Deprince Race & Zollo Inc. Increases Stake in AAR Corp. (AIR)
Deprince Race & Zollo Inc. increased its stake in AAR Corp. (NYSE:AIR) by 210.1% during the second quarter, Holdings Channel reports. The institutional investor owned 1,002,162 shares of the company’s stock after buying an additional 678,993 shares during the period. Deprince Race & Zollo Inc.’s holdings in AAR Corp. were worth $23,390,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of AIR. Nisa Investment Advisors LLC raised its stake in AAR Corp. by 2.8% in the second quarter. Nisa Investment Advisors LLC now owns 5,450 shares of the company’s stock valued at $127,000 after buying an additional 150 shares in the last quarter. Springbok Capital Management LLC raised its stake in 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 in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in AAR Corp. by 4.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 9,400 shares of the company’s stock valued at $219,000 after buying an additional 400 shares in the last quarter. Algert Global LLC bought a new stake in AAR Corp. during the first quarter valued at about $252,000. Finally, BNP Paribas Arbitrage SA raised its stake in AAR Corp. by 101.1% in the second quarter. BNP Paribas Arbitrage SA now owns 10,865 shares of the company’s stock valued at $254,000 after buying an additional 5,462 shares in the last quarter. Institutional investors own 87.85% of the company’s stock.
AAR Corp. (NYSE:AIR) traded up 1.21% during trading on Wednesday, hitting $31.69. 334,622 shares of the stock were exchanged. AAR Corp. has a 52 week low of $18.36 and a 52 week high of $31.77. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 32.07 and a beta of 1.64. The firm has a 50-day moving average of $27.43 and a 200-day moving average of $24.63.
AAR Corp. (NYSE:AIR) last announced its quarterly earnings data on Thursday, September 22nd. The company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.03. The business had revenue of $404.80 million for the quarter. AAR Corp. had a net margin of 2.03% and a return on equity of 4.70%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 EPS. Equities research analysts anticipate that AAR Corp. will post $1.44 earnings per share for the current fiscal year.
AIR has been the subject of a number of analyst reports. TheStreet raised shares of AAR Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, July 13th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of AAR Corp. in a report on Friday, June 10th. Finally, Zacks Investment Research raised shares of AAR Corp. from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 13th.
In other AAR Corp. news, Director Peter Pace sold 5,000 shares of the company’s stock in a transaction on Monday, September 26th. The shares were sold at an average price of €29.13 ($32.37), for a total transaction of €145,650.00 ($161,833.33). Following the sale, the director now directly owns 20,048 shares of the company’s stock, valued at €583,998.24 ($648,886.93). The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Robert J. Regan sold 14,002 shares of the company’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of €30.92 ($34.36), for a total transaction of €432,941.84 ($481,046.49). Following the sale, 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. Company insiders own 8.23% of the company’s stock.
AAR Corp. Company Profile
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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