Spark Investment Management LLC Has $732,000 Position in AAR Corp. (AIR)
Spark Investment Management LLC held its stake in AAR Corp. (NYSE:AIR) during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 23,400 shares of the company’s stock at the end of the third quarter. Spark Investment Management LLC owned about 0.07% of AAR Corp. worth $732,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of AIR. Victory Capital Management Inc. bought a new stake in AAR Corp. during the third quarter valued at $100,000. MSI Financial Services Inc boosted its stake in AAR Corp. by 1,151.9% in the third quarter. MSI Financial Services Inc now owns 3,568 shares of the company’s stock valued at $112,000 after buying an additional 3,283 shares during the period. Teacher Retirement System of Texas boosted its stake in AAR Corp. by 13.6% in the second quarter. Teacher Retirement System of Texas now owns 4,673 shares of the company’s stock valued at $109,000 after buying an additional 559 shares during the period. Nisa Investment Advisors LLC boosted its stake 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 during the period. Finally, SG Americas Securities LLC bought a new stake in AAR Corp. during the third quarter valued at $178,000. Hedge funds and other institutional investors own 87.98% of the company’s stock.
Shares of AAR Corp. (NYSE:AIR) traded up 1.10% during midday trading on Friday, reaching $32.28. 216,494 shares of the company’s stock were exchanged. The stock has a market cap of $1.09 billion, a PE ratio of 29.00 and a beta of 1.57. The stock’s 50 day moving average is $35.46 and its 200-day moving average is $29.91. AAR Corp. has a 12-month low of $18.36 and a 12-month high of $38.75.
AAR Corp. (NYSE:AIR) last announced its quarterly earnings data on Wednesday, December 21st. The company reported $0.35 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.35. AAR Corp. had a return on equity of 4.88% and a net margin of 2.27%. The business earned $423.80 million during the quarter. During the same period in the prior year, the firm posted $0.30 earnings per share. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, equities analysts expect that AAR Corp. will post $1.43 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 6th. Stockholders of record on Monday, January 23rd will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Thursday, January 19th. AAR Corp.’s dividend payout ratio is presently 26.79%.
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A number of equities analysts recently commented on AIR shares. TheStreet upgraded shares of AAR Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, December 21st. Credit Suisse Group reiterated a “buy” rating and issued a $74.00 target price on shares of AAR Corp. in a research report on Friday, December 2nd. Zacks Investment Research cut shares of AAR Corp. from a “buy” rating to a “hold” rating in a research report on Friday, October 28th. Finally, Gabelli started coverage on shares of AAR Corp. in a research report on Tuesday, October 25th. They issued a “buy” rating and a $43.00 target price on the 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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