Meyer Handelman Co. Invests $206,000 in AAR Corp. $AIR

Key Points

• Meyer Handelman Co. invested approximately $206,000 in AAR Corp., acquiring 3,000 shares during the second quarter.
• In its most recent earnings report, AAR Corp. reported an EPS of $1.08, surpassing analysts' expectations of $0.98 and showcasing a revenue increase of 11.8% year-over-year.
• Institutional investors hold 90.74% of AAR Corp.'s stock, with several hedge funds making new or increased positions recently.

Meyer Handelman Co. bought a new position in AAR Corp. (NYSE:AIR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,000 shares of the aerospace company's stock, valued at approximately $206,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hughes Financial Services LLC bought a new position in shares of AAR in the first quarter worth approximately $28,000. Virtus Advisers LLC purchased a new position in shares of AAR during the first quarter valued at approximately $47,000. GAMMA Investing LLC lifted its position in AAR by 88.5% during the first quarter. GAMMA Investing LLC now owns 1,131 shares of the aerospace company's stock valued at $63,000 after purchasing an additional 531 shares during the period. State of Wyoming lifted its position in AAR by 128.5% during the first quarter. State of Wyoming now owns 1,821 shares of the aerospace company's stock valued at $102,000 after purchasing an additional 1,024 shares during the period. Finally, Central Pacific Bank Trust Division lifted its position in AAR by 40.0% during the first quarter. Central Pacific Bank Trust Division now owns 3,500 shares of the aerospace company's stock valued at $196,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 90.74% of the company's stock.

AAR Stock Up 4.3%

Shares of AIR stock opened at $86.25 on Friday. AAR Corp. has a 12 month low of $46.51 and a 12 month high of $87.67. The stock has a market cap of $3.11 billion, a P/E ratio of 110.58 and a beta of 1.50. The company has a current ratio of 2.91, a quick ratio of 1.26 and a debt-to-equity ratio of 0.82. The company has a 50 day simple moving average of $76.04 and a two-hundred day simple moving average of $67.42.

AAR (NYSE:AIR - Get Free Report) last announced its earnings results on Tuesday, September 23rd. The aerospace company reported $1.08 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.10. AAR had a net margin of 1.01% and a return on equity of 12.29%. The business had revenue of $739.60 million during the quarter, compared to analysts' expectations of $692.47 million. During the same period in the prior year, the company earned $0.50 earnings per share. The firm's revenue was up 11.8% on a year-over-year basis. AAR has set its Q2 2026 guidance at EPS. On average, research analysts expect that AAR Corp. will post 3.77 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AIR. Wall Street Zen downgraded shares of AAR from a "buy" rating to a "hold" rating in a research report on Saturday, September 20th. Royal Bank Of Canada restated an "outperform" rating and set a $85.00 price objective on shares of AAR in a research report on Wednesday. Truist Financial increased their price objective on shares of AAR from $81.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, 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. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $86.00.

Insider Buying and Selling at AAR

In other news, CEO John Mcclain Holmes III sold 10,000 shares of the stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $71.70, for a total value of $717,000.00. Following the completion of the sale, the chief executive officer directly owned 298,603 shares of the company's stock, valued at $21,409,835.10. This represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Jessica A. Garascia sold 3,631 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $77.08, for a total transaction of $279,877.48. Following the completion of the sale, 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 sold a total of 95,182 shares of company stock valued at $7,331,452 in the last ninety days. Corporate 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.

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