BNP Paribas Arbitrage SA lifted its holdings in shares of AAR Corp. (NYSE:AIR) by 72.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,545 shares of the aerospace company’s stock after acquiring an additional 7,382 shares during the period. BNP Paribas Arbitrage SA owned 0.05% of AAR worth $663,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in AIR. Aperio Group LLC grew its position in AAR by 9.1% in the 2nd quarter. Aperio Group LLC now owns 14,676 shares of the aerospace company’s stock valued at $510,000 after buying an additional 1,223 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its position in AAR by 6.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 10,960 shares of the aerospace company’s stock valued at $381,000 after buying an additional 680 shares during the last quarter. Great West Life Assurance Co. Can grew its position in AAR by 3.8% in the 2nd quarter. Great West Life Assurance Co. Can now owns 45,716 shares of the aerospace company’s stock valued at $1,588,000 after buying an additional 1,656 shares during the last quarter. Texas Permanent School Fund grew its position in AAR by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 23,309 shares of the aerospace company’s stock valued at $810,000 after buying an additional 195 shares during the last quarter. Finally, Sei Investments Co. grew its position in AAR by 15.5% in the 2nd quarter. Sei Investments Co. now owns 108,581 shares of the aerospace company’s stock valued at $3,774,000 after buying an additional 14,586 shares during the last quarter. Institutional investors and hedge funds own 87.90% of the company’s stock.

A number of equities analysts recently weighed in on the stock. SunTrust Banks lifted their price objective on shares of AAR to $50.00 and gave the company a “buy” rating in a research report on Monday. Zacks Investment Research upgraded shares of AAR from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Canaccord Genuity restated a “hold” rating and set a $40.00 target price on shares of AAR in a research report on Friday, October 13th. Noble Financial restated a “buy” rating on shares of AAR in a research report on Friday, August 11th. Finally, Seaport Global Securities initiated coverage on shares of AAR in a research report on Tuesday, September 12th. They set a “neutral” rating and a $39.00 target price on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $42.25.

Shares of AAR Corp. (AIR) opened at $42.19 on Wednesday. The company has a market cap of $1,460.01, a price-to-earnings ratio of 28.49 and a beta of 1.34. AAR Corp. has a 1 year low of $31.20 and a 1 year high of $42.57. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.38 and a current ratio of 2.90.

AAR (NYSE:AIR) last released its quarterly earnings results on Tuesday, September 19th. The aerospace company reported $0.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.31. The business had revenue of $439.20 million during the quarter, compared to the consensus estimate of $410.52 million. AAR had a return on equity of 5.66% and a net margin of 3.20%. The business’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.29 EPS. sell-side analysts predict that AAR Corp. will post 1.81 earnings per share for the current fiscal year.

In other news, Director Ronald R. Fogleman sold 3,000 shares of AAR stock in a transaction on Friday, December 29th. The stock was sold at an average price of $33.47, for a total transaction of $100,410.00. Following the completion of the transaction, the director now owns 23,406 shares of the company’s stock, valued at approximately $783,398.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 9.33% of the company’s stock.

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

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