AAR Corp. (NYSE:AIR) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. trimmed its position in AAR Corp. (NYSE:AIR) by 5.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,151 shares of the aerospace company’s stock after selling 3,598 shares during the quarter. Stanley Laman Group Ltd. owned approximately 0.18% of AAR worth $4,065,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AIR. Emerald Advisers LLC raised its stake in AAR by 4,275.8% in the third quarter. Emerald Advisers LLC now owns 401,440 shares of the aerospace company’s stock valued at $23,898,000 after buying an additional 392,266 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its position in shares of AAR by 358.5% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 325,446 shares of the aerospace company’s stock worth $19,374,000 after acquiring an additional 254,470 shares in the last quarter. Wellington Management Group LLP purchased a new stake in AAR during the third quarter worth approximately $11,029,000. Fred Alger Management LLC acquired a new position in AAR in the third quarter valued at approximately $9,920,000. Finally, Lord Abbett & CO. LLC increased its stake in AAR by 90.4% in the third quarter. Lord Abbett & CO. LLC now owns 217,463 shares of the aerospace company’s stock valued at $12,946,000 after purchasing an additional 103,228 shares during the last quarter. 90.74% of the stock is owned by hedge funds and other institutional investors.

AAR Stock Performance

NYSE AIR traded down $0.53 during trading on Thursday, reaching $67.40. The company’s stock had a trading volume of 363,662 shares, compared to its average volume of 348,727. The business’s fifty day moving average price is $63.61 and its 200-day moving average price is $63.28. AAR Corp. has a twelve month low of $50.06 and a twelve month high of $73.95. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 2.90. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 39.66 and a beta of 1.67.

AAR (NYSE:AIR) last issued its quarterly earnings results on Thursday, March 21st. The aerospace company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.01. AAR had a return on equity of 10.17% and a net margin of 2.73%. As a group, analysts anticipate that AAR Corp. will post 3.3 EPS for the current fiscal year.

Insider Activity

In related news, CAO Jessica A. Garascia sold 7,352 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $63.37, for a total transaction of $465,896.24. Following the completion of the sale, the chief accounting officer now directly owns 28,165 shares of the company’s stock, valued at $1,784,816.05. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CAO Jessica A. Garascia sold 7,352 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $63.37, for a total value of $465,896.24. Following the completion of the sale, the chief accounting officer now owns 28,165 shares in the company, valued at $1,784,816.05. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO John Mcclain Holmes III sold 29,250 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $60.21, for a total value of $1,761,142.50. Following the transaction, the chief executive officer now owns 303,621 shares in the company, valued at approximately $18,281,020.41. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 64,747 shares of company stock valued at $3,858,323. Company insiders own 4.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AIR. Royal Bank of Canada restated an “outperform” rating and issued a $80.00 target price on shares of AAR in a report on Friday, March 22nd. William Blair began coverage on AAR in a research report on Monday, January 29th. They set an “outperform” rating on the stock. Finally, Benchmark upped their target price on AAR from $65.00 to $83.00 and gave the company a “buy” rating in a research report on Monday, April 15th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $81.25.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. It operates through Aviation Services and Expeditionary Services segments. The Aviation Services segment engages in lease and sale of new, overhauled and repaired engine, and airframe parts and components, as well as aircrafts; and offers customized flight hour component inventory and repair, warranty claim management, and outsourcing programs for engine and airframe parts and components.