JPMorgan Chase & Co. reduced its stake in shares of AAR Corp. (NYSE:AIR) by 44.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 957,373 shares of the company’s stock after selling 755,905 shares during the period. JPMorgan Chase & Co. owned 2.81% of AAR Corp. worth $22,346,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its stake in shares of AAR Corp. by 2.8% in the second quarter. Nisa Investment Advisors LLC now owns 5,450 shares of the company’s stock valued at $127,000 after buying an additional 150 shares during the last quarter. Springbok Capital Management LLC raised its stake in shares of AAR Corp. by 6,100.0% in the first quarter. Springbok Capital Management LLC now owns 6,200 shares of the company’s stock valued at $144,000 after buying an additional 6,100 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of AAR Corp. by 4.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 9,400 shares of the company’s stock valued at $219,000 after buying an additional 400 shares during the last quarter. Algert Global LLC bought a new stake in shares of AAR Corp. during the first quarter valued at about $252,000. Finally, BNP Paribas Arbitrage SA raised its stake in shares of AAR Corp. by 101.1% in the second quarter. BNP Paribas Arbitrage SA now owns 10,865 shares of the company’s stock valued at $254,000 after buying an additional 5,462 shares during the last quarter. Hedge funds and other institutional investors own 87.85% of the company’s stock.
AAR Corp. (NYSE:AIR) traded up 2.24% on Friday, reaching $29.66. 665,441 shares of the company were exchanged. The firm has a market capitalization of $1.01 billion, a P/E ratio of 21.68 and a beta of 1.90. The firm has a 50-day moving average of $25.94 and a 200 day moving average of $24.10. AAR Corp. has a 12-month low of $18.36 and a 12-month high of $31.23.
AAR Corp. (NYSE:AIR) last issued its earnings results on Thursday, September 22nd. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.03. The firm had revenue of $404.80 million for the quarter. AAR Corp. had a net margin of 2.03% and a return on equity of 4.70%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.28 EPS. On average, equities analysts predict that AAR Corp. will post $1.36 earnings per share for the current year.
Several brokerages have recently issued reports on AIR. Credit Suisse Group AG restated a “buy” rating on shares of AAR Corp. in a research note on Friday, June 10th. Zacks Investment Research upgraded shares of AAR Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 13th. Finally, TheStreet upgraded shares of AAR Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 13th.
About AAR Corp.
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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