Harel Insurance Investments & Financial Services Ltd. Increases Stock Position in AAR Corp. (NYSE:AIR)

Harel Insurance Investments & Financial Services Ltd. raised its position in AAR Corp. (NYSE:AIR) by 52.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,711 shares of the aerospace company’s stock after purchasing an additional 929 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in AAR were worth $166,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. boosted its holdings in AAR by 18.5% in the 3rd quarter. Principal Financial Group Inc. now owns 500,200 shares of the aerospace company’s stock worth $32,693,000 after acquiring an additional 77,974 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of AAR by 9.7% in the third 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. Shelton Wealth Management LLC acquired a new stake in AAR during the 4th quarter valued at $1,068,000. Barclays PLC increased its stake in AAR by 269.4% during the 3rd quarter. Barclays PLC now owns 66,223 shares of the aerospace company’s stock worth $4,328,000 after buying an additional 48,298 shares during the period. Finally, Stifel Financial Corp lifted its holdings in AAR by 4.1% in the 3rd quarter. Stifel Financial Corp now owns 22,859 shares of the aerospace company’s stock worth $1,494,000 after buying an additional 893 shares in the last quarter. 90.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AIR has been the subject of several recent analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $75.00 target price on shares of AAR in a research note on Monday, November 4th. StockNews.com upgraded AAR from a “sell” rating to a “hold” rating in a research note on Friday, January 17th. KeyCorp assumed coverage on AAR in a research report on Thursday, January 16th. They issued an “overweight” rating and a $83.00 target price on the stock. Finally, Benchmark reiterated a “buy” rating and set a $83.00 target price on shares of AAR in a research note on Friday, October 4th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, AAR currently has an average rating of “Buy” and an average price target of $81.50.

Insider Transactions at AAR

In related news, CEO John Mcclain Holmes III sold 5,000 shares of the firm’s 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 sale, the chief executive officer now 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Sean M. Gillen sold 17,385 shares of the business’s stock in a transaction that occurred on 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 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. In the last three months, insiders have sold 185,793 shares of company stock worth $12,538,396. 4.10% of the stock is currently owned by insiders.

AAR Trading Up 0.2 %

NYSE:AIR opened at $70.49 on Friday. The company has a market cap of $2.53 billion, a PE ratio of 251.77 and a beta of 1.61. The business’s 50 day moving average is $66.13 and its two-hundred day moving average is $65.14. The company has a quick ratio of 1.27, a current ratio of 2.68 and a debt-to-equity ratio of 0.84. AAR Corp. has a 52 week low of $54.71 and a 52 week high of $76.34.

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

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.