AAR Corp. (NYSE:AIR) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its position in shares of AAR Corp. (NYSE:AIR) by 17.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 247,631 shares of the aerospace company’s stock after selling 50,789 shares during the quarter. Thrivent Financial for Lutherans owned 0.69% of AAR worth $15,175,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AIR. KBC Group NV increased its holdings in AAR by 32.9% in the third quarter. KBC Group NV now owns 1,324 shares of the aerospace company’s stock valued at $87,000 after buying an additional 328 shares in the last quarter. Natixis Advisors LLC grew its position in shares of AAR by 96.4% during the 3rd quarter. Natixis Advisors LLC now owns 28,236 shares of the aerospace company’s stock valued at $1,846,000 after acquiring an additional 13,861 shares during the period. Quest Partners LLC raised its holdings in AAR by 2,082.1% in the 3rd quarter. Quest Partners LLC now owns 9,776 shares of the aerospace company’s stock worth $639,000 after purchasing an additional 9,328 shares during the period. Intech Investment Management LLC boosted its position in AAR by 89.1% during the third quarter. Intech Investment Management LLC now owns 15,087 shares of the aerospace company’s stock worth $986,000 after purchasing an additional 7,108 shares in the last quarter. Finally, Citigroup Inc. grew its holdings in AAR by 12.7% in the third quarter. Citigroup Inc. now owns 71,869 shares of the aerospace company’s stock valued at $4,697,000 after purchasing an additional 8,113 shares during the period. 90.74% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Christopher A. Jessup sold 33,481 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $70.40, for a total transaction of $2,357,062.40. Following the completion of the sale, the senior vice president now directly owns 63,209 shares in the company, valued at approximately $4,449,913.60. This trade represents a 34.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John Mcclain Holmes III sold 5,000 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $70.81, for a total transaction of $354,050.00. Following the completion of the transaction, the chief executive officer now owns 341,680 shares in the company, valued at $24,194,360.80. The trade was a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 185,793 shares of company stock valued at $12,538,396 in the last ninety days. 4.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AIR. StockNews.com lowered AAR from a “hold” rating to a “sell” rating in a research report on Wednesday, February 5th. KeyCorp began coverage on shares of AAR in a report on Thursday, January 16th. They set an “overweight” rating and a $83.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $81.50.

AAR Stock Up 0.0 %

NYSE AIR opened at $67.83 on Friday. The business has a fifty day moving average price of $66.98 and a 200 day moving average price of $65.37. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.27 and a current ratio of 2.68. The company has a market cap of $2.44 billion, a P/E ratio of 242.26 and a beta of 1.58. AAR Corp. has a one year low of $54.71 and a one year high of $76.34.

AAR (NYSE:AIR) last issued its earnings results on Tuesday, January 7th. The aerospace company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.07. AAR had a net margin of 0.41% and a return on equity of 10.46%. The business had revenue of $686.10 million during the quarter, compared to analysts’ expectations of $654.47 million. During the same period in the prior year, the business earned $0.81 earnings per share. The company’s quarterly revenue was up 25.8% compared to the same quarter last year. Research analysts anticipate that AAR Corp. will post 3.77 EPS for the current fiscal year.

AAR 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.