AAR Corp. (NYSE:AIR) Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund increased its stake in shares of AAR Corp. (NYSE:AIR) by 11.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,495 shares of the aerospace company’s stock after buying an additional 1,957 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.05% of AAR worth $1,195,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AIR. Louisiana State Employees Retirement System grew its stake in AAR by 1.8% during the 3rd quarter. Louisiana State Employees Retirement System now owns 17,000 shares of the aerospace company’s stock worth $1,111,000 after buying an additional 300 shares during the last quarter. State of Alaska Department of Revenue grew its stake in AAR by 3.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 20,094 shares of the aerospace company’s stock worth $1,313,000 after buying an additional 653 shares during the last quarter. Emerald Advisers LLC grew its stake in AAR by 1.3% during the 3rd quarter. Emerald Advisers LLC now owns 491,406 shares of the aerospace company’s stock worth $32,118,000 after buying an additional 6,399 shares during the last quarter. Amalgamated Bank grew its stake in AAR by 1.7% during the 3rd quarter. Amalgamated Bank now owns 10,319 shares of the aerospace company’s stock worth $674,000 after buying an additional 177 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in AAR by 18.5% during the 3rd quarter. Principal Financial Group Inc. now owns 500,200 shares of the aerospace company’s stock worth $32,693,000 after buying an additional 77,974 shares during the last quarter. 90.74% of the stock is currently owned by institutional investors.

Insider Activity at AAR

In related news, CAO Jessica A. Garascia sold 1,500 shares of the firm’s 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 of the company’s stock, valued at $2,513,098.50. This trade represents a 3.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Sean M. Gillen sold 17,385 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $66.33, for a total value of $1,153,147.05. Following the transaction, the chief financial officer now directly owns 72,326 shares of the company’s stock, valued at $4,797,383.58. This represents a 19.38 % decrease in their position. 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 90 days. 4.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on AIR. StockNews.com downgraded AAR from a “hold” rating to a “sell” rating in a research note on Wednesday, February 5th. KeyCorp started coverage on AAR in a research note on Thursday, January 16th. They issued an “overweight” rating and a $83.00 price target for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $75.00 price target on shares of AAR in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, AAR has a consensus rating of “Moderate Buy” and a consensus target price of $81.50.

AAR Trading Up 0.1 %

NYSE:AIR opened at $64.88 on Friday. The business has a fifty day moving average of $65.94 and a 200-day moving average of $65.17. AAR Corp. has a 1 year low of $54.71 and a 1 year high of $76.34. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 231.72 and a beta of 1.61. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.27 and a current ratio of 2.68.

AAR (NYSE:AIR) last announced its earnings results on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share for the quarter, beating 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 business had revenue of $686.10 million during the quarter, compared to analysts’ expectations of $654.47 million. During the same quarter last year, the business posted $0.81 earnings per share. The company’s quarterly revenue was up 25.8% on a year-over-year basis. Equities analysts predict that AAR Corp. will post 3.77 earnings per share for the current 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.