Dimensional Fund Advisors LP Sells 218,495 Shares of AAR Corp. $AIR

Key Points

• Dimensional Fund Advisors LP has reduced its stake in AAR Corp. by 8.6%, holding approximately 2.3 million shares worth $129.66 million as of the latest SEC filing.
• Insider trading activity includes the CFO selling 18,000 shares for about $1.39 million, representing a 15.27% decrease in his ownership.
• Equities analysts have upgraded AAR Corp. from a "hold" to a "buy" rating, with an average target price of $83.75 based on positive earnings results and revenue growth.

Dimensional Fund Advisors LP decreased its holdings in AAR Corp. (NYSE:AIR - Free Report) by 8.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,315,657 shares of the aerospace company's stock after selling 218,495 shares during the period. Dimensional Fund Advisors LP owned 6.41% of AAR worth $129,655,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new position in shares of AAR in the first quarter valued at approximately $526,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of AAR in the first quarter valued at approximately $209,000. GAMMA Investing LLC boosted its position 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 acquiring an additional 62,725 shares during the period. Natixis Advisors LLC boosted its position in shares of AAR by 57.4% in the first quarter. Natixis Advisors LLC now owns 23,591 shares of the aerospace company's stock valued at $1,321,000 after acquiring an additional 8,601 shares during the period. Finally, Teacher Retirement System of Texas bought a new position in shares of AAR in the first quarter valued at approximately $294,000. 90.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

AAR Price Performance

AAR stock traded down $0.85 during mid-day trading on Wednesday, hitting $75.94. 257,617 shares of the company traded hands, compared to its average volume of 368,064. 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 $2.73 billion, a price-to-earnings ratio of 230.13 and a beta of 1.53. 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 fifty day moving average price of $74.00 and a 200-day moving average price of $65.62.

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

Insider Buying and Selling at AAR

In other news, CAO Jessica A. Garascia sold 3,631 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $77.08, for a total value of $279,877.48. Following the completion of the sale, the chief accounting officer directly owned 39,117 shares in the company, valued at approximately $3,015,138.36. The trade was a 8.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jennifer L. Vogel sold 7,000 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $78.07, for a total transaction of $546,490.00. Following the completion of the sale, the director owned 22,970 shares of the company's stock, valued at approximately $1,793,267.90. The trade was a 23.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 95,182 shares of company stock valued at $7,331,452. Insiders own 3.60% of the company's stock.

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.