63,217 Shares in AAR Corp. $AIR Acquired by De Lisle Partners LLP

De Lisle Partners LLP bought a new position in AAR Corp. (NYSE:AIR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 63,217 shares of the aerospace company’s stock, valued at approximately $5,238,000. De Lisle Partners LLP owned approximately 0.16% of AAR at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in AAR by 61.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 91,520 shares of the aerospace company’s stock worth $8,207,000 after acquiring an additional 34,689 shares in the last quarter. Prescott Group Capital Management L.L.C. purchased a new stake in AAR in the 3rd quarter worth approximately $1,793,000. Vanguard Group Inc. boosted its stake in AAR by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 4,061,230 shares of the aerospace company’s stock worth $336,229,000 after purchasing an additional 281,871 shares during the period. Intech Investment Management LLC boosted its stake in AAR by 480.4% in the 3rd quarter. Intech Investment Management LLC now owns 155,987 shares of the aerospace company’s stock worth $13,987,000 after purchasing an additional 129,113 shares during the period. Finally, First Eagle Investment Management LLC boosted its stake in AAR by 22.5% in the 4th quarter. First Eagle Investment Management LLC now owns 61,619 shares of the aerospace company’s stock worth $5,101,000 after purchasing an additional 11,300 shares during the period. 90.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. KeyCorp upped their price target on AAR from $120.00 to $132.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. Royal Bank Of Canada upped their price target on AAR from $105.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 25th. Weiss Ratings downgraded AAR from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Zacks Research downgraded AAR from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Jefferies Financial Group upped their price target on AAR to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, March 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $131.20.

Insider Transactions at AAR

In related news, CEO John Mcclain Holmes III sold 26,175 shares of the firm’s stock in a transaction on Friday, March 27th. The stock was sold at an average price of $107.60, for a total value of $2,816,430.00. Following the completion of the sale, the chief executive officer directly owned 235,064 shares in the company, valued at $25,292,886.40. This trade represents a 10.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.60% of the stock is currently owned by corporate insiders.

AAR Trading Up 1.3%

AIR opened at $128.88 on Friday. The firm has a market cap of $5.12 billion, a P/E ratio of 28.58 and a beta of 1.13. AAR Corp. has a 12 month low of $66.68 and a 12 month high of $130.00. 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 stock has a 50-day moving average of $114.25 and a 200 day moving average of $105.00.

AAR (NYSE:AIR) last released its quarterly earnings results on Tuesday, March 24th. The aerospace company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.21 by $0.04. The company had revenue of $845.10 million during the quarter, compared to analyst estimates of $812.58 million. AAR had a return on equity of 12.39% and a net margin of 5.46%.The firm’s revenue was up 24.6% on a year-over-year basis. During the same quarter last year, the business posted $0.99 earnings per share. As a group, research analysts forecast that AAR Corp. will post 4.97 EPS for the current year.

About AAR

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.