Teachers Retirement System of The State of Kentucky Sells 20,047 Shares of AAR Corp. $AIR

Teachers Retirement System of The State of Kentucky cut its stake in shares of AAR Corp. (NYSE:AIR) by 67.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,474 shares of the aerospace company’s stock after selling 20,047 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in AAR were worth $1,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Wellington Management Group LLP increased its position in shares of AAR by 144.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,486,775 shares of the aerospace company’s stock valued at $133,319,000 after purchasing an additional 878,188 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in AAR by 297.4% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 594,668 shares of the aerospace company’s stock worth $49,233,000 after buying an additional 445,026 shares during the last quarter. UBS Group AG boosted its stake in AAR by 709.2% during the third quarter. UBS Group AG now owns 488,239 shares of the aerospace company’s stock worth $43,780,000 after buying an additional 427,906 shares during the period. State Street Corp boosted its stake in AAR by 17.1% during the fourth quarter. State Street Corp now owns 2,320,927 shares of the aerospace company’s stock worth $192,150,000 after buying an additional 339,595 shares during the period. Finally, Franklin Resources Inc. boosted its stake in AAR by 36.9% during the third quarter. Franklin Resources Inc. now owns 1,154,167 shares of the aerospace company’s stock worth $107,752,000 after buying an additional 311,258 shares during the period. 90.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AIR has been the topic of several recent analyst reports. Royal Bank Of Canada increased their target price on shares of AAR from $105.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, March 25th. Zacks Research raised shares of AAR from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. Weiss Ratings downgraded shares of AAR from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, July 8th. Wall Street Zen lowered shares of AAR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Finally, Jefferies Financial Group upped their target price on AAR from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $132.20.

AAR Trading Up 1.0%

AIR stock opened at $135.86 on Thursday. AAR Corp. has a 12 month low of $71.43 and a 12 month high of $146.75. The firm’s 50-day moving average is $123.79 and its 200 day moving average is $113.84. The company has a market capitalization of $5.40 billion, a PE ratio of 30.13 and a beta of 1.09. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.70 and a quick ratio of 1.23.

About AAR

AAR Corp. (NYSE: AIR) is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.

In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.