Nisa Investment Advisors LLC Reduces Stock Holdings in AAR Corp. (NYSE:AIR)

Nisa Investment Advisors LLC decreased its holdings in AAR Corp. (NYSE:AIR) by 20.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 793 shares of the aerospace company’s stock after selling 200 shares during the quarter. Nisa Investment Advisors LLC’s holdings in AAR were worth $49,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in AAR in the first quarter worth $26,000. DekaBank Deutsche Girozentrale purchased a new stake in AAR in the third quarter worth $33,000. Point72 Hong Kong Ltd purchased a new stake in AAR in the first quarter worth $44,000. Point72 Asset Management L.P. purchased a new stake in AAR in the second quarter worth $52,000. Finally, Exchange Traded Concepts LLC lifted its stake in AAR by 56.4% in the third quarter. Exchange Traded Concepts LLC now owns 957 shares of the aerospace company’s stock worth $57,000 after acquiring an additional 345 shares during the period. Hedge funds and other institutional investors own 90.74% of the company’s stock.

Wall Street Analysts Forecast Growth

AIR has been the subject of a number of research reports. Benchmark increased their price objective on AAR from $65.00 to $83.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $80.00 price objective on shares of AAR in a report on Friday, March 22nd. Finally, William Blair initiated coverage on AAR in a report on Monday, January 29th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $81.25.

Insider Activity

In other AAR news, CEO John Mcclain Holmes III sold 28,145 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $57.96, for a total value of $1,631,284.20. Following the completion of the transaction, the chief executive officer now owns 303,621 shares of the company’s stock, valued at approximately $17,597,873.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other AAR news, CAO Jessica A. Garascia sold 7,352 shares of the business’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $63.37, for a total value of $465,896.24. Following the completion of the transaction, the chief accounting officer now owns 28,165 shares of the company’s stock, valued at approximately $1,784,816.05. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO John Mcclain Holmes III sold 28,145 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $57.96, for a total value of $1,631,284.20. Following the completion of the transaction, the chief executive officer now directly owns 303,621 shares of the company’s stock, valued at approximately $17,597,873.16. The disclosure for this sale can be found here. Insiders sold 64,747 shares of company stock worth $3,858,323 over the last three months. 4.30% of the stock is currently owned by corporate insiders.

AAR Price Performance

Shares of NYSE:AIR opened at $64.12 on Monday. AAR Corp. has a 1-year low of $50.06 and a 1-year high of $73.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.90 and a quick ratio of 1.33. The business has a fifty day moving average price of $63.43 and a 200-day moving average price of $63.14. The company has a market capitalization of $2.27 billion, a PE ratio of 37.72 and a beta of 1.67.

AAR (NYSE:AIR) last issued its quarterly earnings results on Thursday, March 21st. The aerospace company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.01. AAR had a return on equity of 10.17% and a net margin of 2.73%. As a group, equities analysts expect that AAR Corp. will post 3.3 EPS for the current fiscal year.

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.