Callan Family Office LLC Purchases Shares of 3,276 AAR Corp. (NYSE:AIR)

Callan Family Office LLC purchased a new stake in AAR Corp. (NYSE:AIR) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 3,276 shares of the aerospace company’s stock, valued at approximately $201,000.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in shares of AAR by 18.5% in the 3rd quarter. Principal Financial Group Inc. now owns 500,200 shares of the aerospace company’s stock valued at $32,693,000 after buying an additional 77,974 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of AAR by 9.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 40,737 shares of the aerospace company’s stock valued at $2,663,000 after purchasing an additional 3,612 shares during the period. SG Americas Securities LLC acquired a new position in shares of AAR in the 4th quarter valued at about $1,539,000. Shelton Wealth Management LLC acquired a new position in shares of AAR in the 4th quarter valued at about $1,068,000. Finally, Barclays PLC lifted 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 purchasing an additional 48,298 shares during the period. Institutional investors own 90.74% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. StockNews.com downgraded AAR from a “hold” rating to a “sell” rating in a research note on Wednesday, February 5th. KeyCorp assumed coverage on AAR in a research note on Thursday, January 16th. They issued an “overweight” rating and a $83.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $81.50.

Insider Buying and Selling

In other news, SVP Christopher A. Jessup sold 33,481 shares of the stock in a transaction that occurred on 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 completion of the sale, the senior vice president now directly owns 63,209 shares of the company’s stock, valued at $4,449,913.60. This represents a 34.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John Mcclain Holmes III sold 5,000 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $70.81, for a total value of $354,050.00. Following the completion of the sale, the chief executive officer now directly owns 341,680 shares of the company’s stock, valued at approximately $24,194,360.80. This trade represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 185,793 shares of company stock valued at $12,538,396. 4.10% of the stock is owned by company insiders.

AAR Stock Up 2.2 %

AIR stock opened at $65.51 on Wednesday. The stock’s 50 day simple moving average is $66.32 and its 200 day simple moving average is $65.24. 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 market cap of $2.35 billion, a P/E ratio of 233.95 and a beta of 1.58.

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

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.