Wells Fargo & Company MN Grows Holdings in AAR Corp. (AIR)

Wells Fargo & Company MN raised its stake in AAR Corp. (NYSE:AIR) by 43.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,278 shares of the aerospace company’s stock after buying an additional 13,199 shares during the period. Wells Fargo & Company MN owned about 0.13% of AAR worth $1,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in AIR. Macquarie Group Ltd. bought a new stake in shares of AAR in the 3rd quarter valued at about $144,000. Victory Capital Management Inc. raised its holdings in shares of AAR by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,262 shares of the aerospace company’s stock valued at $148,000 after purchasing an additional 639 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of AAR in the 2nd quarter valued at about $213,000. OxFORD Asset Management LLP bought a new stake in shares of AAR in the 2nd quarter valued at about $230,000. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of AAR in the 2nd quarter valued at about $240,000. 87.77% of the stock is owned by institutional investors.

AAR Corp. (NYSE AIR) opened at $41.80 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.23 and a current ratio of 2.65. The company has a market cap of $1,423.21, a P/E ratio of 27.69 and a beta of 1.36. AAR Corp. has a 52 week low of $31.23 and a 52 week high of $44.04.

AAR (NYSE:AIR) last posted its quarterly earnings data on Thursday, December 21st. The aerospace company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.02). The firm had revenue of $449.70 million for the quarter, compared to the consensus estimate of $450.56 million. AAR had a return on equity of 5.61% and a net margin of 1.25%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.35 EPS. analysts forecast that AAR Corp. will post 1.86 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 5th. Investors of record on Monday, January 22nd will be paid a dividend of $0.075 per share. The ex-dividend date is Friday, January 19th. This represents a $0.30 annualized dividend and a dividend yield of 0.72%. AAR’s dividend payout ratio (DPR) is presently 44.78%.

In other AAR news, CEO David P. Storch sold 126,679 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $41.53, for a total transaction of $5,260,978.87. Following the transaction, the chief executive officer now owns 759,639 shares in the company, valued at approximately $31,547,807.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ronald R. Fogleman sold 3,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 23,406 shares in the company, valued at approximately $783,398.82. The disclosure for this sale can be found here. Insiders own 9.33% of the company’s stock.

Several equities research analysts have recently commented on AIR shares. Seaport Global Securities upgraded shares of AAR from a “neutral” rating to a “buy” rating and boosted their price target for the company from $39.00 to $50.00 in a report on Tuesday. SunTrust Banks boosted their price objective on shares of AAR to $50.00 and gave the stock a “buy” rating in a research note on Monday, December 4th. Noble Financial reiterated a “buy” rating on shares of AAR in a research note on Friday, December 22nd. TheStreet lowered shares of AAR from a “b” rating to a “c+” rating in a research note on Thursday, December 21st. Finally, Canaccord Genuity reiterated a “hold” rating and set a $40.00 price objective on shares of AAR in a research note on Friday, October 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $45.00.

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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.

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Institutional Ownership by Quarter for AAR (NYSE:AIR)

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