WoodTrust Financial Corp Sells 12,256 Shares of AAR Corp. $AIR

WoodTrust Financial Corp trimmed its stake in shares of AAR Corp. (NYSE:AIR) by 66.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,250 shares of the aerospace company’s stock after selling 12,256 shares during the quarter. WoodTrust Financial Corp’s holdings in AAR were worth $560,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in AIR. Salomon & Ludwin LLC bought a new stake in shares of AAR during the third quarter valued at about $30,000. Osterweis Capital Management Inc. bought a new stake in AAR during the 2nd quarter worth approximately $26,000. Simplex Trading LLC purchased a new stake in AAR in the 2nd quarter worth approximately $103,000. Ethic Inc. bought a new position in AAR in the 3rd quarter valued at $206,000. Finally, Benjamin Edwards Inc. purchased a new position in shares of AAR during the 3rd quarter valued at $257,000. Institutional investors own 90.74% of the company’s stock.

AAR Stock Performance

Shares of NYSE:AIR opened at $105.12 on Friday. The company has a current ratio of 2.84, a quick ratio of 1.31 and a debt-to-equity ratio of 0.61. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 41.22 and a beta of 1.24. AAR Corp. has a 12 month low of $46.51 and a 12 month high of $107.05. The company has a 50-day moving average price of $85.30 and a 200-day moving average price of $80.69.

AAR (NYSE:AIR) last released its quarterly earnings results on Tuesday, January 6th. The aerospace company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. The business had revenue of $795.30 million during the quarter, compared to analyst estimates of $760.95 million. AAR had a return on equity of 12.40% and a net margin of 3.17%.AAR’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.90 EPS. As a group, equities analysts anticipate that AAR Corp. will post 3.77 EPS for the current year.

Insider Buying and Selling at AAR

In other news, SVP Christopher A. Jessup sold 23,621 shares of the firm’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $97.05, for a total value of $2,292,418.05. Following the completion of the sale, the senior vice president directly owned 65,769 shares of the company’s stock, valued at approximately $6,382,881.45. This trade represents a 26.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Jessica A. Garascia sold 4,787 shares of the business’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $95.25, for a total transaction of $455,961.75. Following the transaction, the chief accounting officer owned 29,557 shares in the company, valued at $2,815,304.25. This represents a 13.94% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 146,696 shares of company stock valued at $13,477,247. 3.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AIR has been the topic of a number of recent analyst reports. Royal Bank Of Canada increased their price objective on AAR from $90.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 7th. KeyCorp lifted their target price on shares of AAR from $93.00 to $109.00 and gave the company an “overweight” rating in a research report on Wednesday. Jefferies Financial Group set a $112.00 price objective on shares of AAR and gave the company a “buy” rating in a research report on Thursday. Truist Financial set a $107.00 price target on AAR in a research report on Friday, January 9th. Finally, Zacks Research raised shares of AAR from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, AAR currently has a consensus rating of “Buy” and a consensus target price of $108.25.

About AAR

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.