Exchange Traded Concepts LLC purchased a new position in shares of AAR Corp. (NYSE:AIR – Get Rating) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 782 shares of the aerospace company's stock, valued at approximately $35,000.

Other large investors also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in shares of AAR during the 1st quarter worth $26,000. Romano Brothers AND Company purchased a new position in shares of AAR during the 4th quarter worth $33,000. Point72 Hong Kong Ltd purchased a new position in shares of AAR during the 1st quarter worth $44,000. Nisa Investment Advisors LLC purchased a new position in shares of AAR during the 3rd quarter worth $67,000. Finally, Captrust Financial Advisors lifted its stake in shares of AAR by 11.3% during the 2nd quarter. Captrust Financial Advisors now owns 3,625 shares of the aerospace company's stock worth $152,000 after purchasing an additional 369 shares during the period. Hedge funds and other institutional investors own 94.30% of the company's stock.

AAR Trading Up 0.4 %

Shares of AIR opened at $54.55 on Wednesday. The stock's fifty day simple moving average is $53.80 and its 200 day simple moving average is $48.17. The company has a current ratio of 3.22, a quick ratio of 1.50 and a debt-to-equity ratio of 0.17. AAR Corp. has a twelve month low of $33.75 and a twelve month high of $56.86. The firm has a market capitalization of $1.89 billion, a P/E ratio of 21.39 and a beta of 1.59.

AAR (NYSE:AIR – Get Rating) last released its quarterly earnings data on Tuesday, March 21st. The aerospace company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.68 by $0.07. AAR had a return on equity of 9.46% and a net margin of 4.75%. The company had revenue of $521.10 million for the quarter, compared to analyst estimates of $487.41 million. During the same period last year, the company posted $0.63 earnings per share. The firm's revenue was up 15.2% compared to the same quarter last year. On average, equities research analysts forecast that AAR Corp. will post 2.85 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on AIR shares. Royal Bank of Canada increased their price target on AAR from $55.00 to $58.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 22nd. StockNews.com started coverage on AAR in a research report on Thursday, March 16th. They issued a "hold" rating on the stock. Truist Financial increased their target price on AAR from $57.00 to $60.00 and gave the stock a "buy" rating in a research report on Wednesday, March 22nd. Finally, Benchmark increased their target price on AAR from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Wednesday, March 22nd. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $57.67.

Insider Buying and Selling at AAR

In other news, VP Christopher A. Jessup sold 11,959 shares of the firm's stock in a transaction dated Monday, March 27th. The stock was sold at an average price of $55.02, for a total transaction of $657,984.18. Following the completion of the sale, the vice president now directly owns 44,691 shares in the company, valued at $2,458,898.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Christopher A. Jessup sold 11,959 shares of the firm's stock in a transaction dated Monday, March 27th. The stock was sold at an average price of $55.02, for a total transaction of $657,984.18. Following the completion of the sale, the vice president now directly owns 44,691 shares in the company, valued at $2,458,898.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John Mcclain Holmes III sold 14,233 shares of the firm's stock in a transaction dated Friday, January 20th. The shares were sold at an average price of $48.03, for a total value of $683,610.99. Following the sale, the chief executive officer now owns 268,611 shares of the company's stock, valued at $12,901,386.33. The disclosure for this sale can be found here. Insiders have sold 150,964 shares of company stock valued at $8,073,437 over the last three months. 7.74% of the stock is owned by company insiders.

About AAR

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AAR Corp. engages in the provision of products and services to commercial aviation and government and defense industries. It operates through the following segments: Aviation Services and Expeditionary Services. The Aviation Services segment consists of aftermarket support and services businesses that provide spares and maintenance support for aircraft operated by commercial and government/defense customers.

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