Walthausen & Co. LLC reduced its position in shares of AAR Corp. (NYSE:AIR) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 303,190 shares of the aerospace company’s stock after selling 1,460 shares during the quarter. Walthausen & Co. LLC owned 0.90% of AAR Corp. worth $10,539,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. BlackRock Inc. raised its stake in AAR Corp. by 1.6% during the 2nd quarter. BlackRock Inc. now owns 4,731,967 shares of the aerospace company’s stock valued at $164,483,000 after purchasing an additional 74,499 shares during the period. Vanguard Group Inc. raised its stake in AAR Corp. by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 2,924,503 shares of the aerospace company’s stock valued at $98,350,000 after purchasing an additional 157,388 shares during the period. Northern Trust Corp raised its stake in AAR Corp. by 4.7% during the 2nd quarter. Northern Trust Corp now owns 1,278,094 shares of the aerospace company’s stock valued at $44,427,000 after purchasing an additional 57,466 shares during the period. State Street Corp raised its stake in AAR Corp. by 1.6% during the 2nd quarter. State Street Corp now owns 1,119,196 shares of the aerospace company’s stock valued at $38,901,000 after purchasing an additional 17,488 shares during the period. Finally, Rothschild Asset Management Inc. raised its stake in AAR Corp. by 3.9% during the 2nd quarter. Rothschild Asset Management Inc. now owns 662,410 shares of the aerospace company’s stock valued at $23,025,000 after purchasing an additional 24,974 shares during the period. 87.44% of the stock is currently owned by institutional investors.

In related news, VP Robert J. Regan sold 28,640 shares of the business’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $36.53, for a total value of $1,046,219.20. Following the sale, the vice president now directly owns 114,193 shares of the company’s stock, valued at approximately $4,171,470.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Timothy J. Romenesko sold 43,200 shares of the business’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $37.28, for a total transaction of $1,610,496.00. Following the completion of the sale, the insider now directly owns 317,665 shares in the company, valued at $11,842,551.20. The disclosure for this sale can be found here. Insiders sold a total of 91,840 shares of company stock worth $3,401,115 over the last ninety days. 9.33% of the stock is currently owned by insiders.

Several analysts have issued reports on AIR shares. Zacks Investment Research raised shares of AAR Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th. Seaport Global Securities started coverage on shares of AAR Corp. in a research note on Tuesday, September 12th. They set a “neutral” rating and a $39.00 target price on the stock. Noble Financial reissued a “buy” rating on shares of AAR Corp. in a research note on Thursday, July 13th. BidaskClub downgraded shares of AAR Corp. from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Finally, Canaccord Genuity started coverage on shares of AAR Corp. in a research note on Wednesday, September 6th. They set a “hold” rating and a $40.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $45.67.

AAR Corp. (NYSE AIR) traded down 0.9266% during trading on Wednesday, hitting $38.3414. 41,030 shares of the stock were exchanged. The stock has a 50 day moving average price of $36.72 and a 200-day moving average price of $35.58. AAR Corp. has a 12-month low of $30.37 and a 12-month high of $39.71. The firm has a market capitalization of $1.33 billion, a PE ratio of 26.4423 and a beta of 1.37.

AAR Corp. (NYSE:AIR) last announced its quarterly earnings results on Tuesday, September 19th. The aerospace company reported $0.31 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.31. The company had revenue of $439.20 million for the quarter, compared to analysts’ expectations of $410.52 million. AAR Corp. had a net margin of 3.20% and a return on equity of 5.66%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the firm posted $0.29 earnings per share. On average, equities research analysts anticipate that AAR Corp. will post $1.77 earnings per share for the current fiscal year.

AAR Corp. announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, July 11th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the aerospace company to repurchase up to 20.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

COPYRIGHT VIOLATION NOTICE: “AAR Corp. (AIR) Holdings Cut by Walthausen & Co. LLC” was reported by Daily Political and is the property of of Daily Political. If you are accessing this story on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The legal version of this story can be accessed at https://www.dailypolitical.com/2017/10/11/aar-corp-air-holdings-cut-by-walthausen-co-llc.html.

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.

Want to see what other hedge funds are holding AIR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AAR Corp. (NYSE:AIR).

Institutional Ownership by Quarter for AAR Corp. (NYSE:AIR)

Receive News & Ratings for AAR Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AAR Corp. and related companies with MarketBeat.com's FREE daily email newsletter.