Invictus RG purchased a new position in AAR Corp. (NYSE:AIR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,701 shares of the aerospace company’s stock, valued at approximately $404,000.
Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of AAR by 1.6% in the second 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 in the last quarter. Northern Trust Corp boosted its stake in AAR by 4.7% during the second quarter. Northern Trust Corp now owns 1,278,094 shares of the aerospace company’s stock valued at $44,427,000 after buying an additional 57,466 shares in the last quarter. State Street Corp boosted its stake in AAR by 1.6% during the second quarter. State Street Corp now owns 1,119,196 shares of the aerospace company’s stock valued at $38,901,000 after buying an additional 17,488 shares in the last quarter. Rothschild Asset Management Inc. boosted its stake in AAR by 6.1% during the third quarter. Rothschild Asset Management Inc. now owns 702,718 shares of the aerospace company’s stock valued at $26,549,000 after buying an additional 40,308 shares in the last quarter. Finally, Beach Point Capital Management LP bought a new position in AAR during the second quarter valued at about $15,758,000. 87.90% of the stock is owned by institutional investors.
AAR Corp. (NYSE AIR) opened at $42.19 on Wednesday. AAR Corp. has a 52 week low of $31.20 and a 52 week high of $42.57. The firm has a market capitalization of $1,460.01, a PE ratio of 28.49 and a beta of 1.34. The company has a current ratio of 2.90, a quick ratio of 1.38 and a debt-to-equity ratio of 0.20.
AAR (NYSE:AIR) last announced its earnings results on Tuesday, September 19th. The aerospace company reported $0.31 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.31. AAR had a return on equity of 5.66% and a net margin of 3.20%. The business had revenue of $439.20 million during the quarter, compared to analysts’ expectations of $410.52 million. During the same quarter last year, the business posted $0.29 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis. equities analysts forecast that AAR Corp. will post 1.81 EPS for the current fiscal year.
In related news, Director Ronald R. Fogleman sold 3,000 shares of the 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 completion of the transaction, the director now owns 23,406 shares in the company, valued at approximately $783,398.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 9.33% of the company’s stock.
AIR has been the subject of several research reports. Canaccord Genuity reaffirmed a “hold” rating and set a $40.00 target price on shares of AAR in a research note on Friday, October 13th. Zacks Investment Research raised AAR from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th. Seaport Global Securities initiated coverage on AAR in a research note on Tuesday, September 12th. They set a “neutral” rating and a $39.00 target price for the company. Noble Financial reaffirmed a “buy” rating on shares of AAR in a research note on Friday, August 11th. Finally, SunTrust Banks raised their target price on AAR to $50.00 and gave the company a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. AAR has a consensus rating of “Hold” and a consensus price target of $42.25.
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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