AAR Corp. (NYSE:AIR) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. trimmed its position in shares of AAR Corp. (NYSE:AIR) by 16.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,667,469 shares of the aerospace company’s stock after selling 533,295 shares during the period. Franklin Resources Inc. owned approximately 7.68% of AAR worth $104,805,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of AIR. Crossmark Global Holdings Inc. purchased a new position in AAR in the 3rd quarter valued at about $356,000. Victory Capital Management Inc. lifted its position in shares of AAR by 52.3% during the third quarter. Victory Capital Management Inc. now owns 6,493 shares of the aerospace company’s stock worth $245,000 after purchasing an additional 2,231 shares during the last quarter. American Century Companies Inc. lifted its position in shares of AAR by 52.6% during the third quarter. American Century Companies Inc. now owns 204,481 shares of the aerospace company’s stock worth $7,725,000 after purchasing an additional 70,443 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of AAR by 72.6% during the third quarter. BNP Paribas Arbitrage SA now owns 17,545 shares of the aerospace company’s stock worth $663,000 after purchasing an additional 7,382 shares during the last quarter. Finally, Sei Investments Co. raised its stake in AAR by 14.3% during the third quarter. Sei Investments Co. now owns 124,089 shares of the aerospace company’s stock worth $4,688,000 after acquiring an additional 15,508 shares during the period. 89.38% of the stock is owned by institutional investors.

How to Become a New Pot Stock Millionaire

In other news, CEO David P. Storch sold 126,679 shares of AAR stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $41.53, for a total transaction of $5,260,978.87. Following the sale, the chief executive officer now directly owns 759,639 shares in the company, valued at approximately $31,547,807.67. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Peter Pace sold 5,000 shares of AAR stock in a transaction dated Tuesday, April 3rd. The shares were sold at an average price of $42.58, for a total transaction of $212,900.00. The disclosure for this sale can be found here. Insiders have sold a total of 186,679 shares of company stock worth $7,895,229 in the last 90 days. 9.33% of the stock is owned by insiders.

Several equities research analysts have commented on the stock. TheStreet upgraded shares of AAR from a “c+” rating to a “b” rating in a research note on Tuesday, March 20th. Credit Suisse Group increased their price objective on shares of AAR to $51.00 and gave the company an “outperform” rating in a report on Thursday, March 22nd. Zacks Investment Research cut shares of AAR from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. ValuEngine upgraded shares of AAR from a “hold” rating to a “buy” rating in a report on Thursday, March 8th. Finally, Seaport Global Securities upgraded shares of AAR from a “neutral” rating to a “buy” rating and raised their target price for the stock from $39.00 to $50.00 in a report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. AAR presently has a consensus rating of “Buy” and a consensus price target of $49.00.

AAR stock opened at $43.23 on Friday. AAR Corp. has a 52 week low of $32.57 and a 52 week high of $45.60. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.41. The company has a market capitalization of $1,507.95, a P/E ratio of 29.81 and a beta of 1.22.

AAR (NYSE:AIR) last released its earnings results on Tuesday, March 20th. The aerospace company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The company had revenue of $456.30 million during the quarter, compared to the consensus estimate of $475.89 million. AAR had a net margin of 1.34% and a return on equity of 6.02%. The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 EPS. equities analysts forecast that AAR Corp. will post 1.81 EPS for the current year.

TRADEMARK VIOLATION WARNING: This report was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this report can be viewed at https://www.dispatchtribunal.com/2018/04/07/franklin-resources-inc-has-104-81-million-holdings-in-aar-corp-air.html.

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.

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