Commerce Bank Takes Position in AAR Corp (AIR)

Commerce Bank acquired a new stake in shares of AAR Corp (NYSE:AIR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,167 shares of the aerospace company’s stock, valued at approximately $493,000.

Several other institutional investors and hedge funds also recently bought and sold shares of AIR. Vaughan Nelson Investment Management L.P. acquired a new position in shares of AAR during the fourth quarter valued at about $30,164,000. Beach Point Capital Management LP increased its holdings in shares of AAR by 102.5% during the fourth quarter. Beach Point Capital Management LP now owns 459,046 shares of the aerospace company’s stock valued at $18,036,000 after acquiring an additional 232,382 shares in the last quarter. BlackRock Inc. increased its holdings in shares of AAR by 4.2% during the fourth quarter. BlackRock Inc. now owns 5,329,972 shares of the aerospace company’s stock valued at $209,416,000 after acquiring an additional 217,049 shares in the last quarter. Castleark Management LLC acquired a new position in shares of AAR during the fourth quarter valued at about $7,235,000. Finally, Assenagon Asset Management S.A. acquired a new position in shares of AAR during the fourth quarter valued at about $4,863,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Several equities analysts have recently issued reports on AIR shares. Canaccord Genuity upgraded shares of AAR from a “hold” rating to a “buy” rating and upped their price objective for the company from $42.00 to $46.00 in a report on Thursday, February 8th. ValuEngine upgraded shares of AAR from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Zacks Investment Research upgraded shares of AAR from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Tuesday, February 20th. Credit Suisse Group increased their price target on shares of AAR to $51.00 and gave the stock an “outperform” rating in a report on Thursday, March 22nd. Finally, Noble Financial reiterated a “buy” rating on shares of AAR in a report on Thursday, March 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $49.00.

In other news, CEO David P. Storch sold 48,500 shares of the firm’s stock in a transaction that occurred on Thursday, April 5th. The shares were sold at an average price of $43.73, for a total transaction of $2,120,905.00. Following the sale, the chief executive officer now owns 666,673 shares of the company’s stock, valued at approximately $29,153,610.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anthony Anderson sold 5,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 20,411 shares in the company, valued at approximately $899,512.77. The disclosure for this sale can be found here. Insiders have sold a total of 108,500 shares of company stock worth $4,755,155 in the last ninety days. Corporate insiders own 9.33% of the company’s stock.

Shares of AAR opened at $46.91 on Friday, MarketBeat.com reports. AAR Corp has a twelve month low of $33.48 and a twelve month high of $47.56. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.41 and a current ratio of 2.86. The company has a market capitalization of $1.63 billion, a P/E ratio of 32.35 and a beta of 1.23.

AAR (NYSE:AIR) last issued its quarterly earnings results on Tuesday, March 20th. The aerospace company reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The company had revenue of $456.30 million for 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%. AAR’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 EPS. analysts forecast that AAR Corp will post 1.81 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 16th. Stockholders of record on Tuesday, May 1st were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Monday, April 30th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.64%. AAR’s payout ratio is 20.69%.

AAR Company Profile

AAR CORP. provides products and services to commercial aviation, government, and defense markets worldwide. The company's Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services.

Institutional Ownership by Quarter for AAR (NYSE:AIR)

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