Dean Capital Management Purchases 5,974 Shares of AAR Corp. $AIR

Dean Capital Management raised its position in shares of AAR Corp. (NYSE:AIR) by 34.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,504 shares of the aerospace company’s stock after acquiring an additional 5,974 shares during the period. Dean Capital Management owned approximately 0.06% of AAR worth $1,946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Invesco Ltd. increased its position in AAR by 7.7% in the fourth quarter. Invesco Ltd. now owns 1,122,792 shares of the aerospace company’s stock worth $92,956,000 after purchasing an additional 80,265 shares during the last quarter. Corient Private Wealth LLC bought a new position in AAR during the fourth quarter valued at $239,000. Skyview Financial Group LLC bought a new position in AAR during the fourth quarter valued at $2,845,000. State of Tennessee Department of Treasury grew its stake in shares of AAR by 23.0% in the 4th quarter. State of Tennessee Department of Treasury now owns 15,902 shares of the aerospace company’s stock worth $1,317,000 after buying an additional 2,972 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its stake in shares of AAR by 22.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 672,877 shares of the aerospace company’s stock worth $55,707,000 after buying an additional 122,672 shares in the last quarter. 90.74% of the stock is currently owned by institutional investors.

Insider Transactions at AAR

In other AAR news, CEO John Mcclain Holmes III sold 26,175 shares of the business’s stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of $107.60, for a total transaction of $2,816,430.00. Following the completion of the transaction, the chief executive officer owned 235,064 shares in the company, valued at $25,292,886.40. The trade was 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 at this link. 3.60% of the stock is currently owned by insiders.

AAR Trading Up 2.4%

AIR stock opened at $135.35 on Friday. AAR Corp. has a twelve month low of $66.75 and a twelve month high of $135.48. The stock has a market capitalization of $5.38 billion, a price-to-earnings ratio of 30.01 and a beta of 1.13. The company has a quick ratio of 1.23, a current ratio of 2.70 and a debt-to-equity ratio of 0.54. The firm’s fifty day simple moving average is $115.89 and its two-hundred day simple moving average is $106.57.

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of AAR from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Zacks Research downgraded shares of AAR from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Royal Bank Of Canada lifted their price target on AAR from $105.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 25th. Weiss Ratings raised AAR from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Finally, Truist Financial upgraded AAR to a “strong-buy” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.