PEAK6 Investments L.P. bought a new position in shares of AAR Corp. (NYSE:AIR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,775 shares of the aerospace company’s stock, valued at approximately $823,000. PEAK6 Investments L.P. owned 0.06% of AAR as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also made changes to their positions in AIR. State Board of Administration of Florida Retirement System lifted its position in AAR by 0.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 33,488 shares of the aerospace company’s stock valued at $1,164,000 after purchasing an additional 93 shares during the period. Texas Permanent School Fund lifted its position in AAR by 0.8% in the second quarter. Texas Permanent School Fund now owns 23,309 shares of the aerospace company’s stock valued at $810,000 after purchasing an additional 195 shares during the period. Victory Capital Management Inc. lifted its position in AAR by 17.6% in the second quarter. Victory Capital Management Inc. now owns 4,262 shares of the aerospace company’s stock valued at $148,000 after purchasing an additional 639 shares during the period. Municipal Employees Retirement System of Michigan lifted its position in AAR by 6.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 10,960 shares of the aerospace company’s stock valued at $381,000 after purchasing an additional 680 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its position in AAR by 0.6% in the second quarter. Parametric Portfolio Associates LLC now owns 145,532 shares of the aerospace company’s stock valued at $5,059,000 after purchasing an additional 932 shares during the period. Institutional investors and hedge funds own 87.90% of the company’s stock.
AAR Corp. (NYSE:AIR) opened at $42.47 on Thursday. AAR Corp. has a 1-year low of $31.20 and a 1-year high of $42.68. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.90 and a quick ratio of 1.38. The stock has a market cap of $1,460.71, a PE ratio of 28.51 and a beta of 1.34.
AAR (NYSE:AIR) last issued its earnings results on Tuesday, September 19th. The aerospace company reported $0.31 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.31. AAR had a net margin of 3.20% and a return on equity of 5.66%. The company had revenue of $439.20 million during the quarter, compared to analysts’ expectations of $410.52 million. During the same period last year, the company posted $0.29 earnings per share. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. equities research analysts anticipate that AAR Corp. will post 1.81 EPS for the current year.
In other AAR news, Director Ronald R. Fogleman sold 3,000 shares of the stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $33.47, for a total value of $100,410.00. Following the completion of the transaction, the director now directly owns 23,406 shares of the company’s stock, valued at $783,398.82. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 9.33% of the company’s stock.
AIR has been the subject of a number of recent analyst reports. Canaccord Genuity restated a “hold” rating and issued a $40.00 price objective on shares of AAR in a research report on Friday, October 13th. Zacks Investment Research upgraded shares of AAR from a “sell” rating to a “hold” rating in a research report on Thursday, September 14th. Seaport Global Securities initiated coverage on shares of AAR in a research report on Tuesday, September 12th. They issued a “neutral” rating and a $39.00 price objective for the company. Noble Financial reaffirmed a “buy” rating on shares of AAR in a report on Friday, August 11th. Finally, SunTrust Banks increased their target price on shares of AAR to $50.00 and gave the company a “buy” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. AAR has an average rating of “Hold” and an average target price of $42.25.
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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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