EntryPoint Capital LLC Acquires Shares of 3,661 AAR Corp. $AIR

Key Points

• EntryPoint Capital LLC acquired 3,661 shares of AAR Corp., valued at approximately $205,000, indicating growing interest in the aerospace sector.
• Several institutional investors, including Westwood Holdings Group Inc. and Invesco Ltd., increased their stakes in AAR during the first quarter, highlighting strong confidence in the company's performance.
• AAR Corp. recently reported a quarterly EPS of $1.16, surpassing estimates and marking a 15% increase in revenue year-over-year, further solidifying its robust financial standing.

EntryPoint Capital LLC purchased a new position in AAR Corp. (NYSE:AIR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,661 shares of the aerospace company's stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Westwood Holdings Group Inc. increased its position in shares of AAR by 10.3% during the first 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 during the last quarter. Invesco Ltd. increased its stake 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 buying an additional 89,802 shares during the period. Emerald Advisers LLC grew its stake in shares of AAR by 4.2% during the 1st quarter. Emerald Advisers LLC now owns 510,814 shares of the aerospace company's stock worth $28,600,000 after purchasing an additional 20,654 shares during the period. Royal Bank of Canada increased its holdings in shares of AAR by 3.3% in the 4th quarter. Royal Bank of Canada now owns 480,338 shares of the aerospace company's stock valued at $29,436,000 after purchasing an additional 15,318 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in AAR by 11.3% in the 4th quarter. Janus Henderson Group PLC now owns 389,313 shares of the aerospace company's stock valued at $23,858,000 after acquiring an additional 39,505 shares during the last quarter. 90.74% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO John Mcclain Holmes III sold 31,551 shares of the firm's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $78.03, for a total value of $2,461,924.53. Following the completion of the transaction, the chief executive officer directly owned 360,921 shares of the company's stock, valued at $28,162,665.63. This trade represents a 8.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jessica A. Garascia sold 3,631 shares of the firm's stock in a transaction 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 completion of the transaction, the chief accounting officer directly owned 39,117 shares of the company's stock, valued at approximately $3,015,138.36. This trade represents a 8.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 95,182 shares of company stock worth $7,331,452 over the last quarter. Company insiders own 3.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Truist Financial raised their target price on shares of AAR from $78.00 to $81.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Royal Bank Of Canada raised their price target 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 boosted their target price on shares of AAR from $80.00 to $86.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Finally, Wall Street Zen raised shares of AAR from a "hold" rating to a "buy" rating in a report on Tuesday, August 19th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $83.75.

AAR Price Performance

NYSE AIR opened at $75.7330 on Friday. The stock's 50-day moving average price is $73.50 and its two-hundred day moving average price is $65.43. The company has a current ratio of 2.72, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80. The company has a market cap of $2.72 billion, a PE ratio of 229.50 and a beta of 1.53. AAR Corp. has a 1 year low of $46.51 and a 1 year high of $86.43.

AAR (NYSE:AIR - Get Free Report) last issued its earnings results on Wednesday, July 16th. The aerospace company reported $1.16 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.16. The company had revenue of $754.50 million for 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%.The firm's quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 EPS. On average, analysts predict that AAR Corp. will post 3.77 EPS for the current year.

About AAR

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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