AAR Corp. $AIR Shares Bought by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in AAR Corp. by 8.4%, acquiring an additional 89,802 shares worth approximately $64.97 million, bringing its total holdings to 1,160,420 shares.
• Institutional investors now own 90.74% of AAR Corp.'s stock, with several firms, including Westwood Holdings and Emerald Advisers, boosting their stakes in the company during the 1st quarter.
• AAR Corp.'s stock has received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and a target price averaging $83.75, despite one analyst downgrading the stock from "buy" to "hold."

Invesco Ltd. increased its stake in shares of AAR Corp. (NYSE:AIR - Free Report) by 8.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,160,420 shares of the aerospace company's stock after purchasing an additional 89,802 shares during the period. Invesco Ltd. owned approximately 3.21% of AAR worth $64,972,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Westwood Holdings Group Inc. grew its stake in 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 in the last quarter. Emerald Advisers LLC boosted its stake in shares of 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 buying an additional 20,654 shares during the period. Royal Bank of Canada grew its position in shares of AAR by 3.3% during the fourth quarter. Royal Bank of Canada now owns 480,338 shares of the aerospace company's stock worth $29,436,000 after buying an additional 15,318 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of AAR by 11.3% during the fourth quarter. Janus Henderson Group PLC now owns 389,313 shares of the aerospace company's stock worth $23,858,000 after buying an additional 39,505 shares during the period. Finally, Segall Bryant & Hamill LLC lifted its stake in AAR by 1.8% in the first quarter. Segall Bryant & Hamill LLC now owns 279,051 shares of the aerospace company's stock worth $15,624,000 after acquiring an additional 4,847 shares during the last quarter. 90.74% of the stock is currently owned by institutional investors and hedge funds.

AAR Stock Performance

Shares of AIR traded down $2.00 during mid-day trading on Wednesday, hitting $71.85. The stock had a trading volume of 141,867 shares, compared to its average volume of 312,263. AAR Corp. has a fifty-two week low of $46.51 and a fifty-two week high of $86.43. The company has a quick ratio of 1.26, a current ratio of 2.72 and a debt-to-equity ratio of 0.80. The company has a market cap of $2.58 billion, a PE ratio of 217.67 and a beta of 1.53. The company's fifty day simple moving average is $73.22 and its two-hundred day simple moving average is $65.31.

AAR (NYSE:AIR - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The aerospace company reported $1.16 EPS for the quarter, topping 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 net margin of 0.45% and a return on equity of 11.66%. The firm's revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.88 earnings per share. On average, equities analysts expect that AAR Corp. will post 3.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

AIR has been the topic of a number of recent analyst reports. KeyCorp increased 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. Truist Financial raised their price objective 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. Royal Bank Of Canada raised their price objective on AAR from $75.00 to $85.00 and gave the company an "outperform" 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 research note on Tuesday. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, AAR currently has a consensus rating of "Buy" and an average target price of $83.75.

Insider Buying and Selling at AAR

In other AAR news, CEO John Mcclain Holmes III sold 10,000 shares of the firm's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $71.70, for a total value of $717,000.00. Following the transaction, the chief executive officer owned 298,603 shares of the company's stock, valued at $21,409,835.10. This trade represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Sean M. Gillen sold 18,000 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $77.37, for a total value of $1,392,660.00. Following the transaction, the chief financial officer directly owned 99,868 shares of the company's stock, valued at $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. Insiders have sold 95,182 shares of company stock worth $7,331,452 in the last ninety days. Insiders own 3.60% of the company's stock.

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.