Schwab Charles Investment Management Inc. Raises Holdings in AAR Corp. (AIR)

Schwab Charles Investment Management Inc. boosted its position in shares of AAR Corp. (NYSE:AIR) by 5.0% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 311,303 shares of the aerospace company’s stock after acquiring an additional 14,877 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.90% of AAR worth $11,762,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of AAR by 1.6% in the 2nd quarter. BlackRock Inc. now owns 4,731,967 shares of the aerospace company’s stock valued at $164,483,000 after buying an additional 74,499 shares during the period. Northern Trust Corp lifted its holdings in shares of AAR by 4.7% in the 2nd quarter. Northern Trust Corp now owns 1,278,094 shares of the aerospace company’s stock valued at $44,427,000 after buying an additional 57,466 shares during the period. State Street Corp lifted its holdings in shares of AAR by 1.6% in the 2nd quarter. State Street Corp now owns 1,119,196 shares of the aerospace company’s stock valued at $38,901,000 after buying an additional 17,488 shares during the period. Rothschild Asset Management Inc. lifted its holdings in shares of AAR by 6.1% in the 3rd quarter. Rothschild Asset Management Inc. now owns 702,718 shares of the aerospace company’s stock valued at $26,549,000 after buying an additional 40,308 shares during the period. Finally, Foundry Partners LLC lifted its holdings in shares of AAR by 1.9% in the 3rd quarter. Foundry Partners LLC now owns 370,487 shares of the aerospace company’s stock valued at $13,997,000 after buying an additional 7,000 shares during the period. 88.03% of the stock is owned by institutional investors.

In related news, Director Ronald R. Fogleman sold 3,000 shares of AAR stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $33.47, for a total value of $100,410.00. Following the completion of the transaction, the director now owns 23,406 shares in the company, valued at approximately $783,398.82. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 9.33% of the stock is owned by insiders.

AAR Corp. (NYSE:AIR) opened at $39.65 on Thursday. The company has a quick ratio of 1.38, a current ratio of 2.67 and a debt-to-equity ratio of 0.24. AAR Corp. has a 52 week low of $31.20 and a 52 week high of $44.04. The firm has a market capitalization of $1,390.00, a PE ratio of 86.20 and a beta of 1.34.

AAR (NYSE:AIR) last announced its quarterly earnings results on Thursday, December 21st. The aerospace company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). AAR had a net margin of 1.25% and a return on equity of 5.61%. The business had revenue of $449.70 million during the quarter, compared to analysts’ expectations of $450.56 million. During the same quarter in the prior year, the firm earned $0.35 EPS. AAR’s revenue for the quarter was up 6.1% on a year-over-year basis. research analysts forecast that AAR Corp. will post 1.78 earnings per share for the current year.

Several brokerages have recently issued reports on AIR. TheStreet cut AAR from a “b” rating to a “c+” rating in a report on Thursday, December 21st. Canaccord Genuity reissued a “hold” rating and issued a $40.00 price objective on shares of AAR in a report on Friday, October 13th. Zacks Investment Research upgraded AAR from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. Noble Financial restated a “buy” rating on shares of AAR in a research note on Friday, December 22nd. Finally, SunTrust Banks lifted their price target on AAR to $50.00 and gave the company a “buy” rating in a research note on Monday, December 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. AAR currently has an average rating of “Hold” and a consensus price target of $42.25.

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AAR Profile

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.

Institutional Ownership by Quarter for AAR (NYSE:AIR)

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