American Century Companies Inc. grew its position in AAR Corp. (NYSE:AIR) by 52.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 204,481 shares of the aerospace company’s stock after acquiring an additional 70,443 shares during the quarter. American Century Companies Inc. owned about 0.60% of AAR worth $7,725,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in AAR by 5.7% during the first quarter. Vanguard Group Inc. now owns 2,924,503 shares of the aerospace company’s stock worth $98,350,000 after acquiring an additional 157,388 shares during the last quarter. Geode Capital Management LLC increased its stake in AAR by 3.1% during the first quarter. Geode Capital Management LLC now owns 245,316 shares of the aerospace company’s stock worth $8,249,000 after acquiring an additional 7,431 shares during the last quarter. BlackRock Inc. increased its stake in AAR by 29,054.7% during the first quarter. BlackRock Inc. now owns 4,657,468 shares of the aerospace company’s stock worth $156,630,000 after acquiring an additional 4,641,493 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in AAR by 12.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 294,279 shares of the aerospace company’s stock worth $9,897,000 after acquiring an additional 31,549 shares during the last quarter. Finally, State Street Corp grew its stake in shares of AAR by 3.6% in the first quarter. State Street Corp now owns 1,101,708 shares of the aerospace company’s stock valued at $37,049,000 after buying an additional 37,935 shares in the last quarter. Institutional investors and hedge funds own 87.90% of the company’s stock.
Shares of AAR Corp. (NYSE:AIR) traded up $0.28 during mid-day trading on Wednesday, reaching $42.47. The company had a trading volume of 156,240 shares, compared to its average volume of 178,245. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.90 and a quick ratio of 1.38. AAR Corp. has a 1 year low of $31.20 and a 1 year high of $42.68. The firm has a market cap of $1,460.01, a PE ratio of 28.49 and a beta of 1.34.
AAR (NYSE:AIR) last released its earnings results on Tuesday, September 19th. The aerospace company reported $0.31 earnings per share (EPS) for the quarter, hitting 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 company had revenue of $439.20 million for the quarter, compared to analysts’ expectations of $410.52 million. During the same quarter in the previous year, the firm posted $0.29 EPS. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. equities research analysts predict that AAR Corp. will post 1.81 earnings per share for the current year.
A number of equities research analysts have recently weighed in on the company. Canaccord Genuity assumed coverage on AAR in a research note on Wednesday, September 6th. They issued a “hold” rating and a $40.00 price objective for the company. SunTrust Banks lifted their target price on AAR to $50.00 and gave the company a “buy” rating in a report on Monday. Zacks Investment Research upgraded AAR from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. Noble Financial reaffirmed a “buy” rating on shares of AAR in a report on Friday, August 11th. Finally, Seaport Global Securities began coverage on AAR in a report on Tuesday, September 12th. They issued a “neutral” rating and a $39.00 target price for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. AAR currently has an average rating of “Hold” and a consensus price target of $42.25.
In related news, Director Ronald R. Fogleman sold 3,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 23,406 shares of the company’s stock, valued at approximately $783,398.82. The transaction was disclosed in a filing with the SEC, which is available through this link. 9.33% of the stock is currently owned by corporate insiders.
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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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