Munro Partners Acquires New Shares in AAR Corp. $AIR

Munro Partners acquired a new stake in shares of AAR Corp. (NYSE:AIR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 108,295 shares of the aerospace company’s stock, valued at approximately $8,966,000. Munro Partners owned about 0.27% of AAR at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of AIR. Wellington Management Group LLP boosted its position in shares of AAR by 144.3% during the third quarter. Wellington Management Group LLP now owns 1,486,775 shares of the aerospace company’s stock valued at $133,319,000 after buying an additional 878,188 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of AAR by 297.4% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 594,668 shares of the aerospace company’s stock valued at $49,233,000 after buying an additional 445,026 shares during the last quarter. UBS Group AG boosted its position in shares of AAR by 709.2% during the third quarter. UBS Group AG now owns 488,239 shares of the aerospace company’s stock valued at $43,780,000 after buying an additional 427,906 shares during the last quarter. State Street Corp boosted its position in shares of AAR by 17.1% during the fourth quarter. State Street Corp now owns 2,320,927 shares of the aerospace company’s stock valued at $192,150,000 after buying an additional 339,595 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in AAR by 36.9% in the third quarter. Franklin Resources Inc. now owns 1,154,167 shares of the aerospace company’s stock worth $107,752,000 after purchasing an additional 311,258 shares during the last quarter. 90.74% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at AAR

In other news, CEO John Mcclain Holmes III sold 60,000 shares of AAR stock in a transaction dated Thursday, March 26th. The stock was sold at an average price of $112.41, for a total transaction of $6,744,600.00. Following the transaction, the chief executive officer directly owned 235,064 shares of the company’s stock, valued at $26,423,544.24. The trade was a 20.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.60% of the stock is currently owned by insiders.

AAR Stock Performance

AIR opened at $131.46 on Tuesday. AAR Corp. has a 12-month low of $66.68 and a 12-month high of $134.74. The company has a current ratio of 2.70, a quick ratio of 1.23 and a debt-to-equity ratio of 0.54. The company has a market cap of $5.23 billion, a price-to-earnings ratio of 29.15 and a beta of 1.13. The company’s 50 day moving average is $114.68 and its 200 day moving average is $105.52.

AAR (NYSE:AIR) last posted its quarterly earnings data on Tuesday, March 24th. The aerospace company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.04. AAR had a return on equity of 12.39% and a net margin of 5.46%.The firm had revenue of $845.10 million for the quarter, compared to analysts’ expectations of $812.58 million. During the same period in the previous year, the firm earned $0.99 EPS. The business’s quarterly revenue was up 24.6% on a year-over-year basis. On average, equities research analysts predict that AAR Corp. will post 4.97 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on AIR shares. Royal Bank Of Canada upped their price target on shares of AAR from $105.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, March 25th. Wall Street Zen downgraded shares of AAR from a “strong-buy” rating to a “buy” rating in a report on Sunday. Zacks Research downgraded shares of AAR from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. KeyCorp raised their price objective on shares of AAR from $120.00 to $132.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Finally, Truist Financial raised shares of AAR to a “strong-buy” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, AAR presently has an average rating of “Moderate Buy” and a consensus price target of $131.20.

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.