Trexquant Investment LP Buys New Stake in AAR Corp. (NYSE:AIR)

Trexquant Investment LP bought a new stake in AAR Corp. (NYSE:AIR) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 61,069 shares of the aerospace company’s stock, valued at approximately $1,985,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of AAR during the first quarter worth about $26,000. Advisor Group Inc. lifted its position in shares of AAR by 94.8% during the fourth quarter. Advisor Group Inc. now owns 744 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 362 shares in the last quarter. Pearl River Capital LLC acquired a new stake in shares of AAR during the first quarter worth about $36,000. Acadian Asset Management LLC acquired a new stake in shares of AAR during the first quarter worth about $45,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of AAR during the fourth quarter worth about $50,000. 89.46% of the stock is currently owned by institutional investors.

In other news, Director Anthony Anderson sold 3,615 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $33.23, for a total transaction of $120,126.45. Following the transaction, the director now directly owns 19,469 shares in the company, valued at $646,954.87. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 7.43% of the company’s stock.

Shares of AIR stock traded down $0.24 during trading hours on Thursday, reaching $33.17. 854 shares of the stock were exchanged, compared to its average volume of 222,456. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.33 and a current ratio of 2.76. AAR Corp. has a 12-month low of $29.84 and a 12-month high of $51.52. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 18.59 and a beta of 1.07.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Wednesday, May 1st were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.90%. AAR’s dividend payout ratio (DPR) is presently 16.76%.

Several analysts have recently issued reports on AIR shares. Zacks Investment Research raised shares of AAR from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Tuesday, May 21st. Canaccord Genuity reissued a “buy” rating and set a $48.00 price target on shares of AAR in a research report on Wednesday, March 20th. Finally, ValuEngine raised shares of AAR from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $49.50.

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AAR Profile

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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