AAR Corp. $AIR Shares Sold by Deutsche Bank AG

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 lowered its holdings in shares of AAR Corp. (NYSE:AIR - Free Report) by 32.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (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 0.12% of AAR worth $2,380,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its stake in AAR by 11.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,339 shares of the aerospace company's stock worth $143,000 after purchasing an additional 246 shares during the period. Sheets Smith Wealth Management raised its position in AAR by 3.8% during the 1st quarter. Sheets Smith Wealth Management now owns 7,281 shares of the aerospace company's stock worth $408,000 after buying an additional 266 shares during the last quarter. Rafferty Asset Management LLC raised its position in AAR by 4.9% during the 4th quarter. Rafferty Asset Management LLC now owns 9,030 shares of the aerospace company's stock worth $553,000 after buying an additional 420 shares during the last quarter. Putney Financial Group LLC purchased a new position in AAR during the 4th quarter worth $30,000. Finally, Hughes Financial Services LLC purchased a new position in AAR during the 1st quarter worth $28,000. Institutional investors and hedge funds own 90.74% of the company's stock.

AAR Stock Performance

Shares of NYSE AIR opened at $71.8590 on Thursday. The company has a market cap of $2.58 billion, a PE ratio of 217.76 and a beta of 1.53. AAR Corp. has a 12 month low of $46.51 and a 12 month high of $86.43. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.72 and a quick ratio of 1.26. The company has a 50-day simple moving average of $73.29 and a 200-day simple moving average of $65.36.

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

Insider Activity

In related news, CEO John Mcclain Holmes III sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $71.70, for a total value of $717,000.00. Following the sale, the chief executive officer directly owned 298,603 shares of the company's stock, valued at approximately $21,409,835.10. This trade represents a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jessica A. Garascia sold 3,631 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $77.08, for a total transaction of $279,877.48. Following the completion of the sale, the chief accounting officer directly owned 39,117 shares in the company, valued at $3,015,138.36. This represents a 8.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 95,182 shares of company stock valued at $7,331,452. 3.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Royal Bank Of Canada upped their price objective on shares of AAR from $75.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. KeyCorp increased their price target 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 increased their price target on shares of AAR from $78.00 to $81.00 and gave the company a "buy" rating in a report on Friday, July 11th. Finally, Wall Street Zen upgraded shares of AAR from a "hold" rating to a "buy" rating in a report on Tuesday. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $83.75.

AAR 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.

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