Dean Capital Management Raises Holdings in AAR Corp. $AIR

Dean Capital Management lifted its holdings in AAR Corp. (NYSE:AIR) by 34.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 23,504 shares of the aerospace company’s stock after acquiring an additional 5,974 shares during the quarter. Dean Capital Management’s holdings in AAR were worth $1,946,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. McMillan Office Inc. acquired a new stake in AAR in the fourth quarter valued at approximately $25,000. Morse Asset Management Inc purchased a new position in AAR in the third quarter worth $27,000. Danske Bank A S acquired a new position in shares of AAR during the fourth quarter worth $28,000. Optiver Holding B.V. acquired a new position in shares of AAR during the third quarter worth $31,000. Finally, NBC Securities Inc. purchased a new stake in shares of AAR during the 4th quarter valued at $28,000. 90.74% of the stock is currently owned by hedge funds and other institutional investors.

AAR Trading Up 2.4%

NYSE AIR opened at $135.35 on Friday. AAR Corp. has a 12-month low of $66.75 and a 12-month high of $135.48. The company has a fifty day simple moving average of $115.89 and a two-hundred day simple moving average of $106.57. The company has a current ratio of 2.70, a quick ratio of 1.23 and a debt-to-equity ratio of 0.54. The stock has a market cap of $5.38 billion, a P/E ratio of 30.01 and a beta of 1.13.

AAR (NYSE:AIR) last announced its quarterly earnings data on Tuesday, March 24th. The aerospace company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.04. AAR had a net margin of 5.46% and a return on equity of 12.39%. The firm had revenue of $845.10 million for the quarter, compared to analyst estimates of $812.58 million. During the same period in the previous year, the company earned $0.99 earnings per share. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. On average, analysts forecast that AAR Corp. will post 4.97 earnings per share for the current year.

Insider Buying and Selling

In other AAR news, CEO John Mcclain Holmes III sold 26,175 shares of AAR stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $107.60, for a total transaction of $2,816,430.00. Following the completion of the sale, the chief executive officer owned 235,064 shares of the company’s stock, valued at approximately $25,292,886.40. The trade was a 10.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AIR. KeyCorp raised their price objective on AAR from $120.00 to $132.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Royal Bank Of Canada increased their price target on AAR from $105.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, March 25th. Zacks Research downgraded AAR from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Jefferies Financial Group raised their price target on AAR to $150.00 and gave the stock a “buy” rating in a report on Tuesday, March 24th. Finally, Wall Street Zen lowered AAR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, AAR currently has a consensus rating of “Moderate Buy” and an average target price of $131.20.

About AAR

AAR Corp. (NYSE: AIR) is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.

In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.