Economy

AAR Corp. (AIR) Holdings Lifted by Chicago Equity Partners LLC

AAR Corp. (AIR) Holdings Lifted by Chicago Equity Partners LLC”

Shares in AIR gained 63 cents, or 1.7%, to $37.18, by noon ET on Tuesday.

AAR CORP. (AAR), launched on April 11, 1966, is a provider of services and products to the commercial aviation and government and defense markets. It worsened, as 14 investors sold AAR Corp. shares while 57 reduced holdings. "Any negative revision in the defense budget could also dampen its top line".

A number of equities research analysts recently commented on the stock. Invesco Ltd has 0% invested in AAR Corp. (AIR) opened at 37.71 on Wednesday. The firm earned "Hold" rating on Wednesday, September 6 by Canaccord Genuity. The stock has "Hold" rating by Seaport Global on Tuesday, September 12. They issued a neutral rating and a $39.00 price target on the stock. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2 average brokerage recommendation. AAR Corp. has a consensus rating of Hold and a consensus price target of $44.71.

Among 6 analysts covering AAR Corp. The firm has "Buy" rating given on Thursday, January 19 by Suntrust Robinson. AAR Corp. has recorded a 50-day average of $35.79 and a two hundred day average of $35.05.

AAR Corp. has a 52 week low of $27.59 and a 52 week high of $38.75. This company shares are 8.72% off its target price of $41 and the current market capitalization stands at $1.31B. The aerospace company reported $0.44 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.43 by $0.01. AAR Corp. The company had revenue of $439.20 million for the quarter, compared to the consensus estimate of $410.52 million. The company's quarterly revenue was up 8.5% compared to the same quarter past year. Next quarter's EPS is forecasted at $0.37 with next year's EPS projected to be $2.31. After having $0.44 EPS previously, AAR Corp.'s analysts see -34.09% EPS growth. "(AIR) Stock Rating Upgraded by Zacks Investment Research" was originally reported by BBNS and is owned by of BBNS. If you are viewing this report on another website, it was illegally stolen and reposted in violation of USA and worldwide trademark and copyright law.

Several analysts have released their opinion on AAR Corp.

AAR Corp. announced that its board has approved a share buyback program on Tuesday, July 11th that permits the company to repurchase $250.00 million in outstanding shares. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued. Ronald B. Woodard, Director let go of $744,400 worth of shares at an average price of $37.22 on Thursday the 13th. The shares were sold at an average price of $36.53, for a total transaction of $1,046,219.20. Following the completion of the transaction, the vice president now directly owns 114,193 shares in the company, valued at $4,171,470.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The biggest holder now is Mr. David P. Storch who owns 760,999 shares (2.20% of those outstanding), whilst Mr. Timothy J. Romenesko holds 273,667 (0.79% of shares outstanding) and Mr. John Holmes holds 153,345 (0.44% of shares outstanding). The disclosure for this sale can be found here. 3,500 shares were sold by Anderson Anthony, worth $123,230 on Tuesday, May 16. Insiders own 9.33% of the company's stock. The company's shares were given away at $37.28 per share worth to an income of some $1,610,496 on account of Romenesko Timothy J.

City Of London Investment Management Co Ltd holds 2.75% of its portfolio in Templeton Emerging Markets for 2.83 million shares. Victory Capital Management Inc. grew its position in shares of AAR Corp.by 15.9% during the first quarter. Trading volume was up 26.99% over the stocks average daily volume.

As of the end of the quarter Two Sigma Advisers, Lp had disposed of 17,100 shares trimming its position 19.0%. Ubs Group Ag added to its position by buying 372 shares an increase of 79.7% from 03/31/2017 to 06/30/2017. The Fund seeks long-term capital appreciation by investing, under normal market conditions, at least over 80% of its net assets in emerging country equity securities or those companies, which derive a proportion of their revenues from emerging economies.



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