Columbus Circle Investors Grows Position in AAR Corp. (AIR)
Columbus Circle Investors increased its position in AAR Corp. (NYSE:AIR) by 9.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 237,530 shares of the aerospace company’s stock after acquiring an additional 20,726 shares during the period. Columbus Circle Investors owned approximately 0.69% of AAR Corp. worth $8,974,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in shares of AAR Corp. by 1.6% in the 2nd quarter. BlackRock Inc. now owns 4,731,967 shares of the aerospace company’s stock worth $164,483,000 after acquiring an additional 74,499 shares during the period. Vanguard Group Inc. grew its holdings 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 buying an additional 157,388 shares during the last quarter. Northern Trust Corp grew its holdings 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 buying an additional 57,466 shares during the last quarter. State Street Corp grew its holdings 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 buying an additional 17,488 shares during the last quarter. Finally, Rothschild Asset Management Inc. grew its holdings 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 buying an additional 24,974 shares during the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.
A number of brokerages have commented on AIR. Noble Financial reiterated a “buy” rating on shares of AAR Corp. in a report on Friday, August 11th. Canaccord Genuity reiterated a “hold” rating and set a $40.00 target price on shares of AAR Corp. in a report on Friday, October 13th. Zacks Investment Research upgraded AAR Corp. from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. BidaskClub cut AAR Corp. from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Seaport Global Securities began coverage on AAR Corp. in a report on Tuesday, September 12th. They set a “neutral” rating and a $39.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $46.20.
AAR Corp. (NYSE AIR) traded down $0.29 during mid-day trading on Monday, hitting $39.68. The stock had a trading volume of 374,000 shares, compared to its average volume of 179,237. AAR Corp. has a 1-year low of $31.20 and a 1-year high of $41.94. The company has a quick ratio of 1.38, a current ratio of 2.90 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $1,370.00, a PE ratio of 26.81 and a beta of 1.33.
AAR Corp. (NYSE:AIR) last posted its quarterly earnings data on Tuesday, September 19th. The aerospace company reported $0.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.31. AAR Corp. had a return on equity of 5.66% and a net margin of 3.20%. The business had revenue of $439.20 million for the quarter, compared to analysts’ expectations of $410.52 million. During the same quarter last year, the firm earned $0.29 earnings per share. The business’s revenue was up 8.5% on a year-over-year basis. sell-side analysts forecast that AAR Corp. will post 1.81 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 3rd. Stockholders of record on Monday, October 23rd were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Friday, October 20th. AAR Corp.’s dividend payout ratio (DPR) is 20.41%.
In other 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 transaction of $100,410.00. Following the sale, the director now owns 23,406 shares in the company, valued at $783,398.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.33% of the stock is owned by company insiders.
COPYRIGHT VIOLATION WARNING: “Columbus Circle Investors Grows Position in AAR Corp. (AIR)” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another domain, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/11/20/columbus-circle-investors-grows-position-in-aar-corp-air.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).
Receive News & Stock 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 stocks with our FREE daily email newsletter.