Walthausen & Co. LLC Has $11.40 Million Position in AAR Corp. (AIR)
Walthausen & Co. LLC reduced its holdings in AAR Corp. (NYSE:AIR) by 0.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 301,610 shares of the aerospace company’s stock after selling 1,580 shares during the period. Walthausen & Co. LLC owned approximately 0.87% of AAR worth $11,395,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in AIR. Piedmont Investment Advisors LLC acquired a new stake in AAR in the second quarter worth $240,000. Heartland Advisors Inc. raised its holdings in AAR by 99.4% in the second quarter. Heartland Advisors Inc. now owns 273,369 shares of the aerospace company’s stock worth $9,502,000 after purchasing an additional 136,261 shares during the period. American Century Companies Inc. acquired a new stake in AAR in the second quarter worth $4,659,000. Great West Life Assurance Co. Can raised its holdings in AAR by 3.8% in the second quarter. Great West Life Assurance Co. Can now owns 45,716 shares of the aerospace company’s stock worth $1,588,000 after purchasing an additional 1,656 shares during the period. Finally, Monarch Partners Asset Management LLC acquired a new stake in AAR in the third quarter worth $2,819,000. Institutional investors and hedge funds own 88.07% of the company’s stock.
In related news, Director Ronald R. Fogleman sold 3,000 shares of the firm’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $33.47, for a total transaction of $100,410.00. Following the sale, the director now directly owns 23,406 shares in the company, valued at $783,398.82. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 9.33% of the company’s stock.
Shares of AAR Corp. (NYSE:AIR) opened at $41.69 on Wednesday. AAR Corp. has a twelve month low of $31.20 and a twelve month high of $42.82. The company has a current ratio of 2.90, a quick ratio of 1.38 and a debt-to-equity ratio of 0.20. The company has a market cap of $1,445.47, a price-to-earnings ratio of 28.21 and a beta of 1.34.
AAR (NYSE:AIR) last issued its quarterly earnings data on Tuesday, September 19th. The aerospace company reported $0.31 EPS for the quarter, hitting analysts’ consensus estimates of $0.31. AAR had a net margin of 3.20% and a return on equity of 5.66%. The business had revenue of $439.20 million for the quarter, compared to analyst estimates of $410.52 million. During the same period last year, the business posted $0.29 earnings per share. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. analysts predict that AAR Corp. will post 1.81 EPS for the current year.
AIR has been the topic of several analyst reports. Seaport Global Securities initiated coverage on shares of AAR in a report on Tuesday, September 12th. They issued a “neutral” rating and a $39.00 target price on the stock. SunTrust Banks increased their target price on shares of AAR to $50.00 and gave the stock a “buy” rating in a report on Monday, December 4th. Canaccord Genuity initiated coverage on shares of AAR in a report on Wednesday, September 6th. They issued a “hold” rating and a $40.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of AAR from a “sell” rating to a “hold” rating in a report on Thursday, September 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $42.25.
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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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