Stanley Laman Group Ltd. Trims Stake in AAR Corp. $AIR

Key Points

• Stanley Laman Group Ltd. has reduced its stake in AAR Corp. by 8.4%, selling 6,306 shares and now holding 68,767 shares worth approximately $4.73 million.
• Several institutional investors have increased their stakes in AAR, with notable increases from GAMMA Investing LLC (88.5%) and Voya Investment Management LLC (2.6%).
• Equities analysts have a positive outlook on AAR, with an average rating of "Buy" and a price target of $89.33, supported by upgrades from firms like Truist Financial and Zacks Research.

Stanley Laman Group Ltd. lowered its holdings in shares of AAR Corp. (NYSE:AIR - Free Report) by 8.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 68,767 shares of the aerospace company's stock after selling 6,306 shares during the quarter. Stanley Laman Group Ltd. owned 0.19% of AAR worth $4,730,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Sheets Smith Wealth Management increased its holdings in AAR by 1.9% during the 2nd 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% during the first quarter. Voya Investment Management LLC now owns 12,528 shares of the aerospace company's stock valued at $701,000 after buying an additional 320 shares during the period. Yousif Capital Management LLC raised its holdings 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 valued at $905,000 after acquiring an additional 454 shares in the last quarter. Hughes Financial Services LLC purchased a new stake in AAR in the first quarter worth about $28,000. Finally, GAMMA Investing LLC grew its holdings in AAR by 88.5% during the 1st quarter. GAMMA Investing LLC now owns 1,131 shares of the aerospace company's stock worth $63,000 after acquiring an additional 531 shares in the last quarter. 90.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Truist Financial upped their price target on shares of AAR from $81.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, September 24th. Zacks Research upgraded AAR from a "hold" rating to a "strong-buy" rating in a report on Tuesday, September 30th. KeyCorp lifted their price target on AAR from $86.00 to $93.00 and gave the company an "overweight" rating in a report on Monday, September 29th. Wall Street Zen raised AAR from a "hold" rating to a "buy" rating in a research report on Sunday, September 28th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $85.00 price objective on shares of AAR in a research report on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, AAR currently has an average rating of "Buy" and an average price target of $89.33.

AAR Stock Performance

Shares of AIR opened at $82.92 on Friday. The company has a current ratio of 2.91, a quick ratio of 1.31 and a debt-to-equity ratio of 0.82. The firm has a market cap of $3.24 billion, a PE ratio of 106.31 and a beta of 1.52. AAR Corp. has a 12 month low of $46.51 and a 12 month high of $89.69. The stock has a fifty day moving average price of $78.36 and a 200-day moving average price of $69.25.

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

Insider Activity at AAR

In other AAR news, CAO Jessica A. Garascia sold 3,631 shares of the firm's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $77.08, for a total value of $279,877.48. Following the completion of the transaction, the chief accounting officer 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Sean M. Gillen sold 18,000 shares of AAR 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 $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. Over the last quarter, insiders sold 95,182 shares of company stock valued at $7,331,452. Company 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.

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