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.
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.
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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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