Trading Report: The Strs Ohio Acquires 29,200 Shares of AAR Corp. (AIR)

The Strs Ohio Acquires 29,200  Shares of AAR Corp. (AIR)

Strs Ohio acquired a new stake in shares of AAR Corp. (NYSE:AIR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 29,200 shares of the company’s stock, valued at approximately $914,000. Strs Ohio owned approximately 0.09% of AAR Corp. as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Arizona State Retirement System increased its position in AAR Corp. by 0.6% in the second quarter. Arizona State Retirement System now owns 16,946 shares of the company’s stock valued at $396,000 after buying an additional 100 shares in the last quarter. Anchor Capital Advisors LLC increased its position in AAR Corp. by 0.6% in the second quarter. Anchor Capital Advisors LLC now owns 22,989 shares of the company’s stock valued at $537,000 after buying an additional 141 shares in the last quarter. Nisa Investment Advisors LLC increased its position in AAR Corp. by 2.8% in the second quarter. Nisa Investment Advisors LLC now owns 5,450 shares of the company’s stock valued at $127,000 after buying an additional 150 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in AAR Corp. by 4.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 9,400 shares of the company’s stock valued at $219,000 after buying an additional 400 shares in the last quarter. Finally, Profund Advisors LLC increased its position in AAR Corp. by 4.7% in the second quarter. Profund Advisors LLC now owns 10,860 shares of the company’s stock valued at $253,000 after buying an additional 490 shares in the last quarter. 88.19% of the stock is owned by institutional investors.

Shares of AAR Corp. (NYSE:AIR) opened at 31.83 on Friday. The company has a market cap of $1.08 billion, a P/E ratio of 32.22 and a beta of 1.64. AAR Corp. has a 12 month low of $18.36 and a 12 month high of $32.45. The stock’s 50 day moving average price is $30.24 and its 200-day moving average price is $25.64.

AAR Corp. (NYSE:AIR) last announced its quarterly earnings results on Thursday, September 22nd. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. The firm had revenue of $404.80 million for the quarter. AAR Corp. had a return on equity of 4.70% and a net margin of 2.03%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 earnings per share. Equities research analysts expect that AAR Corp. will post $1.43 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 4th. Stockholders of record on Monday, October 24th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Thursday, October 20th. AAR Corp.’s payout ratio is currently 30.00%.

A number of analysts have weighed in on the stock. Zacks Investment Research downgraded shares of AAR Corp. from a “buy” rating to a “hold” rating in a research report on Friday. Gabelli assumed coverage on shares of AAR Corp. in a research report on Tuesday, October 25th. They set a “buy” rating and a $43.00 target price for the company. Credit Suisse Group AG reissued a “buy” rating and set a $74.00 target price on shares of AAR Corp. in a research report on Tuesday, October 11th. Finally, TheStreet raised shares of AAR Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, July 13th.

In other AAR Corp. news, Director Peter Pace sold 5,000 shares of the stock in a transaction dated Monday, September 26th. The stock was sold at an average price of €29.13 ($32.01), for a total value of €145,650.00 ($160,054.95). Following the transaction, the director now owns 20,048 shares of the company’s stock, valued at €583,998.24 ($641,756.31). The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Robert J. Regan sold 14,002 shares of the stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of €30.92 ($33.98), for a total value of €432,941.84 ($475,760.26). Following the completion of the transaction, the vice president now directly owns 141,314 shares in the company, valued at approximately €4,369,428.88 ($4,801,570.20). The disclosure for this sale can be found here. Insiders own 8.23% of the company’s stock.

About AAR Corp.

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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