Hennion & Walsh Asset Management Inc. Has $835,000 Stake in AAR Corp. (NYSE:AIR)

Hennion & Walsh Asset Management Inc. raised its stake in AAR Corp. (NYSE:AIR) by 37.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,625 shares of the aerospace company’s stock after acquiring an additional 3,737 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in AAR were worth $835,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AIR. Amalgamated Bank lifted its position in shares of AAR by 1.7% during the third quarter. Amalgamated Bank now owns 10,319 shares of the aerospace company’s stock worth $674,000 after purchasing an additional 177 shares in the last quarter. Captrust Financial Advisors raised its position in shares of AAR by 5.3% during the third quarter. Captrust Financial Advisors now owns 3,537 shares of the aerospace company’s stock worth $231,000 after acquiring an additional 177 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of AAR by 6.1% during the third quarter. HighTower Advisors LLC now owns 3,818 shares of the aerospace company’s stock valued at $249,000 after acquiring an additional 220 shares during the period. EverSource Wealth Advisors LLC increased its position in AAR by 43.0% in the second quarter. EverSource Wealth Advisors LLC now owns 778 shares of the aerospace company’s stock worth $57,000 after purchasing an additional 234 shares during the period. Finally, Truist Financial Corp raised its holdings in AAR by 3.4% during the 2nd quarter. Truist Financial Corp now owns 9,040 shares of the aerospace company’s stock worth $657,000 after purchasing an additional 296 shares during the last quarter. 90.74% of the stock is currently owned by institutional investors and hedge funds.

AAR Stock Performance

Shares of AAR stock opened at $70.25 on Monday. AAR Corp. has a 12 month low of $54.71 and a 12 month high of $76.34. The company has a current ratio of 2.68, a quick ratio of 1.45 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $2.52 billion, a PE ratio of 250.91 and a beta of 1.61. The stock’s fifty day simple moving average is $65.77 and its 200 day simple moving average is $65.13.

AAR (NYSE:AIR) last released its quarterly earnings results on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.07. The company had revenue of $686.10 million during the quarter, compared to analysts’ expectations of $654.47 million. AAR had a net margin of 0.41% and a return on equity of 10.46%. The business’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.81 earnings per share. On average, research analysts predict that AAR Corp. will post 3.75 EPS for the current year.

Insider Activity

In other AAR news, CEO John Mcclain Holmes III sold 128,427 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $66.76, for a total transaction of $8,573,786.52. Following the transaction, the chief executive officer now owns 346,680 shares of the company’s stock, valued at $23,144,356.80. The trade was a 27.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Christopher A. Jessup sold 33,481 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $70.40, for a total value of $2,357,062.40. Following the sale, the senior vice president now owns 63,209 shares in the company, valued at approximately $4,449,913.60. This represents a 34.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 180,793 shares of company stock worth $12,184,346 over the last three months. Corporate insiders own 4.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 target price on shares of AAR in a research note on Monday, November 4th. StockNews.com upgraded shares of AAR from a “sell” rating to a “hold” rating in a research report on Friday. Benchmark restated a “buy” rating and issued a $83.00 price target on shares of AAR in a research report on Friday, October 4th. Finally, KeyCorp initiated coverage on AAR in a research note on Thursday. They set an “overweight” rating and a $83.00 price objective for the company. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $81.50.

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.