Swiss National Bank Increases Holdings in AAR Corp. (NYSE:AIR)

Swiss National Bank boosted its position in AAR Corp. (NYSE:AIR) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,600 shares of the aerospace company’s stock after buying an additional 1,400 shares during the quarter. Swiss National Bank’s holdings in AAR were worth $4,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. National Bank of Canada FI purchased a new position in shares of AAR in the third quarter worth $25,000. Smartleaf Asset Management LLC grew its holdings in AAR by 124.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the aerospace company’s stock worth $62,000 after acquiring an additional 561 shares during the last quarter. Venturi Wealth Management LLC increased its position in shares of AAR by 1,965.6% in the fourth quarter. Venturi Wealth Management LLC now owns 1,322 shares of the aerospace company’s stock valued at $81,000 after acquiring an additional 1,258 shares during the period. Toth Financial Advisory Corp raised its stake in shares of AAR by 133.3% during the fourth quarter. Toth Financial Advisory Corp now owns 1,400 shares of the aerospace company’s stock valued at $86,000 after acquiring an additional 800 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of AAR by 42.5% during the fourth quarter. KBC Group NV now owns 1,887 shares of the aerospace company’s stock valued at $116,000 after acquiring an additional 563 shares during the last quarter. 90.74% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CAO Jessica A. Garascia sold 1,500 shares of AAR stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $66.90, for a total transaction of $100,350.00. Following the completion of the transaction, the chief accounting officer now directly owns 37,565 shares in the company, valued at approximately $2,513,098.50. This trade represents a 3.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Christopher A. Jessup sold 33,481 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $70.40, for a total transaction of $2,357,062.40. Following the completion of the transaction, the senior vice president now owns 63,209 shares in the company, valued at approximately $4,449,913.60. The trade was a 34.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 185,793 shares of company stock valued at $12,538,396 over the last ninety days. Company insiders own 4.10% of the company’s stock.

AAR Trading Down 0.3 %

Shares of AIR opened at $69.75 on Wednesday. AAR Corp. has a 1-year low of $54.71 and a 1-year high of $76.34. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 249.12 and a beta of 1.58. The firm’s 50-day moving average price is $66.99 and its 200-day moving average price is $65.44. The company has a current ratio of 2.68, a quick ratio of 1.27 and a debt-to-equity ratio of 0.84.

AAR (NYSE:AIR) 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 firm had revenue of $686.10 million for the quarter, compared to the consensus estimate of $654.47 million. AAR had a return on equity of 10.46% and a net margin of 0.41%. The business’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.81 EPS. Sell-side analysts anticipate that AAR Corp. will post 3.77 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on AIR shares. KeyCorp initiated coverage on AAR in a research note on Thursday, January 16th. They issued an “overweight” rating and a $83.00 target price on the stock. StockNews.com lowered AAR from a “hold” rating to a “sell” rating in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.50.

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.