Loomis Sayles & Co L P 13F: Cuts AAR (AIR) Stake by $26M

Loomis Sayles & Co L P has reduced its stake in AAR Corp. (NYSE: AIR) by 22%, according to its latest 13F filing with the SEC, reflecting holdings as of the quarter ended March 31, 2026. The firm sold 185,398 shares, bringing its total holdings to 638,885 shares, valued at approximately $86.17 million.

What Changed in Loomis Sayles's AAR Corp. Position

Loomis Sayles trimmed its position in AAR Corp. from 824,283 shares to 638,885 shares, a reduction of 185,398 shares, or 22%. The reported value of these holdings is now around $86.17 million. This move indicates a strategic adjustment in the firm's investment portfolio.

Other Institutional Activity in AAR Corp.

Several other institutional investors also adjusted their positions in AAR Corp. BlackRock, Inc. increased its holdings by 62,578 shares, now holding 6,174,043 shares worth about $675.81 million. State Street Corp added 266,694 shares, bringing its total to 2,587,621 shares valued at $283.24 million. Meanwhile, Dimensional Fund Advisors LP reduced its holdings by 36,028 shares to 1,944,689 shares, valued at approximately $212.85 million.

AAR Corp. Stock Up 24.8%

Shares of AAR Corp. (NYSE: AIR) recently traded at $134.88. The company has a market capitalization of about $5.36 billion and a P/E ratio of 29.64. Its 52-week trading range has seen a low of $67.04 and a high of $135.48. The stock's 50-day moving average is $115.69, while the 200-day moving average is $98.86. AAR Corp. maintains a current ratio of 2.70 and a quick ratio of 0.99, with a debt-to-equity ratio of 59.61.

Recent Earnings

AAR Corp. reported revenue of $3.13 billion, representing a year-over-year growth of 24.6%. The company achieved a net margin of 5.46% and a return on equity of 12.1%. Earnings per share stood at $4.55. The next earnings report is expected on July 16, 2026.

Insider Buying and Selling at AAR Corp.

On June 1, 2026, several insiders at AAR Corp. acquired shares. Ellen Lord, Duncan McNabb, John Dietrich, Billy Nolen, Hema Widhani, and Marc Jay Walfish each bought 1,364 shares. These transactions were not part of any pre-planned trading program.

Analysts Set New Price Targets

Analysts have maintained a positive outlook on AAR Corp. On April 9, 2026, Keybanc maintained its 'buy' rating with a price target of $132. Jefferies also maintained a 'buy' rating, setting a target of $150 on March 26, 2026. The consensus among analysts is a 'strong buy', with a mean price target of $131.67 based on six opinions.

About AAR Corp.

AAR Corp., headquartered in Wood Dale, Illinois, provides products and services to the commercial aviation, government, and defense sectors globally. The company operates through segments like Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services. It was founded in 1951 and employs about 5,600 people. John McClain Holmes III serves as the CEO.

Bottom Line

Loomis Sayles's decision to reduce its stake in AAR Corp. highlights the evolving strategies of institutional investors. While 13F filings offer a glimpse into past holdings, they may not reflect current positions. Investors and analysts continue to watch AAR Corp. for its performance in the aerospace and defense industry.