Dimensional Fund Advisors LP Raises Stake in AAR Corp. (AIR)

Dimensional Fund Advisors LP grew its holdings in AAR Corp. (NYSE:AIR) by 0.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,955,585 shares of the aerospace company’s stock after acquiring an additional 3,298 shares during the period. Dimensional Fund Advisors LP owned about 0.08% of AAR worth $110,361,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Advisor Group Inc. raised its stake in shares of AAR by 94.8% in the 4th quarter. Advisor Group Inc. now owns 744 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 362 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in shares of AAR in the 4th quarter valued at $50,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of AAR by 57.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,523 shares of the aerospace company’s stock valued at $94,000 after acquiring an additional 917 shares during the period. Quantamental Technologies LLC purchased a new position in shares of AAR in the 4th quarter valued at $139,000. Finally, Hsbc Holdings PLC raised its stake in shares of AAR by 7.0% in the 4th quarter. Hsbc Holdings PLC now owns 5,963 shares of the aerospace company’s stock valued at $222,000 after acquiring an additional 391 shares during the period. 91.55% of the stock is currently owned by institutional investors and hedge funds.

AIR has been the topic of a number of research reports. ValuEngine downgraded shares of AAR from a “hold” rating to a “sell” rating in a research note on Tuesday, February 19th. Canaccord Genuity reissued a “buy” rating and issued a $48.00 target price on shares of AAR in a research note on Wednesday, March 20th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $52.33.

In related news, Director Anthony Anderson sold 3,615 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $33.23, for a total transaction of $120,126.45. Following the completion of the sale, the director now directly owns 19,469 shares of the company’s stock, valued at approximately $646,954.87. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 7.43% of the stock is currently owned by company insiders.

AIR opened at $32.46 on Wednesday. The firm has a market cap of $1.18 billion, a P/E ratio of 18.13 and a beta of 1.00. AAR Corp. has a twelve month low of $31.51 and a twelve month high of $51.52. The company has a quick ratio of 1.33, a current ratio of 2.76 and a debt-to-equity ratio of 0.20.

AAR (NYSE:AIR) last released its quarterly earnings results on Tuesday, March 19th. The aerospace company reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.10. The business had revenue of $529.50 million during the quarter, compared to analyst estimates of $539.70 million. AAR had a negative net margin of 0.17% and a positive return on equity of 9.30%. The business’s revenue was up 16.0% on a year-over-year basis. During the same period last year, the business earned $0.49 EPS. Equities analysts forecast that AAR Corp. will post 2.54 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Wednesday, May 1st will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Tuesday, April 30th. AAR’s payout ratio 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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