AAR Corp. (NYSE:AIR) Shares Acquired by New England Research & Management Inc.

New England Research & Management Inc. grew its holdings in AAR Corp. (NYSE:AIR) by 59.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,300 shares of the aerospace company’s stock after purchasing an additional 10,150 shares during the quarter. New England Research & Management Inc.’s holdings in AAR were worth $1,634,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of AIR. GAMMA Investing LLC acquired a new stake in shares of AAR in the fourth quarter valued at approximately $27,000. DekaBank Deutsche Girozentrale acquired a new stake in AAR during the third quarter worth approximately $33,000. Psagot Value Holdings Ltd. Israel boosted its position in AAR by 737.1% during the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 1,105 shares of the aerospace company’s stock worth $69,000 after acquiring an additional 973 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in AAR during the third quarter worth approximately $200,000. Finally, Raymond James & Associates acquired a new stake in AAR during the fourth quarter worth approximately $290,000. 90.74% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other AAR news, SVP Christopher A. Jessup sold 15,929 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $70.09, for a total transaction of $1,116,463.61. Following the transaction, the senior vice president now owns 51,803 shares of the company’s stock, valued at $3,630,872.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, SVP Christopher A. Jessup sold 14,973 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $70.05, for a total value of $1,048,858.65. Following the transaction, the senior vice president now owns 51,803 shares of the company’s stock, valued at approximately $3,628,800.15. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Christopher A. Jessup sold 15,929 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $70.09, for a total transaction of $1,116,463.61. Following the completion of the transaction, the senior vice president now directly owns 51,803 shares in the company, valued at approximately $3,630,872.27. The disclosure for this sale can be found here. Insiders have sold a total of 100,770 shares of company stock valued at $6,387,031 over the last quarter. Company insiders own 4.30% of the company’s stock.

AAR Stock Performance

NYSE:AIR opened at $72.70 on Friday. The company has a quick ratio of 1.33, a current ratio of 2.90 and a debt-to-equity ratio of 0.24. The company has a market cap of $2.58 billion, a P/E ratio of 42.76 and a beta of 1.59. AAR Corp. has a fifty-two week low of $55.00 and a fifty-two week high of $73.95. The firm’s 50 day moving average is $69.93 and its two-hundred day moving average is $65.34.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and set a $80.00 target price on shares of AAR in a research report on Friday, May 24th. Benchmark raised their target price on shares of AAR from $65.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Finally, Stifel Nicolaus raised their target price on shares of AAR from $81.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, AAR presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.50.

AAR Profile

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. It operates through Aviation Services and Expeditionary Services segments. The Aviation Services segment engages in lease and sale of new, overhauled and repaired engine, and airframe parts and components, as well as aircrafts; and offers customized flight hour component inventory and repair, warranty claim management, and outsourcing programs for engine and airframe parts and components.