R Squared Ltd Buys Shares of 2,998 AAR Corp. $AIR

Key Points

• R Squared Ltd has acquired a new stake in AAR Corp., purchasing 2,998 shares valued at approximately $206,000.
• Insider trading activity includes CEO John Mcclain Holmes III selling 10,000 shares at an average price of $71.70, resulting in a decrease of his holdings by 3.24%.
• AAR Corp.'s stock has a market cap of $3.38 billion, with recent price targets from analysts ranging from $90 to $93, indicating a positive outlook on the stock.

R Squared Ltd bought a new stake in shares of AAR Corp. (NYSE:AIR - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,998 shares of the aerospace company's stock, valued at approximately $206,000.

Several other institutional investors also recently bought and sold shares of the stock. Sheets Smith Wealth Management increased its stake in shares of AAR by 1.9% in the second quarter. Sheets Smith Wealth Management now owns 7,416 shares of the aerospace company's stock worth $510,000 after purchasing an additional 135 shares during the period. Voya Investment Management LLC increased its stake in shares of AAR by 2.6% in the first quarter. Voya Investment Management LLC now owns 12,528 shares of the aerospace company's stock worth $701,000 after purchasing an additional 320 shares during the period. Yousif Capital Management LLC increased its stake in shares of AAR by 3.6% in the second quarter. Yousif Capital Management LLC now owns 13,157 shares of the aerospace company's stock worth $905,000 after purchasing an additional 454 shares during the period. Hughes Financial Services LLC bought a new position in shares of AAR in the first quarter worth about $28,000. Finally, GAMMA Investing LLC increased its stake in shares of AAR by 88.5% in the first quarter. GAMMA Investing LLC now owns 1,131 shares of the aerospace company's stock worth $63,000 after purchasing an additional 531 shares during the period. 90.74% of the stock is currently owned by institutional investors.

Insider Buying and Selling at AAR

In other news, CEO John Mcclain Holmes III sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $71.70, for a total value of $717,000.00. Following the completion of the transaction, the chief executive officer directly owned 298,603 shares of the company's stock, valued at approximately $21,409,835.10. This represents a 3.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.60% of the company's stock.

AAR Stock Up 0.9%

AIR stock opened at $86.43 on Friday. AAR Corp. has a twelve month low of $46.51 and a twelve month high of $89.69. The company has a market cap of $3.38 billion, a PE ratio of 110.81 and a beta of 1.52. The business's 50-day simple moving average is $79.11 and its 200 day simple moving average is $70.53. The company has a quick ratio of 1.31, a current ratio of 2.91 and a debt-to-equity ratio of 0.82.

AAR (NYSE:AIR - Get Free Report) last released its earnings results on Wednesday, May 28th. The aerospace company reported $0.83 earnings per share for the quarter. AAR had a return on equity of 12.29% and a net margin of 1.01%.The business had revenue of $553.30 million for the quarter. On average, research analysts anticipate that AAR Corp. will post 3.77 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on AIR. Weiss Ratings reiterated a "hold (c-)" rating on shares of AAR in a research note on Friday. KeyCorp lifted their price objective on AAR from $86.00 to $93.00 and gave the stock an "overweight" rating in a research note on Monday, September 29th. Truist Financial lifted their price objective on AAR from $81.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, September 24th. Zacks Research upgraded AAR from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 30th. Finally, Wall Street Zen lowered AAR from a "buy" rating to a "hold" rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $89.33.

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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