BNP Paribas Arbitrage SA raised its stake in AAR Corp. (NYSE:AIR) by 12.2% during the first quarter, Holdings Channel reports. The firm owned 6,579 shares of the aerospace company’s stock after buying an additional 715 shares during the period. BNP Paribas Arbitrage SA’s holdings in AAR Corp. were worth $221,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AIR. Bank of Montreal Can boosted its stake in AAR Corp. by 10.1% in the first quarter. Bank of Montreal Can now owns 3,371 shares of the aerospace company’s stock valued at $114,000 after buying an additional 309 shares during the period. State of Alaska Department of Revenue boosted its stake in AAR Corp. by 0.9% in the first quarter. State of Alaska Department of Revenue now owns 3,520 shares of the aerospace company’s stock valued at $118,000 after buying an additional 30 shares during the period. Louisiana State Employees Retirement System boosted its stake in AAR Corp. by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 13,000 shares of the aerospace company’s stock valued at $437,000 after buying an additional 200 shares during the period. Thrivent Financial for Lutherans boosted its stake in AAR Corp. by 4.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 17,190 shares of the aerospace company’s stock valued at $568,000 after buying an additional 800 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in AAR Corp. by 132.0% in the first quarter. Advisors Asset Management Inc. now owns 17,747 shares of the aerospace company’s stock valued at $597,000 after buying an additional 10,097 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Institutional Ownership by Quarter for AAR Corp. (NYSE:AIR)

AAR Corp. (AIR) opened at 35.18 on Friday. AAR Corp. has a one year low of $21.78 and a one year high of $38.75. The firm has a market cap of $1.19 billion, a PE ratio of 25.70 and a beta of 1.41. The company has a 50-day moving average price of $34.99 and a 200-day moving average price of $34.34.

AAR Corp. (NYSE:AIR) last announced its earnings results on Tuesday, March 21st. The aerospace company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.02. AAR Corp. had a net margin of 2.73% and a return on equity of 5.32%. The company had revenue of $446.70 million for the quarter, compared to the consensus estimate of $421.60 million. During the same period in the previous year, the business earned $0.26 EPS. The company’s revenue was up 8.4% on a year-over-year basis. Equities analysts predict that AAR Corp. will post $1.46 earnings per share for the current fiscal year.

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Several research firms have recently issued reports on AIR. Noble Financial began coverage on AAR Corp. in a report on Monday, April 3rd. They set a “buy” rating and a $40.00 price objective on the stock. Zacks Investment Research upgraded AAR Corp. from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Wednesday, June 7th. Six research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average price target of $46.80.

In other news, Director Anthony Anderson sold 3,500 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $35.21, for a total transaction of $123,235.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP John Mcclain Holmes III sold 5,000 shares of the business’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $34.10, for a total transaction of $170,500.00. Following the transaction, the vice president now owns 129,030 shares in the company, valued at $4,399,923. 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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