17,423 Shares in AAR Corp. (NYSE:AIR) Purchased by Shelton Wealth Management LLC

Shelton Wealth Management LLC purchased a new stake in shares of AAR Corp. (NYSE:AIR) in the fourth quarter, Holdings Channel.com reports. The firm purchased 17,423 shares of the aerospace company’s stock, valued at approximately $1,068,000.

A number of other large investors also recently modified their holdings of the stock. Earnest Partners LLC raised its holdings in shares of AAR by 3.2% in the second quarter. Earnest Partners LLC now owns 1,588,893 shares of the aerospace company’s stock valued at $115,513,000 after purchasing an additional 48,630 shares during the last quarter. Westwood Holdings Group Inc. bought a new stake in AAR in the 2nd quarter worth about $77,754,000. Franklin Resources Inc. increased its stake in AAR by 13.4% in the 3rd quarter. Franklin Resources Inc. now owns 969,741 shares of the aerospace company’s stock valued at $59,591,000 after buying an additional 114,460 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of AAR by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 796,962 shares of the aerospace company’s stock worth $52,101,000 after buying an additional 27,747 shares in the last quarter. Finally, Loomis Sayles & Co. L P boosted its stake in shares of AAR by 20.5% in the 3rd quarter. Loomis Sayles & Co. L P now owns 790,267 shares of the aerospace company’s stock worth $51,652,000 after buying an additional 134,215 shares during the last quarter. Institutional investors own 90.74% of the company’s stock.

AAR Trading Down 0.5 %

Shares of AIR opened at $70.25 on Friday. The firm’s 50 day simple moving average is $65.77 and its 200 day simple moving average is $65.22. AAR Corp. has a 1-year low of $54.71 and a 1-year high of $76.34. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.68 and a quick ratio of 1.45. The company has a market capitalization of $2.52 billion, a P/E ratio of 250.91 and a beta of 1.61.

AAR (NYSE:AIR) last released its earnings results on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.07. The company had revenue of $686.10 million during the quarter, compared to the consensus estimate of $654.47 million. AAR had a return on equity of 10.46% and a net margin of 0.41%. AAR’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS. Sell-side analysts forecast that AAR Corp. will post 3.75 earnings per share for the current fiscal year.

Insider Activity

In other AAR news, CFO Sean M. Gillen sold 17,385 shares of the company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $66.33, for a total value of $1,153,147.05. Following the completion of the transaction, the chief financial officer now directly owns 72,326 shares in the company, valued at approximately $4,797,383.58. This represents a 19.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jessica A. Garascia sold 1,500 shares of AAR stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $66.90, for a total transaction of $100,350.00. Following the sale, the chief accounting officer now directly owns 37,565 shares in the company, valued at $2,513,098.50. The trade was a 3.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 180,793 shares of company stock valued at $12,184,346. 4.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AIR has been the topic of a number of recent analyst reports. KeyCorp assumed coverage on AAR in a report on Thursday. They set an “overweight” rating and a $83.00 price target on the stock. Benchmark reiterated a “buy” rating and issued a $83.00 target price on shares of AAR in a research note on Friday, October 4th. StockNews.com upgraded shares of AAR from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price target on shares of AAR in a research note on Monday, November 4th. One investment 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. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $81.50.

About AAR

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.