Profund Advisors LLC Buys New Stake in AAR Corp. (AIR)

Profund Advisors LLC bought a new position in shares of AAR Corp. (NYSE:AIR) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,802 shares of the aerospace company’s stock, valued at approximately $256,000.

A number of other large investors also recently added to or reduced their stakes in the business. Teachers Advisors LLC grew its position in AAR by 2.3% during the 4th quarter. Teachers Advisors LLC now owns 58,068 shares of the aerospace company’s stock worth $2,281,000 after purchasing an additional 1,303 shares during the last quarter. Rhumbline Advisers grew its position in AAR by 2.0% during the 1st quarter. Rhumbline Advisers now owns 88,698 shares of the aerospace company’s stock worth $3,912,000 after purchasing an additional 1,755 shares during the last quarter. Thrivent Financial for Lutherans grew its position in AAR by 9.0% during the 1st quarter. Thrivent Financial for Lutherans now owns 21,746 shares of the aerospace company’s stock worth $959,000 after purchasing an additional 1,793 shares during the last quarter. Federated Investors Inc. PA grew its position in AAR by 144.1% during the 1st quarter. Federated Investors Inc. PA now owns 3,146 shares of the aerospace company’s stock worth $139,000 after purchasing an additional 1,857 shares during the last quarter. Finally, Swiss National Bank grew its position in AAR by 4.1% during the 4th quarter. Swiss National Bank now owns 55,700 shares of the aerospace company’s stock worth $2,188,000 after purchasing an additional 2,200 shares during the last quarter. 87.20% of the stock is currently owned by institutional investors.

In other news, Director Anthony Anderson sold 5,000 shares of the company’s stock in a transaction on Tuesday, March 27th. The shares were sold at an average price of $44.07, for a total value of $220,350.00. Following the sale, the director now directly owns 20,411 shares of the company’s stock, valued at approximately $899,512.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David P. Storch sold 50,000 shares of the company’s stock in a transaction on Wednesday, March 28th. The shares were sold at an average price of $44.02, for a total transaction of $2,201,000.00. Following the completion of the sale, the chief executive officer now directly owns 667,259 shares in the company, valued at $29,372,741.18. The disclosure for this sale can be found here. Insiders sold a total of 108,500 shares of company stock worth $4,755,155 over the last ninety days. Insiders own 9.33% of the company’s stock.

Several analysts have weighed in on the stock. Credit Suisse Group boosted their target price on shares of AAR to $51.00 and gave the stock an “outperform” rating in a research report on Thursday, March 22nd. Zacks Investment Research raised shares of AAR from a “sell” rating to a “hold” rating in a report on Tuesday, June 5th. ValuEngine raised shares of AAR from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. TheStreet raised shares of AAR from a “c+” rating to a “b” rating in a report on Tuesday, March 20th. Finally, Noble Financial reaffirmed a “buy” rating on shares of AAR in a report on Thursday, March 22nd. Two equities research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $49.00.

AIR stock opened at $47.29 on Friday. The firm has a market capitalization of $1.64 billion, a PE ratio of 29.77 and a beta of 1.20. The company has a current ratio of 2.86, a quick ratio of 1.41 and a debt-to-equity ratio of 0.21. AAR Corp. has a 12 month low of $33.92 and a 12 month high of $49.05.

About AAR

AAR CORP. provides products and services to commercial aviation, government, and defense markets worldwide. The company's Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services.

Institutional Ownership by Quarter for AAR (NYSE:AIR)

Receive News & Ratings for AAR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AAR and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply