AAR Corp. (NYSE:AIR) Shares Bought by Rhumbline Advisers

Rhumbline Advisers grew its position in AAR Corp. (NYSE:AIR) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,867 shares of the aerospace company’s stock after buying an additional 455 shares during the quarter. Rhumbline Advisers owned approximately 0.32% of AAR worth $7,100,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. boosted its position in shares of AAR by 17.8% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 9,888 shares of the aerospace company’s stock worth $646,000 after buying an additional 1,493 shares during the period. Louisiana State Employees Retirement System boosted its position in AAR by 1.8% during the third quarter. Louisiana State Employees Retirement System now owns 17,000 shares of the aerospace company’s stock valued at $1,111,000 after purchasing an additional 300 shares during the last quarter. State of Alaska Department of Revenue grew its stake in AAR by 3.4% in the third quarter. State of Alaska Department of Revenue now owns 20,094 shares of the aerospace company’s stock valued at $1,313,000 after purchasing an additional 653 shares in the last quarter. Emerald Advisers LLC increased its position in AAR by 1.3% in the 3rd quarter. Emerald Advisers LLC now owns 491,406 shares of the aerospace company’s stock worth $32,118,000 after purchasing an additional 6,399 shares during the last quarter. Finally, Amalgamated Bank raised its stake in shares of AAR by 1.7% during the 3rd quarter. Amalgamated Bank now owns 10,319 shares of the aerospace company’s stock worth $674,000 after purchasing an additional 177 shares in the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.

Insider Activity

In other news, CFO Sean M. Gillen sold 17,385 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $66.33, for a total value of $1,153,147.05. Following the transaction, the chief financial officer now owns 72,326 shares of the company’s stock, valued at $4,797,383.58. This represents a 19.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Christopher A. Jessup sold 33,481 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $70.40, for a total value of $2,357,062.40. Following the transaction, the senior vice president now owns 63,209 shares in the company, valued at approximately $4,449,913.60. This trade represents a 34.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 185,793 shares of company stock valued at $12,538,396 over the last 90 days. 4.10% of the stock is owned by company insiders.

AAR Trading Up 2.0 %

AIR stock opened at $63.33 on Wednesday. The business has a fifty day moving average price of $65.71 and a 200 day moving average price of $65.15. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 226.19 and a beta of 1.61. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.68 and a quick ratio of 1.27. AAR Corp. has a fifty-two week low of $54.71 and a fifty-two week high of $76.34.

AAR (NYSE:AIR) last issued its quarterly earnings results on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.07. AAR had a net margin of 0.41% and a return on equity of 10.46%. The business had revenue of $686.10 million during the quarter, compared to analyst estimates of $654.47 million. During the same quarter last year, the business posted $0.81 earnings per share. AAR’s revenue for the quarter was up 25.8% compared to the same quarter last year. Analysts expect that AAR Corp. will post 3.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AIR has been the subject of several analyst reports. StockNews.com lowered shares of AAR from a “hold” rating to a “sell” rating in a research note on Wednesday, February 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 price objective on shares of AAR in a research report on Monday, November 4th. Finally, KeyCorp began coverage on shares of AAR in a research report on Thursday, January 16th. They issued an “overweight” rating and a $83.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $81.50.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Parts Supply segment leases and sells aircraft components and replacement parts. The Repair & Engineering segment provides airframe maintenance services, such as airframe inspection, painting, line maintenance, airframe modification, structural repair, avionics service and installation, exterior and interior refurbishment, and engineering and support services; component repair services comprising maintenance, repair, and overhaul (MRO) services, engine and airframe accessories, and interior refurbishment; and landing gear overhaul services, including repair services on wheels and brakes.