR stock in a transaction on Wednesday, July 23rd. The stock was 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 approximately $7,726,787.16. This trade represents a 15.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 95,182 shares of company stock valued at $7,331,452. 3.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

AIR has been the topic of a number of recent research reports. KeyCorp lifted their price objective on shares of AAR from $80.00 to $86.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Truist Financial lifted their price objective on shares of AAR from $78.00 to $81.00 and gave the company a "buy" rating in a report on Friday, July 11th. Wall Street Zen upgraded shares of AAR from a "hold" rating to a "buy" rating in a report on Tuesday, August 19th. Finally, Royal Bank Of Canada lifted their price objective on shares of AAR from $75.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, AAR has a consensus rating of "Buy" and an average price target of $83.75.

AAR Company Profile

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.