AAR Corp. (AIR) Holdings Lifted by Hsbc Holdings PLC

Hsbc Holdings PLC grew its holdings in AAR Corp. (NYSE:AIR) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,963 shares of the aerospace company’s stock after acquiring an additional 391 shares during the period. Hsbc Holdings PLC’s holdings in AAR were worth $222,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of AAR by 3.6% in the 4th quarter. BlackRock Inc. now owns 6,159,968 shares of the aerospace company’s stock valued at $230,014,000 after acquiring an additional 214,712 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of AAR by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 3,266,895 shares of the aerospace company’s stock valued at $156,452,000 after acquiring an additional 79,403 shares during the last quarter. Vanguard Group Inc boosted its holdings in shares of AAR by 2.5% in the 3rd quarter. Vanguard Group Inc now owns 3,266,895 shares of the aerospace company’s stock valued at $156,452,000 after acquiring an additional 79,403 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of AAR by 1.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,952,287 shares of the aerospace company’s stock valued at $141,384,000 after acquiring an additional 41,766 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of AAR by 0.6% in the 4th quarter. Northern Trust Corp now owns 1,266,157 shares of the aerospace company’s stock valued at $47,279,000 after acquiring an additional 7,454 shares during the last quarter. 90.82% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director David P. Storch sold 30,000 shares of the stock in a transaction on Thursday, January 10th. The shares were sold at an average price of $38.72, for a total transaction of $1,161,600.00. Following the sale, the director now directly owns 612,822 shares of the company’s stock, valued at $23,728,467.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 7.43% of the company’s stock.

AIR has been the topic of several recent research reports. ValuEngine downgraded shares of AAR from a “hold” rating to a “sell” rating in a report on Tuesday, February 19th. Canaccord Genuity reaffirmed a “buy” rating and issued a $48.00 price objective on shares of AAR in a report on Wednesday, March 20th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $52.33.

Shares of NYSE AIR opened at $33.48 on Tuesday. AAR Corp. has a 1 year low of $31.51 and a 1 year high of $51.52. The firm has a market cap of $1.14 billion, a P/E ratio of 13.22 and a beta of 1.00. The company has a current ratio of 2.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.20.

AAR (NYSE:AIR) last announced its quarterly earnings results on Tuesday, March 19th. The aerospace company reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.10. AAR had a negative net margin of 0.17% and a positive return on equity of 9.30%. The firm had revenue of $529.50 million for the quarter, compared to the consensus estimate of $539.70 million. During the same period in the prior year, the firm posted $0.49 earnings per share. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, research analysts anticipate that AAR Corp. will post 2.54 EPS for the current year.

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About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The company operates in two segments, Aviation Services and Expeditionary Services. The Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services.

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Institutional Ownership by Quarter for AAR (NYSE:AIR)

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