Great West Life Assurance Co. Can Cuts Holdings in AAR Corp. (AIR)

Great West Life Assurance Co. Can decreased its holdings in shares of AAR Corp. (NYSE:AIR) by 6.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,946 shares of the aerospace company’s stock after selling 2,770 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.12% of AAR worth $1,621,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. BlackRock Inc. lifted its holdings in AAR 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 last quarter. Northern Trust Corp lifted its holdings in AAR 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 last quarter. State Street Corp lifted its holdings in AAR 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 last quarter. Rothschild Asset Management Inc. increased its position in AAR by 6.1% during the 3rd quarter. Rothschild Asset Management Inc. now owns 702,718 shares of the aerospace company’s stock worth $26,549,000 after buying an additional 40,308 shares during the period. Finally, Foundry Partners LLC increased its position in AAR by 1.9% during the 3rd quarter. Foundry Partners LLC now owns 370,487 shares of the aerospace company’s stock worth $13,997,000 after buying an additional 7,000 shares during the period. 88.02% of the stock is owned by institutional investors and hedge funds.

AAR Corp. (NYSE:AIR) opened at $42.78 on Wednesday. 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 firm has a market capitalization of $1,495.67, a price-to-earnings ratio of 29.19 and a beta of 1.34. AAR Corp. has a 12-month low of $31.20 and a 12-month high of $43.44.

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

In related news, Director Ronald R. Fogleman sold 3,000 shares of the firm’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $33.47, for a total value of $100,410.00. Following the transaction, the director now owns 23,406 shares in the company, valued at $783,398.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.33% of the stock is owned by company insiders.

Several research analysts have weighed in on the company. SunTrust Banks increased their price objective on AAR to $50.00 and gave the stock a “buy” rating in a research report on Monday, December 4th. Zacks Investment Research upgraded AAR from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Canaccord Genuity reiterated a “hold” rating and set a $40.00 price objective on shares of AAR in a research report on Friday, October 13th. Finally, Seaport Global Securities assumed coverage on AAR in a research report on Tuesday, September 12th. They set a “neutral” rating and a $39.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $42.25.

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About AAR

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.

Institutional Ownership by Quarter for AAR (NYSE:AIR)

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