Sei Investments Co. Has $15.61 Million Position in AAR Corp. (NYSE:AIR)

Sei Investments Co. decreased its position in shares of AAR Corp. (NYSE:AIR) by 13.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 254,653 shares of the aerospace company’s stock after selling 40,940 shares during the quarter. Sei Investments Co. owned approximately 0.71% of AAR worth $15,605,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AIR. American Century Companies Inc. lifted its stake in shares of AAR by 2.4% during the fourth quarter. American Century Companies Inc. now owns 893,822 shares of the aerospace company’s stock valued at $54,773,000 after acquiring an additional 20,794 shares during the period. Boston Partners raised its holdings in AAR by 19.1% during the 4th quarter. Boston Partners now owns 53,938 shares of the aerospace company’s stock worth $3,305,000 after purchasing an additional 8,641 shares during the last quarter. Intech Investment Management LLC lifted its position in AAR by 56.7% during the 4th quarter. Intech Investment Management LLC now owns 23,646 shares of the aerospace company’s stock valued at $1,449,000 after purchasing an additional 8,559 shares during the period. Cibc World Markets Corp bought a new position in shares of AAR in the 4th quarter valued at about $200,000. Finally, Royce & Associates LP grew its position in shares of AAR by 8.1% during the 4th quarter. Royce & Associates LP now owns 263,180 shares of the aerospace company’s stock worth $16,128,000 after buying an additional 19,620 shares during the period. 90.74% of the stock is currently owned by institutional investors.

AAR Stock Down 16.4 %

NYSE:AIR opened at $57.14 on Friday. AAR Corp. has a 1 year low of $54.71 and a 1 year high of $76.34. The stock has a 50-day moving average price of $66.69 and a two-hundred day moving average price of $65.43. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 204.08 and a beta of 1.58. The company has a current ratio of 2.68, a quick ratio of 1.27 and a debt-to-equity ratio of 0.84.

AAR (NYSE:AIR) last issued its quarterly earnings data on Thursday, March 27th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.03. The business had revenue of $678.20 million during the quarter, compared to analyst estimates of $699.13 million. AAR had a return on equity of 10.46% and a net margin of 0.41%. AAR’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.85 EPS. As a group, equities analysts expect that AAR Corp. will post 3.77 earnings per share for the current year.

Insider Transactions at AAR

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AIR. KeyCorp assumed coverage on shares of AAR in a report on Thursday, January 16th. They issued an “overweight” rating and a $83.00 price objective on the stock. StockNews.com cut AAR from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Truist Financial decreased their target price on AAR from $81.00 to $78.00 and set a “buy” rating for the company in a research report on Friday. One analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $80.80.

AAR Company Profile

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.