AAR Corp. (NYSE:AIR) Shares Bought by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its position in AAR Corp. by 57.4% during the first quarter, owning 23,591 shares worth approximately $1.32 million.
• AAR Corp. reported Q1 earnings of $1.16 per share, exceeding analysts’ expectations, with revenues reaching $754.5 million, a 15% increase year-over-year.
• Analysts are optimistic about AAR Corp., with multiple firms raising their price targets, indicating a consensus average price target of $83.75 for the stock.

Natixis Advisors LLC grew its position in shares of AAR Corp. (NYSE:AIR - Free Report) by 57.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,591 shares of the aerospace company's stock after acquiring an additional 8,601 shares during the quarter. Natixis Advisors LLC owned about 0.07% of AAR worth $1,321,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. acquired a new stake in shares of AAR in the first quarter valued at about $526,000. GAMMA Investing LLC grew its stake in shares of AAR by 10,454.2% in the first quarter. GAMMA Investing LLC now owns 63,325 shares of the aerospace company's stock valued at $3,546,000 after buying an additional 62,725 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of AAR in the first quarter valued at about $294,000. First Trust Advisors LP grew its stake in shares of AAR by 60.3% in the fourth quarter. First Trust Advisors LP now owns 26,173 shares of the aerospace company's stock valued at $1,604,000 after buying an additional 9,846 shares in the last quarter. Finally, Emerald Advisers LLC grew its stake in shares of AAR by 4.2% in the first quarter. Emerald Advisers LLC now owns 510,814 shares of the aerospace company's stock valued at $28,600,000 after buying an additional 20,654 shares in the last quarter. 90.74% of the stock is currently owned by institutional investors and hedge funds.

AAR Trading Up 3.9%

Shares of AIR opened at $74.89 on Friday. The company has a market capitalization of $2.69 billion, a P/E ratio of 226.95 and a beta of 1.53. AAR Corp. has a one year low of $46.51 and a one year high of $86.43. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.26 and a current ratio of 2.72. The stock has a 50-day moving average price of $71.73 and a 200 day moving average price of $64.96.

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, beating analysts' consensus estimates of $1.00 by $0.16. The firm had revenue of $754.50 million during the quarter, compared to the consensus estimate of $695.81 million. AAR had a return on equity of 11.66% and a net margin of 0.45%. AAR's revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.88 earnings per share. Sell-side analysts forecast that AAR Corp. will post 3.77 EPS for the current fiscal year.

Insiders Place Their Bets

In other AAR news, CEO John Mcclain Holmes III sold 31,551 shares of the stock in a transaction that occurred 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 owned 360,921 shares of the company's stock, valued at $28,162,665.63. This trade represents a 8.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Jessica A. Garascia sold 3,631 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $77.08, for a total value of $279,877.48. Following the transaction, the chief accounting officer directly owned 39,117 shares in the company, valued at approximately $3,015,138.36. This represents a 8.49% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 95,182 shares of company stock worth $7,331,452. Company insiders own 4.10% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Truist Financial increased their target price on AAR from $78.00 to $81.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Wall Street Zen upgraded AAR from a "hold" rating to a "buy" rating in a research note on Sunday, August 3rd. Royal Bank Of Canada increased their target price on AAR from $75.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. Finally, KeyCorp increased their target price on AAR from $80.00 to $86.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average 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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