Keeley Teton Advisors LLC Grows Holdings in AAR Corp. $AIR

Key Points

• Keeley Teton Advisors LLC boosted its stake in AAR Corp. by 36.4%, now owning 30,971 shares worth approximately $1.73 million.
• Several large investors have increased their positions in AAR Corp., with institutional investors now holding 90.74% of the stock.
• AAR Corp. reported a quarterly EPS of $1.16, exceeding analysts' expectations, with a revenue increase of 15% year-over-year.

Keeley Teton Advisors LLC raised its stake in shares of AAR Corp. (NYSE:AIR - Free Report) by 36.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,971 shares of the aerospace company's stock after purchasing an additional 8,262 shares during the quarter. Keeley Teton Advisors LLC owned 0.09% of AAR worth $1,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in AIR. Westwood Holdings Group Inc. raised its stake 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 worth $88,986,000 after acquiring an additional 148,166 shares in the last quarter. Bank of America Corp DE raised its stake in shares of AAR by 293.3% during the fourth quarter. Bank of America Corp DE now owns 171,203 shares of the aerospace company's stock worth $10,491,000 after acquiring an additional 127,668 shares in the last quarter. Nuveen LLC purchased a new position in shares of AAR during the first quarter worth approximately $6,226,000. Invesco Ltd. raised its stake in shares of AAR by 8.4% during the first quarter. Invesco Ltd. now owns 1,160,420 shares of the aerospace company's stock worth $64,972,000 after acquiring an additional 89,802 shares in the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of AAR by 250.9% during the fourth quarter. Two Sigma Investments LP now owns 116,866 shares of the aerospace company's stock worth $7,162,000 after acquiring an additional 83,561 shares in the last quarter. 90.74% of the stock is owned by hedge funds and other institutional investors.

AAR Trading Down 0.4%

AAR stock traded down $0.32 during mid-day trading on Friday, reaching $75.50. 206,261 shares of the company traded hands, compared to its average volume of 357,761. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.72 and a quick ratio of 1.26. The firm's 50 day moving average price is $74.33 and its 200 day moving average price is $65.69. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 228.78 and a beta of 1.53. AAR Corp. has a 52-week low of $46.51 and a 52-week high of $86.43.

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

Wall Street Analyst Weigh In

Several research firms have commented on AIR. Truist Financial lifted their price target on shares of AAR from $78.00 to $81.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Royal Bank Of Canada lifted their target price on shares of AAR from $75.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, July 17th. Wall Street Zen raised shares of AAR from a "hold" rating to a "buy" rating in a research note on Tuesday, August 19th. Finally, KeyCorp lifted their target price 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. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $83.75.

Insider Activity at AAR

In other AAR news, CAO Jessica A. Garascia sold 3,631 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were 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 of the company's stock, valued at approximately $3,015,138.36. The trade was a 8.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sean M. Gillen sold 18,000 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $77.37, for a total transaction of $1,392,660.00. Following the transaction, the chief financial officer directly owned 99,868 shares in the company, valued at approximately $7,726,787.16. The trade was a 15.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 95,182 shares of company stock valued at $7,331,452 in the last 90 days. 3.60% of the stock is owned by company insiders.

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.