6 days Ago By ABMN Staff
Geode Capital Management LLC lifted its holdings in AAR Corp. ( NYSE:AIR – Free Report ) by 0.4% in the fourth quarter, HoldingsChannel.
com reports. The institutional investor owned 799,766 shares of the aerospace company’s stock after purchasing an additional 2,804 shares during the quarter. Geode Capital Management LLC’s holdings in AAR were worth $49,020,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in shares of AAR by 9.
7% in the third quarter. JPMorgan Chase & Co. now owns 40,737 shares of the aerospace company’s stock worth $2,663,000 after acquiring an additional 3,612 shares during the last quarter.
SG Americas Securities LLC bought a new position in AAR in the 4th quarter worth approximately $1,539,000. Charles Schwab Investment Management Inc. lifted its holdings in AAR by 3.
8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 538,125 shares of the aerospace company’s stock worth $32,976,000 after buying an additional 19,863 shares in the last quarter.
Shelton Wealth Management LLC bought a new position in AAR in the 4th quarter valued at $1,068,000. Finally, Barclays PLC increased its stake in shares of AAR by 269.4% in the 3rd quarter.
Barclays PLC now owns 66,223 shares of the aerospace company’s stock valued at $4,328,000 after buying an additional 48,298 shares during the period. Institutional investors and hedge funds own 90.74% of the company’s stock.
Insider Buying and Selling at AAR In other AAR news, SVP Christopher A. Jessup sold 33,481 shares of AAR stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $70.
40, for a total value of $2,357,062.40. Following the sale, the senior vice president now owns 63,209 shares of the company’s stock, valued at $4,449,913.
60. This trade represents a 34.63 % decrease in their position.
The transaction was disclosed in a document filed with the SEC, which is available through the SEC website . Also, CEO John Mcclain Holmes III sold 5,000 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $70.
81, for a total value of $354,050.00. Following the transaction, the chief executive officer now directly owns 341,680 shares of the company’s stock, valued at $24,194,360.
80. This represents a 1.44 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Insiders own 4.10% of the company’s stock.
AAR Stock Performance AAR ( NYSE:AIR – Get Free Report ) last posted its earnings results on Thursday, March 27th. The aerospace company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.
96 by $0.03. AAR had a net margin of 0.
41% and a return on equity of 10.46%. The company had revenue of $678.
20 million for the quarter, compared to analyst estimates of $699.13 million. During the same period last year, the business posted $0.
85 earnings per share. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year.
As a group, sell-side analysts expect that AAR Corp. will post 3.77 earnings per share for the current year.
Wall Street Analyst Weigh In Several equities analysts have recently issued reports on AIR shares. StockNews.com lowered AAR from a “hold” rating to a “sell” rating in a research note on Tuesday, April 8th.
KeyCorp cut their target price on shares of AAR from $83.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 2nd.
Finally, Truist Financial lowered their price target on shares of AAR from $81.00 to $78.00 and set a “buy” rating for the company in a research report on Friday, March 28th.
One analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $80.
20. Read Our Latest Report on AIR About AAR ( Free Report ) AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide.
The Parts Supply segment leases and sells aircraft components and replacement parts. The Repair & Engineering segment provides airframe maintenance services, such as airframe inspection, painting, line maintenance, airframe modification, structural repair, avionics service and installation, exterior and interior refurbishment, and engineering and support services; component repair services comprising maintenance, repair, and overhaul (MRO) services, engine and airframe accessories, and interior refurbishment; and landing gear overhaul services, including repair services on wheels and brakes. See Also Want to see what other hedge funds are holding AIR? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for AAR Corp. ( NYSE:AIR – Free Report ). Receive News & Ratings for AAR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AAR and related companies with MarketBeat.
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