American Century Companies Inc. Increases Position in AAR Corp. (AIR)

American Century Companies Inc. boosted its position in AAR Corp. (NYSE:AIR) by 15.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 236,924 shares of the aerospace company’s stock after buying an additional 32,443 shares during the quarter. American Century Companies Inc.’s holdings in AAR were worth $9,309,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in AIR. Wells Fargo & Company MN raised its stake in AAR by 16.4% in the 2nd quarter. Wells Fargo & Company MN now owns 30,079 shares of the aerospace company’s stock valued at $1,046,000 after acquiring an additional 4,229 shares during the period. Parametric Portfolio Associates LLC grew its holdings in AAR by 0.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 145,532 shares of the aerospace company’s stock valued at $5,059,000 after buying an additional 932 shares in the last quarter. OxFORD Asset Management LLP purchased a new position in AAR during the 2nd quarter valued at about $230,000. Voya Investment Management LLC grew its holdings in AAR by 10.4% during the 2nd quarter. Voya Investment Management LLC now owns 15,799 shares of the aerospace company’s stock valued at $549,000 after buying an additional 1,488 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in AAR by 54.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 89,804 shares of the aerospace company’s stock valued at $3,122,000 after buying an additional 31,613 shares in the last quarter. Institutional investors and hedge funds own 90.89% of the company’s stock.

In other news, CEO David P. Storch sold 126,679 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $41.53, for a total transaction of $5,260,978.87. Following the completion of the transaction, the chief executive officer now owns 759,639 shares of the company’s stock, valued at $31,547,807.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald R. Fogleman sold 3,000 shares of the business’s stock in a transaction dated 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 approximately $783,398.82. The disclosure for this sale can be found here. 9.33% of the stock is currently owned by insiders.

AAR Corp. (NYSE:AIR) opened at $42.50 on Monday. The company has a current ratio of 2.65, a quick ratio of 1.23 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $1,480.00, a PE ratio of 92.39 and a beta of 1.36. AAR Corp. has a twelve month low of $31.97 and a twelve month high of $44.04.

AAR (NYSE:AIR) last issued its quarterly earnings data on Thursday, December 21st. The aerospace company reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). AAR had a return on equity of 5.61% and a net margin of 1.25%. The business had revenue of $449.70 million for the quarter, compared to analysts’ expectations of $450.56 million. During the same period in the previous year, the firm posted $0.35 EPS. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. equities research analysts expect that AAR Corp. will post 1.86 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 5th. Stockholders of record on Monday, January 22nd were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Friday, January 19th. AAR’s payout ratio is 65.22%.

A number of research analysts have weighed in on 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, December 4th. Credit Suisse Group raised AAR from a “neutral” rating to an “outperform” rating in a report on Friday, January 12th. TheStreet lowered AAR from a “b” rating to a “c+” rating in a report on Thursday, December 21st. Noble Financial reaffirmed a “buy” rating on shares of AAR in a report on Friday, December 22nd. Finally, Canaccord Genuity raised AAR from a “hold” rating to a “buy” rating and lifted their target price for the company from $42.00 to $46.00 in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $46.50.

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AAR 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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Institutional Ownership by Quarter for AAR (NYSE:AIR)

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