Monarch Partners Asset Management LLC purchased a new position in shares of AAR Corp. (NYSE:AIR) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 74,620 shares of the aerospace company’s stock, valued at approximately $2,819,000. Monarch Partners Asset Management LLC owned about 0.22% of AAR Corp. at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AIR. Thrivent Financial For Lutherans boosted its position in AAR Corp. by 4.8% during the first quarter. Thrivent Financial For Lutherans now owns 18,010 shares of the aerospace company’s stock worth $606,000 after acquiring an additional 820 shares during the last quarter. Vanguard Group Inc. boosted its holdings in AAR Corp. by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 2,924,503 shares of the aerospace company’s stock valued at $98,350,000 after purchasing an additional 157,388 shares during the last quarter. Geode Capital Management LLC boosted its holdings in AAR Corp. by 3.1% in the 1st quarter. Geode Capital Management LLC now owns 245,316 shares of the aerospace company’s stock valued at $8,249,000 after purchasing an additional 7,431 shares during the last quarter. UBS Group AG boosted its holdings in AAR Corp. by 437.5% in the 1st quarter. UBS Group AG now owns 58,541 shares of the aerospace company’s stock valued at $1,969,000 after purchasing an additional 47,650 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in AAR Corp. by 29,054.7% in the 1st quarter. BlackRock Inc. now owns 4,657,468 shares of the aerospace company’s stock valued at $156,630,000 after purchasing an additional 4,641,493 shares during the last quarter. Hedge funds and other institutional investors own 87.68% of the company’s stock.

Several equities analysts have weighed in on the stock. Noble Financial reiterated a “buy” rating on shares of AAR Corp. in a report on Friday, August 11th. Canaccord Genuity reiterated a “hold” rating and issued a $40.00 target price on shares of AAR Corp. in a report on Friday, October 13th. Zacks Investment Research upgraded shares of AAR Corp. from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. BidaskClub downgraded shares of AAR Corp. from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Seaport Global Securities assumed coverage on shares of AAR Corp. in a research note on Tuesday, September 12th. They issued a “neutral” rating and a $39.00 price target on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $46.20.

Shares of AAR Corp. (NYSE:AIR) opened at $40.58 on Wednesday. AAR Corp. has a 52 week low of $31.20 and a 52 week high of $41.94. The firm has a market cap of $1,399.08, a P/E ratio of 27.30 and a beta of 1.33. The company has a current ratio of 2.90, a quick ratio of 1.38 and a debt-to-equity ratio of 0.20.

AAR Corp. (NYSE:AIR) last announced its earnings results on Tuesday, September 19th. The aerospace company reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. AAR Corp. had a net margin of 3.20% and a return on equity of 5.66%. The firm had revenue of $439.20 million for the quarter, compared to the consensus estimate of $410.52 million. During the same period in the prior year, the firm earned $0.29 EPS. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. analysts predict that AAR Corp. will post 1.81 earnings per share for the current year.

AAR Corp. announced that its Board of Directors has approved a share buyback plan on Tuesday, July 11th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the aerospace company to repurchase up to 20.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 3rd. Investors of record on Monday, October 23rd were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.74%. The ex-dividend date was Friday, October 20th. AAR Corp.’s payout ratio is currently 17.86%.

In other AAR Corp. news, Director Ronald R. Fogleman sold 3,000 shares of the stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $33.47, for a total value of $100,410.00. Following the sale, the director now directly owns 23,406 shares of the company’s stock, valued at approximately $783,398.82. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 9.33% of the stock is owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: This piece of content was posted by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark law. The original version of this piece of content can be viewed at https://www.watchlistnews.com/monarch-partners-asset-management-llc-purchases-shares-of-74620-aar-corp-air/1687970.html.

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.

Want to see what other hedge funds are holding AIR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AAR Corp. (NYSE:AIR).

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

Receive News & Ratings for AAR Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AAR Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.