Blair William & Co. IL Has $3.65 Million Holdings in AAR Corp. $AIR

Key Points

• Blair William & Co. IL has increased its holdings in AAR Corp. by 15.0%, now owning approximately 52,990 shares valued at $3.65 million as of the latest SEC filing.
• AAR Corp. has shown strong performance with a recent stock price increase of 3.7% and significant institutional support, with 90.74% of shares held by institutional investors.
• Analysts are bullish on AAR Corp., with several raising price targets above $90, reflecting a consensus rating of "Buy" across multiple research reports.

Blair William & Co. IL raised its stake in AAR Corp. (NYSE:AIR - Free Report) by 15.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,990 shares of the aerospace company's stock after acquiring an additional 6,893 shares during the quarter. Blair William & Co. IL owned about 0.15% of AAR worth $3,645,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Westwood Holdings Group Inc. increased its position in AAR by 10.3% in the 1st quarter. Westwood Holdings Group Inc. now owns 1,589,320 shares of the aerospace company's stock valued at $88,986,000 after acquiring an additional 148,166 shares in the last quarter. Invesco Ltd. increased its position in AAR by 8.4% in the 1st quarter. Invesco Ltd. now owns 1,160,420 shares of the aerospace company's stock valued at $64,972,000 after acquiring an additional 89,802 shares in the last quarter. Fred Alger Management LLC increased its position in AAR by 32.6% in the 1st quarter. Fred Alger Management LLC now owns 533,770 shares of the aerospace company's stock valued at $29,886,000 after acquiring an additional 131,092 shares in the last quarter. Royal Bank of Canada increased its position in AAR by 7.9% in the 1st quarter. Royal Bank of Canada now owns 518,061 shares of the aerospace company's stock valued at $29,007,000 after acquiring an additional 37,723 shares in the last quarter. Finally, Emerald Advisers LLC increased its position in AAR by 4.2% in the 1st quarter. Emerald Advisers LLC now owns 510,814 shares of the aerospace company's stock valued at $28,600,000 after acquiring an additional 20,654 shares in the last quarter. Institutional investors and hedge funds own 90.74% of the company's stock.

AAR Stock Up 3.7%

AAR stock opened at $81.23 on Tuesday. The company's 50 day simple moving average is $77.56 and its 200 day simple moving average is $68.68. AAR Corp. has a fifty-two week low of $46.51 and a fifty-two week high of $89.69. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 104.14 and a beta of 1.52. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.91 and a quick ratio of 1.31.

AAR (NYSE:AIR - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The aerospace company reported $0.83 earnings per share for the quarter. AAR had a net margin of 1.01% and a return on equity of 12.29%. The business had revenue of $553.30 million for the quarter. As a group, sell-side analysts anticipate that AAR Corp. will post 3.77 EPS for the current year.

Insider Activity

In related news, Director Jennifer L. Vogel sold 7,000 shares of AAR stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $78.07, for a total transaction of $546,490.00. Following the transaction, the director owned 22,970 shares of the company's stock, valued at $1,793,267.90. This trade represents a 23.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jessica A. Garascia sold 3,631 shares of AAR 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 transaction, the chief accounting officer directly owned 39,117 shares in the company, valued at $3,015,138.36. The trade was a 8.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold 95,182 shares of company stock worth $7,331,452 over the last quarter. 3.60% of the stock is owned by insiders.

Analysts Set New Price Targets

AIR has been the subject of several research reports. Truist Financial raised their price objective on shares of AAR from $81.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, September 24th. Weiss Ratings reiterated a "hold (c-)" rating on shares of AAR in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of AAR from a "hold" rating to a "buy" rating in a research report on Sunday, September 28th. Royal Bank Of Canada reiterated an "outperform" rating and set a $85.00 price target on shares of AAR in a research report on Wednesday, September 24th. Finally, KeyCorp lifted their price target on shares of AAR from $86.00 to $93.00 and gave the stock an "overweight" rating in a research report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $89.33.

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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