Point72 Asset Management L.P. Trims Position in AAR Corp. (AIR)

Point72 Asset Management L.P. decreased its position in shares of AAR Corp. (NYSE:AIR) by 60.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,100 shares of the aerospace company’s stock after selling 51,629 shares during the quarter. Point72 Asset Management L.P. owned 0.10% of AAR worth $1,288,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in AIR. BlackRock Inc. raised its position in shares of AAR by 1.6% during the 2nd quarter. BlackRock Inc. now owns 4,731,967 shares of the aerospace company’s stock worth $164,483,000 after purchasing an additional 74,499 shares during the last quarter. Northern Trust Corp raised its holdings in AAR by 4.7% in the 2nd quarter. Northern Trust Corp now owns 1,278,094 shares of the aerospace company’s stock valued at $44,427,000 after acquiring an additional 57,466 shares during the last quarter. State Street Corp raised its holdings in AAR by 1.6% in the 2nd quarter. State Street Corp now owns 1,119,196 shares of the aerospace company’s stock valued at $38,901,000 after acquiring an additional 17,488 shares during the last quarter. Rothschild Asset Management Inc. raised its holdings in AAR by 6.1% in the 3rd quarter. Rothschild Asset Management Inc. now owns 702,718 shares of the aerospace company’s stock valued at $26,549,000 after acquiring an additional 40,308 shares during the last quarter. Finally, Foundry Partners LLC raised its holdings in AAR by 1.9% in the 3rd quarter. Foundry Partners LLC now owns 370,487 shares of the aerospace company’s stock valued at $13,997,000 after acquiring an additional 7,000 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

AAR Corp. (NYSE:AIR) traded up $2.82 on Friday, reaching $41.73. 394,112 shares of the company traded hands, compared to its average volume of 271,750. The firm has a market capitalization of $1,450.00, a price-to-earnings ratio of 90.72 and a beta of 1.36. AAR Corp. has a 52-week low of $31.20 and a 52-week high of $44.04. The company has a current ratio of 2.65, a quick ratio of 1.23 and a debt-to-equity ratio of 0.24.

AAR (NYSE:AIR) last announced its quarterly earnings results on Thursday, December 21st. The aerospace company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.02). AAR had a net margin of 1.25% and a return on equity of 5.61%. The firm had revenue of $449.70 million during the quarter, compared to analyst estimates of $450.56 million. During the same quarter in the previous year, the business posted $0.35 EPS. AAR’s revenue for the quarter was up 6.1% compared to the same quarter last year. equities analysts anticipate that AAR Corp. will post 1.81 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, February 5th. Shareholders of record on Monday, January 22nd will be paid a $0.075 dividend. The ex-dividend date is Friday, January 19th. This represents a $0.30 annualized dividend and a dividend yield of 0.72%. AAR’s payout ratio is currently 65.22%.

AIR has been the subject of several analyst reports. SunTrust Banks boosted their price target on AAR to $50.00 and gave the company a “buy” rating in a report on Monday, December 4th. Noble Financial reissued a “buy” rating on shares of AAR in a research note on Friday, December 22nd. Zacks Investment Research raised shares of AAR from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Canaccord Genuity reaffirmed a “hold” rating and set a $40.00 price target on shares of AAR in a research report on Friday, October 13th. Finally, Credit Suisse Group raised shares of AAR from a “neutral” rating to an “outperform” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $42.25.

In other news, Director Ronald R. Fogleman sold 3,000 shares of the stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $33.47, for a total value of $100,410.00. Following the completion of the transaction, the director now directly owns 23,406 shares in the company, valued at $783,398.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 9.33% of the company’s stock.

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AAR Profile

AAR CORP. (AAR) is a provider of services and products to the commercial aviation and government and defense markets. The Company operates in two segments: Aviation Services, which consists of supply chain and maintenance, repair and overhaul (MRO) activities, and Expeditionary Services, which includes airlift and mobility activities.

Institutional Ownership by Quarter for AAR (NYSE:AIR)

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