American Century Companies Inc. Acquires 15,568 Shares of AAR Corp (AIR)

American Century Companies Inc. raised its holdings in shares of AAR Corp (NYSE:AIR) by 6.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 252,492 shares of the aerospace company’s stock after purchasing an additional 15,568 shares during the quarter. American Century Companies Inc. owned 0.73% of AAR worth $11,137,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vaughan Nelson Investment Management L.P. bought a new stake in shares of AAR in the 4th quarter worth $30,164,000. Beach Point Capital Management LP grew its stake in shares of AAR by 102.5% in the 4th quarter. Beach Point Capital Management LP now owns 459,046 shares of the aerospace company’s stock worth $18,036,000 after acquiring an additional 232,382 shares in the last quarter. BlackRock Inc. grew its stake in shares of AAR by 4.2% in the 4th quarter. BlackRock Inc. now owns 5,329,972 shares of the aerospace company’s stock worth $209,416,000 after acquiring an additional 217,049 shares in the last quarter. Castleark Management LLC bought a new stake in shares of AAR in the 4th quarter worth $7,235,000. Finally, Assenagon Asset Management S.A. bought a new stake in shares of AAR in the 4th quarter worth $4,863,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

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Several analysts have recently issued reports on the stock. TheStreet upgraded shares of AAR from a “c+” rating to a “b” rating in a research note on Tuesday, March 20th. ValuEngine upgraded shares of AAR from a “hold” rating to a “buy” rating in a research note on Thursday, March 8th. Zacks Investment Research lowered shares of AAR from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Noble Financial reiterated a “buy” rating on shares of AAR in a research note on Thursday, March 22nd. Finally, Credit Suisse Group upped their target price on shares of AAR to $51.00 and gave the stock an “outperform” rating in a research note on Thursday, March 22nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $49.00.

In other AAR news, CEO David P. Storch sold 50,000 shares of the company’s stock in a transaction dated Wednesday, March 28th. The shares were sold at an average price of $44.02, for a total transaction of $2,201,000.00. Following the sale, the chief executive officer now directly owns 667,259 shares of the company’s stock, valued at $29,372,741.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Anthony Anderson sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 27th. The shares were sold at an average price of $44.07, for a total transaction of $220,350.00. Following the sale, the director now directly owns 20,411 shares in the company, valued at $899,512.77. The disclosure for this sale can be found here. Insiders sold a total of 108,500 shares of company stock worth $4,755,155 over the last three months. 9.33% of the stock is owned by insiders.

Shares of AAR opened at $46.91 on Monday, MarketBeat Ratings reports. The company has a current ratio of 2.86, a quick ratio of 1.41 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $1.63 billion, a P/E ratio of 32.35 and a beta of 1.23. AAR Corp has a fifty-two week low of $33.48 and a fifty-two week high of $47.56.

AAR (NYSE:AIR) last issued its quarterly earnings results on Tuesday, March 20th. The aerospace company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. The company had revenue of $456.30 million for the quarter, compared to the consensus estimate of $475.89 million. AAR had a net margin of 1.34% and a return on equity of 6.02%. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 EPS. analysts expect that AAR Corp will post 1.81 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 16th. Investors of record on Tuesday, May 1st were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date was Monday, April 30th. AAR’s dividend payout ratio (DPR) is currently 20.69%.

About AAR

AAR CORP. provides products and services to commercial aviation, government, and defense markets worldwide. The company's Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services.