Wisconsin Capital Management LLC Buys 5,564 Shares of AAR Corp. $AIR

Wisconsin Capital Management LLC raised its stake in AAR Corp. (NYSE:AIR) by 8.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,385 shares of the aerospace company’s stock after purchasing an additional 5,564 shares during the period. AAR accounts for 3.0% of Wisconsin Capital Management LLC’s holdings, making the stock its 12th biggest holding. Wisconsin Capital Management LLC’s holdings in AAR were worth $5,993,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of AAR by 61.0% in the third quarter. JPMorgan Chase & Co. now owns 91,520 shares of the aerospace company’s stock valued at $8,207,000 after purchasing an additional 34,689 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of AAR by 35.2% in the third quarter. Principal Financial Group Inc. now owns 640,707 shares of the aerospace company’s stock valued at $57,452,000 after purchasing an additional 166,903 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of AAR in the third quarter valued at about $1,042,000. Prescott Group Capital Management L.L.C. purchased a new stake in shares of AAR in the third quarter valued at about $1,793,000. Finally, Emerald Mutual Fund Advisers Trust lifted its holdings in shares of AAR by 8.7% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 211,132 shares of the aerospace company’s stock valued at $18,932,000 after purchasing an additional 16,892 shares in the last quarter. 90.74% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO John Mcclain Holmes III sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, March 26th. The shares were sold at an average price of $112.41, for a total transaction of $6,744,600.00. Following the transaction, the chief executive officer owned 235,064 shares of the company’s stock, valued at approximately $26,423,544.24. This represents a 20.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.60% of the company’s stock.

AAR Stock Performance

Shares of AIR opened at $104.61 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.23 and a current ratio of 2.70. The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of 23.19 and a beta of 1.14. The company’s 50 day simple moving average is $112.11 and its 200 day simple moving average is $100.78. AAR Corp. has a 1 year low of $58.83 and a 1 year high of $127.21.

AAR (NYSE:AIR) last announced its quarterly earnings data on Tuesday, March 24th. The aerospace company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.04. The business had revenue of $845.10 million for the quarter, compared to the consensus estimate of $812.58 million. AAR had a net margin of 5.46% and a return on equity of 12.39%. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.99 earnings per share. On average, sell-side analysts predict that AAR Corp. will post 4.97 EPS for the current year.

Analysts Set New Price Targets

AIR has been the topic of several recent research reports. Weiss Ratings raised shares of AAR from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, March 27th. Truist Financial raised shares of AAR to a “strong-buy” rating in a report on Friday, May 1st. KeyCorp upped their price target on shares of AAR from $120.00 to $132.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Wall Street Zen downgraded shares of AAR from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Zacks Research downgraded shares of AAR from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, AAR currently has a consensus rating of “Moderate Buy” and an average price target of $131.20.

AAR Company Profile

AAR Corp. (NYSE: AIR) is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.

In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.