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

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AIR. Westwood Holdings Group Inc. increased its stake in shares of AAR by 10.3% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,589,320 shares of the aerospace company's stock worth $88,986,000 after purchasing an additional 148,166 shares during the last quarter. Invesco Ltd. increased its stake in shares of AAR by 8.4% during the 1st quarter. Invesco Ltd. now owns 1,160,420 shares of the aerospace company's stock worth $64,972,000 after purchasing an additional 89,802 shares during the last quarter. Emerald Advisers LLC increased 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 last quarter. Royal Bank of Canada increased its stake in shares of AAR by 3.3% during the 4th quarter. Royal Bank of Canada now owns 480,338 shares of the aerospace company's stock worth $29,436,000 after purchasing an additional 15,318 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of AAR by 11.3% during the 4th quarter. Janus Henderson Group PLC now owns 389,313 shares of the aerospace company's stock worth $23,858,000 after purchasing an additional 39,505 shares during the last quarter. 90.74% of the stock is owned by institutional investors.

AAR Stock Performance

NYSE AIR traded down $0.45 during trading on Friday, reaching $75.36. The company's stock had a trading volume of 42,655 shares, compared to its average volume of 310,354. The firm has a 50 day moving average price of $74.17 and a 200 day moving average price of $65.67. AAR Corp. has a 12 month low of $46.51 and a 12 month high of $86.43. 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 firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 228.37 and a beta of 1.53.

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

Analyst Ratings Changes

Several research firms have recently weighed in on AIR. KeyCorp boosted their price objective on shares of AAR from $80.00 to $86.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Truist Financial upped their price target on shares of 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 shares of AAR from a "hold" rating to a "buy" rating in a research note on Tuesday, August 19th. Finally, Royal Bank Of Canada upped their price target on shares of AAR from $75.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $83.75.

Insider Buying and Selling at AAR

In other news, CEO John Mcclain Holmes III sold 31,551 shares of the stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $78.03, for a total transaction of $2,461,924.53. Following the completion of the sale, the chief executive officer directly owned 360,921 shares in the company, valued at $28,162,665.63. This represents a 8.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Sean M. Gillen sold 18,000 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $77.37, for a total transaction of $1,392,660.00. Following the sale, the chief financial officer owned 99,868 shares of the company's stock, valued at approximately $7,726,787.16. This trade represents a 15.27% 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.

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.