Earnest Partners LLC Has $127.64 Million Holdings in AAR Corp. $AIR

Earnest Partners LLC cut its holdings in shares of AAR Corp. (NYSE:AIR) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,423,396 shares of the aerospace company’s stock after selling 72,189 shares during the period. Earnest Partners LLC owned about 3.64% of AAR worth $127,636,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of AIR. Optiver Holding B.V. acquired a new position in AAR in the third quarter worth $31,000. Salomon & Ludwin LLC acquired a new position in shares of AAR during the third quarter worth approximately $30,000. Osterweis Capital Management Inc. acquired a new position in shares of AAR during the second quarter worth approximately $26,000. Westfuller Advisors LLC bought a new stake in shares of AAR during the third quarter valued at approximately $39,000. Finally, Banque Cantonale Vaudoise bought a new stake in shares of AAR during the third quarter valued at approximately $46,000. Institutional investors own 90.74% of the company’s stock.

Insider Buying and Selling

In other AAR news, CEO John Mcclain Holmes III sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $108.44, for a total transaction of $1,084,400.00. Following the transaction, the chief executive officer owned 237,064 shares in the company, valued at approximately $25,707,220.16. This trade represents a 4.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Christopher A. Jessup sold 23,621 shares of the business’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $97.05, for a total value of $2,292,418.05. Following the transaction, the senior vice president owned 65,769 shares of the company’s stock, valued at $6,382,881.45. The trade was a 26.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 128,984 shares of company stock worth $12,517,090. Company insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

AIR has been the subject of several research analyst reports. Truist Financial restated a “buy” rating and issued a $128.00 price objective (up from $107.00) on shares of AAR in a research report on Friday, March 6th. Jefferies Financial Group increased their price objective on AAR to $135.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. KeyCorp lifted their target price on AAR from $93.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AAR in a research note on Monday, December 29th. Finally, Royal Bank Of Canada raised their price target on AAR from $90.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, AAR has a consensus rating of “Moderate Buy” and an average target price of $119.60.

AAR Price Performance

Shares of AIR stock opened at $101.92 on Friday. AAR Corp. has a 52-week low of $46.51 and a 52-week high of $121.64. The stock has a market cap of $4.03 billion, a PE ratio of 39.97 and a beta of 1.19. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.31 and a current ratio of 2.84. The firm’s 50 day moving average price is $108.04 and its two-hundred day moving average price is $90.72.

AAR (NYSE:AIR) last issued its earnings results on Tuesday, January 6th. The aerospace company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.02 by $0.16. The company had revenue of $795.30 million during the quarter, compared to analysts’ expectations of $760.95 million. AAR had a net margin of 3.17% and a return on equity of 12.40%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 EPS. As a group, analysts forecast that AAR Corp. will post 3.77 EPS for the current year.

AAR Company Profile

AAR Corp. (NYSE: AIR) is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.

In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.