Two Sigma Investments LP trimmed its holdings in AAR Corp (NYSE:AIR) by 83.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,742 shares of the aerospace company’s stock after selling 67,989 shares during the period. Two Sigma Investments LP’s holdings in AAR were worth $540,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in AIR. Macquarie Group Ltd. purchased a new position in shares of AAR in the third quarter valued at about $144,000. Highbridge Capital Management LLC purchased a new position in shares of AAR in the third quarter valued at about $200,000. Investors Research Corp purchased a new position in shares of AAR in the fourth quarter valued at about $342,000. Stone Ridge Asset Management LLC purchased a new position in shares of AAR in the fourth quarter valued at about $403,000. Finally, Alambic Investment Management L.P. purchased a new position in shares of AAR in the fourth quarter valued at about $409,000. Institutional investors and hedge funds own 89.38% of the company’s stock.
In related news, CEO David P. Storch sold 48,500 shares of the business’s stock in a transaction dated Thursday, April 5th. The stock was sold at an average price of $43.73, for a total value of $2,120,905.00. Following the sale, the chief executive officer now directly owns 666,673 shares in the company, valued at $29,153,610.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Peter Pace sold 5,000 shares of the business’s stock in a transaction dated Tuesday, April 3rd. The stock was sold at an average price of $42.58, for a total value of $212,900.00. The disclosure for this sale can be found here. Insiders sold 235,179 shares of company stock worth $10,016,134 over the last quarter. 9.33% of the stock is owned by company insiders.
AAR (NYSE:AIR) last posted its earnings results on Tuesday, March 20th. The aerospace company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 6.02% and a net margin of 1.34%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 earnings per share. equities research analysts anticipate that AAR Corp will post 1.81 EPS for the current year.
Several equities analysts have recently commented on the company. Noble Financial restated a “buy” rating on shares of AAR in a research report on Thursday, March 22nd. Credit Suisse Group boosted their price objective on AAR to $51.00 and gave the company an “outperform” rating in a research report on Thursday, March 22nd. TheStreet upgraded AAR from a “c+” rating to a “b” rating in a research report on Tuesday, March 20th. ValuEngine upgraded AAR from a “hold” rating to a “buy” rating in a research report on Thursday, March 8th. Finally, Zacks Investment Research downgraded AAR from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $49.00.
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.
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