State of Wisconsin Investment Board Has $4.09 Million Position in AAR Corp. (NYSE:AIR)

State of Wisconsin Investment Board lessened its stake in shares of AAR Corp. (NYSE:AIR) by 11.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 112,850 shares of the aerospace company’s stock after selling 14,100 shares during the period. State of Wisconsin Investment Board owned 0.32% of AAR worth $4,087,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in AIR. Public Employees Retirement System of Ohio raised its holdings in AAR by 18.2% during the third quarter. Public Employees Retirement System of Ohio now owns 4,208 shares of the aerospace company’s stock worth $79,000 after buying an additional 649 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in AAR by 43.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,250 shares of the aerospace company’s stock worth $190,000 after buying an additional 1,584 shares during the last quarter. Cullen Capital Management LLC acquired a new position in AAR during the fourth quarter worth $301,000. Oregon Public Employees Retirement Fund raised its holdings in AAR by 3.8% during the third quarter. Oregon Public Employees Retirement Fund now owns 13,521 shares of the aerospace company’s stock worth $254,000 after buying an additional 500 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new position in AAR during the third quarter worth $290,000. Institutional investors own 85.73% of the company’s stock.

Several research analysts have weighed in on AIR shares. Credit Suisse Group upped their price objective on shares of AAR from $27.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday, December 21st. Canaccord Genuity upped their target price on shares of AAR from $25.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, December 16th. Finally, Truist upped their target price on shares of AAR from $38.00 to $40.00 in a research note on Friday, December 18th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $33.00.

In related news, CEO John Mcclain Holmes III sold 29,098 shares of the stock in a transaction dated Monday, December 21st. The shares were sold at an average price of $34.71, for a total transaction of $1,009,991.58. Following the completion of the transaction, the chief executive officer now owns 128,798 shares in the company, valued at $4,470,578.58. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director David P. Storch sold 29,793 shares of the stock in a transaction dated Tuesday, January 12th. The shares were sold at an average price of $38.91, for a total transaction of $1,159,245.63. Following the transaction, the director now owns 246,390 shares of the company’s stock, valued at approximately $9,587,034.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,591 shares of company stock valued at $2,271,918. 8.25% of the stock is owned by company insiders.

NYSE AIR opened at $41.07 on Tuesday. AAR Corp. has a 1 year low of $8.56 and a 1 year high of $44.53. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.55 and a quick ratio of 1.12. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of -68.45 and a beta of 1.84. The company has a fifty day moving average price of $37.44 and a 200-day moving average price of $27.46.

AAR (NYSE:AIR) last posted its earnings results on Wednesday, December 16th. The aerospace company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.14. The firm had revenue of $403.60 million during the quarter, compared to analyst estimates of $409.42 million. AAR had a negative net margin of 1.16% and a positive return on equity of 5.46%. The business’s revenue was down 28.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.64 EPS. On average, research analysts anticipate that AAR Corp. will post 1.13 EPS for the current fiscal year.

AAR Company Profile

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The company operates in two segments, Aviation Services and Expeditionary Services. The Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services.

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Institutional Ownership by Quarter for AAR (NYSE:AIR)

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