Anchor Capital Advisors LLC Has $1.57 Million Position in AAR Corp. (AIR)
Anchor Capital Advisors LLC boosted its holdings in AAR Corp. (NYSE:AIR) by 47.5% in the fourth quarter, HoldingsChannel reports. The firm owned 39,884 shares of the aerospace company’s stock after purchasing an additional 12,844 shares during the quarter. Anchor Capital Advisors LLC’s holdings in AAR were worth $1,567,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in AIR. Vaughan Nelson Investment Management L.P. bought a new position in AAR in the fourth quarter valued at $30,164,000. OxFORD Asset Management LLP grew its position in AAR by 2,831.6% in the third quarter. OxFORD Asset Management LLP now owns 194,044 shares of the aerospace company’s stock valued at $7,362,000 after purchasing an additional 187,425 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in AAR in the fourth quarter valued at $4,863,000. Monarch Partners Asset Management LLC grew its position in AAR by 112.5% in the fourth quarter. Monarch Partners Asset Management LLC now owns 158,580 shares of the aerospace company’s stock valued at $6,231,000 after purchasing an additional 83,960 shares in the last quarter. Finally, American Century Companies Inc. grew its position in AAR by 52.6% in the third quarter. American Century Companies Inc. now owns 204,481 shares of the aerospace company’s stock valued at $7,725,000 after purchasing an additional 70,443 shares in the last quarter. 90.34% of the stock is owned by institutional investors and hedge funds.
AAR Corp. (NYSE:AIR) opened at $39.06 on Friday. AAR Corp. has a 12-month low of $31.97 and a 12-month high of $44.04. The company has a market cap of $1,370.00, a PE ratio of 84.91 and a beta of 1.36. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.65 and a quick ratio of 1.23.
The company also recently disclosed a quarterly dividend, which was paid on Monday, February 5th. Stockholders of record on Monday, January 22nd were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Friday, January 19th. AAR’s dividend payout ratio (DPR) is presently 65.22%.
A number of research firms recently weighed in on AIR. SunTrust Banks raised their target price on shares of AAR to $50.00 and gave the company a “buy” rating in a research report on Monday, December 4th. Credit Suisse Group raised shares of AAR from a “neutral” rating to an “outperform” rating in a research report on Friday, January 12th. TheStreet downgraded shares of AAR from a “b” rating to a “c+” rating in a research report on Thursday, December 21st. Noble Financial reissued a “buy” rating on shares of AAR in a research report on Friday, December 22nd. Finally, Canaccord Genuity raised shares of AAR from a “hold” rating to a “buy” rating and lifted their price objective for the company from $42.00 to $46.00 in a research report on Thursday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. AAR currently has an average rating of “Buy” and an average target price of $46.50.
In other news, CEO David P. Storch sold 126,679 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $41.53, for a total transaction of $5,260,978.87. Following the completion of the sale, the chief executive officer now owns 759,639 shares in the company, valued at approximately $31,547,807.67. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ronald R. Fogleman sold 3,000 shares of the firm’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $33.47, for a total transaction of $100,410.00. Following the sale, the director now owns 23,406 shares of the company’s stock, valued at approximately $783,398.82. The disclosure for this sale can be found here. Company insiders own 9.33% of the company’s stock.
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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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