Capital Fund Management S.A. decreased its stake in AAR Corp. (NYSE:AIR) by 2.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 35,062 shares of the company’s stock after selling 799 shares during the period. Capital Fund Management S.A.’s holdings in AAR Corp. were worth $818,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in AIR. TIAA CREF Investment Management LLC boosted its position in shares of AAR Corp. by 65.2% in the first quarter. TIAA CREF Investment Management LLC now owns 191,544 shares of the company’s stock valued at $4,457,000 after buying an additional 75,574 shares during the period. Springbok Capital Management LLC boosted its position in shares of AAR Corp. by 6,100.0% in the first quarter. Springbok Capital Management LLC now owns 6,200 shares of the company’s stock valued at $144,000 after buying an additional 6,100 shares during the period. Spark Investment Management LLC purchased a new position in shares of AAR Corp. during the first quarter valued at about $544,000. Renaissance Technologies LLC boosted its position in shares of AAR Corp. by 3.6% in the first quarter. Renaissance Technologies LLC now owns 44,400 shares of the company’s stock valued at $1,033,000 after buying an additional 1,540 shares during the period. Finally, Kennedy Capital Management Inc. purchased a new position in shares of AAR Corp. during the first quarter valued at about $582,000. Hedge funds and other institutional investors own 88.18% of the company’s stock.
Shares of AAR Corp. (NYSE:AIR) traded down 0.13% during midday trading on Monday, reaching $31.39. The company’s stock had a trading volume of 240,202 shares. The stock has a 50 day moving average price of $27.89 and a 200-day moving average price of $24.75. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 31.77 and a beta of 1.63. AAR Corp. has a 52-week low of $18.36 and a 52-week high of $32.15.
AAR Corp. (NYSE:AIR) last issued its quarterly earnings data on Thursday, September 22nd. The company reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.03. AAR Corp. had a return on equity of 4.70% and a net margin of 2.03%. The business had revenue of $404.80 million for the quarter. During the same period in the previous year, the business posted $0.28 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. Equities research analysts expect that AAR Corp. will post $1.44 EPS for the current year.
AIR has been the topic of several research analyst reports. TheStreet upgraded AAR Corp. from a “hold” rating to a “buy” rating in a research note on Friday, September 2nd. Zacks Investment Research raised AAR Corp. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 13th.
In other AAR Corp. news, Director Peter Pace sold 5,000 shares of AAR Corp. stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of €29.13 ($32.37), for a total value of €145,650.00 ($161,833.33). Following the transaction, the director now directly owns 20,048 shares of the company’s stock, valued at approximately €583,998.24 ($648,886.93). The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Robert J. Regan sold 14,002 shares of AAR Corp. stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of €30.92 ($34.36), for a total value of €432,941.84 ($481,046.49). Following the completion of the transaction, the vice president now directly owns 141,314 shares in the company, valued at €4,369,428.88 ($4,854,920.98). The disclosure for this sale can be found here. 8.23% of the stock is owned by corporate insiders.
About AAR Corp.
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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