Rhumbline Advisers lifted its holdings in shares of AAR Corp. (NYSE:AIR) by 10.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 86,943 shares of the aerospace company’s stock after acquiring an additional 8,303 shares during the period. Rhumbline Advisers owned 0.25% of AAR worth $3,416,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of AIR. Macquarie Group Ltd. acquired a new stake in shares of AAR during the 3rd quarter worth about $144,000. Highbridge Capital Management LLC acquired a new stake in shares of AAR during the 3rd quarter worth about $200,000. Group One Trading L.P. acquired a new stake in shares of AAR during the 3rd quarter worth about $233,000. Victory Capital Management Inc. raised its position in shares of AAR by 52.3% during the 3rd quarter. Victory Capital Management Inc. now owns 6,493 shares of the aerospace company’s stock worth $245,000 after acquiring an additional 2,231 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of AAR during the 3rd quarter worth about $356,000. 89.38% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on the company. TheStreet upgraded AAR from a “c+” rating to a “b” rating in a research note on Tuesday. ValuEngine upgraded AAR from a “hold” rating to a “buy” rating in a research note on Thursday, March 8th. Zacks Investment Research downgraded AAR from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. SunTrust Banks raised their price target on AAR to $50.00 and gave the stock a “buy” rating in a research note on Monday, December 4th. Finally, Credit Suisse Group upgraded AAR from a “neutral” rating to an “outperform” rating in a research note on Friday, January 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. AAR presently has a consensus rating of “Buy” and a consensus target price of $47.50.
In related news, CEO David P. Storch sold 126,679 shares of AAR stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $41.53, for a total value of $5,260,978.87. Following the sale, the chief executive officer now directly owns 759,639 shares in the company, valued at $31,547,807.67. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Ronald R. Fogleman sold 3,000 shares of AAR stock in a transaction on Friday, December 29th. The stock was sold at an average price of $33.47, for a total value of $100,410.00. Following the transaction, the director now directly owns 23,406 shares of the company’s stock, valued at $783,398.82. The disclosure for this sale can be found here. Company insiders own 9.33% of the company’s stock.
AAR stock traded down $0.11 during trading hours on Thursday, reaching $43.62. The company had a trading volume of 140,543 shares, compared to its average volume of 269,389. AAR Corp. has a 12-month low of $32.57 and a 12-month high of $45.60. The stock has a market cap of $1,491.63, a P/E ratio of 61.49 and a beta of 1.26. The company has a quick ratio of 1.23, a current ratio of 2.65 and a debt-to-equity ratio of 0.24.
AAR (NYSE:AIR) last announced its earnings results on Tuesday, March 20th. The aerospace company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. AAR had a return on equity of 6.02% and a net margin of 1.34%. The company had revenue of $456.30 million for the quarter, compared to the consensus estimate of $475.89 million. During the same period last year, the business posted $0.39 EPS. The company’s revenue was up 12.1% on a year-over-year basis. equities research analysts predict that AAR Corp. will post 1.83 EPS for the current fiscal year.
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AAR Company 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.
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