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

Stanley Laman Group Ltd. cut its holdings in AAR Corp. (NYSE:AIR) by 5.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 65,151 shares of the aerospace company’s stock after selling 3,598 shares during the quarter. Stanley Laman Group Ltd.’s holdings in AAR were worth $4,065,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC bought a new stake in shares of AAR in the 4th quarter worth approximately $27,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of AAR during the 3rd quarter valued at $33,000. Exchange Traded Concepts LLC boosted its stake in shares of AAR by 56.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 957 shares of the aerospace company’s stock worth $57,000 after acquiring an additional 345 shares in the last quarter. Harvest Fund Management Co. Ltd grew its holdings in shares of AAR by 592.4% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,184 shares of the aerospace company’s stock worth $70,000 after acquiring an additional 1,013 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new stake in shares of AAR during the third quarter valued at $109,000. 90.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Transactions at AAR

In other AAR news, CAO Jessica A. Garascia sold 7,352 shares of the business’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $63.37, for a total value of $465,896.24. Following the transaction, the chief accounting officer now owns 28,165 shares in the company, valued at $1,784,816.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO John Mcclain Holmes III sold 29,250 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $60.21, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jessica A. Garascia sold 7,352 shares of the company’s 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 owns 28,165 shares of the company’s stock, valued at $1,784,816.05. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 64,747 shares of company stock valued at $3,858,323. 4.30% of the stock is owned by insiders.

AAR Stock Down 0.8 %

NYSE:AIR traded down $0.53 on Thursday, hitting $67.40. 363,662 shares of the company’s stock traded hands, compared to its average volume of 348,727. The firm has a 50-day moving average price of $63.61 and a 200-day moving average price of $63.28. The company has a current ratio of 2.90, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24. The company has a market cap of $2.39 billion, a PE ratio of 39.66 and a beta of 1.67. AAR Corp. has a 1 year low of $50.06 and a 1 year high of $73.95.

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

AAR Company Profile

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.