AAR Corp. (AIR) Holdings Trimmed by Deutsche Bank AG

Deutsche Bank AG trimmed its holdings in AAR Corp. (NYSE:AIR) by 52.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,771 shares of the aerospace company’s stock after selling 54,345 shares during the quarter. Deutsche Bank AG’s holdings in AAR were worth $1,856,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Advisor Group Inc. boosted its stake in AAR by 94.8% in the 4th quarter. Advisor Group Inc. now owns 744 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 362 shares during the period. Oppenheimer Asset Management Inc. bought a new position in AAR in the 4th quarter worth approximately $50,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in AAR by 57.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,523 shares of the aerospace company’s stock worth $94,000 after purchasing an additional 917 shares during the period. Quantamental Technologies LLC bought a new position in AAR in the 4th quarter worth approximately $139,000. Finally, Hsbc Holdings PLC boosted its stake in AAR by 7.0% in the 4th quarter. Hsbc Holdings PLC now owns 5,963 shares of the aerospace company’s stock worth $222,000 after purchasing an additional 391 shares during the period. Institutional investors and hedge funds own 91.55% of the company’s stock.

AIR has been the topic of several recent research reports. ValuEngine cut AAR from a “hold” rating to a “sell” rating in a report on Tuesday, February 19th. Canaccord Genuity reaffirmed a “buy” rating and set a $48.00 price objective on shares of AAR in a report on Wednesday, March 20th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $52.33.

In other news, Director Anthony Anderson sold 3,615 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $33.23, for a total transaction of $120,126.45. Following the sale, the director now directly owns 19,469 shares of the company’s stock, valued at approximately $646,954.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.43% of the stock is owned by corporate insiders.

Shares of AIR opened at $33.94 on Tuesday. The company has a market cap of $1.18 billion, a PE ratio of 13.73 and a beta of 1.00. AAR Corp. has a 1 year low of $31.51 and a 1 year high of $51.52. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.33 and a current ratio of 2.76.

AAR (NYSE:AIR) last issued its quarterly earnings data on Tuesday, March 19th. The aerospace company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.10. The business had revenue of $529.50 million for the quarter, compared to analysts’ expectations of $539.70 million. AAR had a positive return on equity of 9.30% and a negative net margin of 0.17%. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 EPS. As a group, equities analysts forecast that AAR Corp. will post 2.54 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.075 per share. The ex-dividend date is Tuesday, April 30th. This represents a $0.30 annualized dividend and a dividend yield of 0.88%. AAR’s dividend payout ratio (DPR) is 16.76%.

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AAR Company Profile

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The company operates in two segments, Aviation Services and Expeditionary Services. The Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services.

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Institutional Ownership by Quarter for AAR (NYSE:AIR)

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