Charles Schwab Investment Management Inc. Raises Holdings in AAR Corp. (NYSE:AIR)

Charles Schwab Investment Management Inc. boosted its position in AAR Corp. (NYSE:AIR) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 538,125 shares of the aerospace company’s stock after purchasing an additional 19,863 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in AAR were worth $32,976,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. National Bank of Canada FI purchased a new position in shares of AAR in the third quarter worth about $25,000. Smartleaf Asset Management LLC lifted its stake in AAR by 124.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the aerospace company’s stock worth $62,000 after purchasing an additional 561 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of AAR by 1,965.6% during the 4th quarter. Venturi Wealth Management LLC now owns 1,322 shares of the aerospace company’s stock worth $81,000 after purchasing an additional 1,258 shares during the last quarter. Toth Financial Advisory Corp grew its position in shares of AAR by 133.3% in the fourth quarter. Toth Financial Advisory Corp now owns 1,400 shares of the aerospace company’s stock valued at $86,000 after purchasing an additional 800 shares in the last quarter. Finally, KBC Group NV increased its holdings 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 valued at $87,000 after purchasing an additional 328 shares during the last quarter. Hedge funds and other institutional investors own 90.74% of the company’s stock.

Insiders Place Their Bets

In other AAR news, CAO Jessica A. Garascia sold 1,500 shares of the stock in a transaction that occurred 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 directly owns 37,565 shares in the company, valued at $2,513,098.50. This represents a 3.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Sean M. Gillen sold 17,385 shares of the 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 completion of the sale, the chief financial officer now directly owns 72,326 shares in the company, 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 a total of 185,793 shares of company stock valued at $12,538,396 over the last 90 days. 4.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

AIR has been the topic of a number of recent research reports. StockNews.com lowered AAR from a “hold” rating to a “sell” rating in a research note on Wednesday, February 5th. 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 target on the stock. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.50.

AAR Trading Up 1.5 %

Shares of AAR stock opened at $67.18 on Monday. The stock has a 50 day moving average of $66.69 and a 200 day moving average of $65.29. 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 firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 239.95 and a beta of 1.58. AAR Corp. has a fifty-two week low of $54.71 and a fifty-two week high of $76.34.

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

AAR 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.