Venturi Wealth Management LLC lifted its position in AAR Corp. (NYSE:AIR – Free Report) by 1,965.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,322 shares of the aerospace company’s stock after purchasing an additional 1,258 shares during the quarter. Venturi Wealth Management LLC’s holdings in AAR were worth $81,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in AIR. National Bank of Canada FI purchased a new position in AAR in the third quarter worth $25,000. Toth Financial Advisory Corp grew its position in AAR by 133.3% in the fourth quarter. Toth Financial Advisory Corp now owns 1,400 shares of the aerospace company’s stock worth $86,000 after acquiring an additional 800 shares in the last quarter. KBC Group NV grew its position in AAR by 32.9% in the third quarter. KBC Group NV now owns 1,324 shares of the aerospace company’s stock worth $87,000 after acquiring an additional 328 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in AAR by 52.1% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,711 shares of the aerospace company’s stock worth $166,000 after acquiring an additional 929 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. purchased a new position in AAR in the fourth quarter worth $203,000. Institutional investors own 90.74% of the company’s stock.
Insider Transactions at AAR
In related news, SVP Christopher A. Jessup sold 33,481 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $70.40, for a total value of $2,357,062.40. Following the completion of the transaction, the senior vice president now directly owns 63,209 shares of the company’s stock, valued at $4,449,913.60. This represents a 34.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John Mcclain Holmes III sold 5,000 shares of the stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $70.81, for a total transaction of $354,050.00. Following the completion of the transaction, the chief executive officer now directly owns 341,680 shares of the company’s stock, valued at approximately $24,194,360.80. The trade was a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 185,793 shares of company stock worth $12,538,396. Company insiders own 4.10% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Stock Report on AAR
AAR Stock Performance
NYSE AIR opened at $62.23 on Tuesday. The company has a 50-day simple moving average of $65.70 and a two-hundred day simple moving average of $65.12. The company has a quick ratio of 1.27, a current ratio of 2.68 and a debt-to-equity ratio of 0.84. AAR Corp. has a 12-month low of $54.71 and a 12-month high of $76.34. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 222.26 and a beta of 1.61.
AAR (NYSE:AIR – Get Free Report) last posted its earnings results on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.07. The company had revenue of $686.10 million during the quarter, compared to analyst estimates of $654.47 million. AAR had a net margin of 0.41% and a return on equity of 10.46%. AAR’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.81 earnings per share. On average, equities analysts forecast that AAR Corp. will post 3.77 EPS for the current year.
About AAR
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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