Toth Financial Advisory Corp Boosts Holdings in AAR Corp. (NYSE:AIR)

Toth Financial Advisory Corp raised its holdings in shares of AAR Corp. (NYSE:AIR) by 133.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,400 shares of the aerospace company’s stock after acquiring an additional 800 shares during the period. Toth Financial Advisory Corp’s holdings in AAR were worth $86,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. National Bank of Canada FI purchased a new stake in shares of AAR in the 3rd quarter worth $25,000. EverSource Wealth Advisors LLC increased its position in AAR by 43.0% in the second quarter. EverSource Wealth Advisors LLC now owns 778 shares of the aerospace company’s stock worth $57,000 after buying an additional 234 shares in the last quarter. KBC Group NV raised its stake in shares of AAR by 32.9% in the third quarter. KBC Group NV now owns 1,324 shares of the aerospace company’s stock worth $87,000 after buying an additional 328 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of AAR by 52.1% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,711 shares of the aerospace company’s stock valued at $166,000 after buying an additional 929 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. bought a new position in shares of AAR during the 4th quarter valued at approximately $203,000. 90.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AIR shares. Royal Bank of Canada restated an “outperform” rating and set a $75.00 target price on shares of AAR in a research note on Monday, November 4th. KeyCorp started coverage on shares of AAR in a research report on Thursday, January 16th. They set an “overweight” rating and a $83.00 price objective on the stock. Benchmark reaffirmed a “buy” rating and issued a $83.00 target price on shares of AAR in a report on Friday, October 4th. Finally, StockNews.com raised AAR from a “sell” rating to a “hold” rating in a report on Friday, January 17th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $81.50.

AAR Stock Performance

AIR opened at $70.49 on Friday. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 251.77 and a beta of 1.61. AAR Corp. has a fifty-two week low of $54.71 and a fifty-two week high of $76.34. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.27 and a current ratio of 2.68. The company has a fifty day moving average of $66.13 and a 200 day moving average of $65.14.

AAR (NYSE:AIR) last issued its earnings results on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.07. AAR had a return on equity of 10.46% and a net margin of 0.41%. The firm had revenue of $686.10 million for the quarter, compared to analysts’ expectations of $654.47 million. During the same period in the previous year, the firm posted $0.81 earnings per share. The business’s revenue was up 25.8% compared to the same quarter last year. As a group, sell-side analysts forecast that AAR Corp. will post 3.77 earnings per share for the current fiscal year.

Insider Transactions at AAR

In related news, CAO Jessica A. Garascia sold 1,500 shares of the company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $66.90, for a total transaction of $100,350.00. Following the sale, the chief accounting officer now owns 37,565 shares of the company’s stock, valued at $2,513,098.50. This represents a 3.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Christopher A. Jessup sold 33,481 shares of AAR stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $70.40, for a total transaction of $2,357,062.40. Following the completion of the transaction, the senior vice president now directly owns 63,209 shares of the company’s stock, valued at $4,449,913.60. The trade was a 34.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 185,793 shares of company stock valued at $12,538,396 in the last ninety days. Corporate insiders own 4.10% of the company’s stock.

About AAR

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.