Wisconsin Capital Management LLC Has $5.99 Million Stock Position in AAR Corp. $AIR

Wisconsin Capital Management LLC raised its stake in AAR Corp. (NYSE:AIR) by 8.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,385 shares of the aerospace company’s stock after buying 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 largest holding. Wisconsin Capital Management LLC owned approximately 0.18% of AAR worth $5,993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Morse Asset Management Inc bought a new position in shares of AAR during the third quarter valued at $27,000. Danske Bank A S bought a new position in shares of AAR during the fourth quarter valued at $28,000. Optiver Holding B.V. bought a new position in shares of AAR during the third quarter valued at $31,000. NBC Securities Inc. bought a new position in shares of AAR during the fourth quarter valued at $28,000. Finally, Osterweis Capital Management Inc. bought a new position in shares of AAR during the second quarter valued at $26,000. Institutional investors and hedge funds own 90.74% of the company’s stock.

Insider Transactions at AAR

In related news, CEO John Mcclain Holmes III sold 60,000 shares of the business’s stock in a transaction on Thursday, March 26th. The shares were sold at an average price of $112.41, for a total value of $6,744,600.00. Following the transaction, the chief executive officer owned 235,064 shares in the company, valued at $26,423,544.24. The trade was a 20.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.60% of the stock is currently owned by insiders.

AAR Price Performance

AIR stock opened at $104.61 on Monday. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of 23.19 and a beta of 1.14. The company has a quick ratio of 1.23, a current ratio of 2.70 and a debt-to-equity ratio of 0.54. AAR Corp. has a 12-month low of $58.83 and a 12-month high of $127.21. The company’s fifty day simple moving average is $112.11 and its 200 day simple moving average is $100.78.

AAR (NYSE:AIR) last released its earnings results 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 analyst estimates of $812.58 million. AAR had a net margin of 5.46% and a return on equity of 12.39%. AAR’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.99 earnings per share. On average, analysts expect that AAR Corp. will post 4.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

AAR 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.