Geode Capital Management LLC Buys 11,541 Shares of AAR Corp. (AIR)

Geode Capital Management LLC lifted its stake in AAR Corp. (NYSE:AIR) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 274,987 shares of the aerospace company’s stock after purchasing an additional 11,541 shares during the quarter. Geode Capital Management LLC’s holdings in AAR were worth $10,803,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of AAR by 4.2% in the 4th quarter. BlackRock Inc. now owns 5,329,972 shares of the aerospace company’s stock worth $209,416,000 after purchasing an additional 217,049 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in shares of AAR in the 4th quarter worth approximately $30,164,000. Beach Point Capital Management LP boosted its holdings in shares of AAR by 102.5% in the 4th quarter. Beach Point Capital Management LP now owns 459,046 shares of the aerospace company’s stock worth $18,036,000 after purchasing an additional 232,382 shares during the period. Foundry Partners LLC boosted its holdings in shares of AAR by 3.3% in the 4th quarter. Foundry Partners LLC now owns 382,673 shares of the aerospace company’s stock worth $15,035,000 after purchasing an additional 12,186 shares during the period. Finally, Heartland Advisors Inc. boosted its holdings in shares of AAR by 6.0% in the 4th quarter. Heartland Advisors Inc. now owns 350,532 shares of the aerospace company’s stock worth $13,772,000 after purchasing an additional 19,822 shares during the period. Hedge funds and other institutional investors own 89.38% of the company’s stock.

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AIR opened at $43.23 on Monday. 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 firm has a market cap of $1,501.33, a P/E ratio of 29.81 and a beta of 1.22.

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

A number of equities analysts have recently commented on AIR shares. Noble Financial reiterated a “buy” rating on shares of AAR in a report on Friday, December 22nd. TheStreet cut AAR from a “b” rating to a “c+” rating in a report on Thursday, December 21st. Credit Suisse Group upgraded AAR from a “neutral” rating to an “outperform” rating in a report on Friday, January 12th. Seaport Global Securities upgraded AAR from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $39.00 to $50.00 in a report on Tuesday, January 16th. Finally, Canaccord Genuity upgraded AAR from a “hold” rating to a “buy” rating and boosted their price objective for the company from $42.00 to $46.00 in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $49.00.

In related news, Director Anthony Anderson sold 5,000 shares of the business’s stock in a transaction on Tuesday, March 27th. The stock was sold at an average price of $44.07, for a total transaction of $220,350.00. Following the completion of the transaction, the director now owns 20,411 shares in the company, valued at approximately $899,512.77. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David P. Storch sold 50,000 shares of the business’s stock in a transaction on Wednesday, March 28th. The shares were sold at an average price of $44.02, for a total value of $2,201,000.00. Following the transaction, the chief executive officer now owns 667,259 shares of the company’s stock, valued at approximately $29,372,741.18. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 186,679 shares of company stock valued at $7,895,229. 9.33% of the stock is owned by company insiders.

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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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