AlphaCrest Capital Management LLC Takes $972,000 Position in AAR Corp. (NYSE:AIR)

AlphaCrest Capital Management LLC acquired a new position in AAR Corp. (NYSE:AIR) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 29,900 shares of the aerospace company’s stock, valued at approximately $972,000. AlphaCrest Capital Management LLC owned 0.09% of AAR at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Advisor Group Inc. increased its position in AAR by 94.8% during the fourth quarter. Advisor Group Inc. now owns 744 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 362 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in AAR during the first quarter worth about $26,000. Pearl River Capital LLC acquired a new stake in AAR during the first quarter worth about $36,000. Oppenheimer Asset Management Inc. acquired a new stake in AAR during the fourth quarter worth about $50,000. Finally, AlphaOne Investment Services LLC increased its position in AAR by 73.5% during the first quarter. AlphaOne Investment Services LLC now owns 1,617 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 685 shares during the last quarter. Hedge funds and other institutional investors own 89.46% of the company’s stock.

In other news, Director Anthony Anderson sold 3,615 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $33.23, for a total transaction of $120,126.45. Following the transaction, the director now directly owns 19,469 shares of the company’s stock, valued at approximately $646,954.87. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 7.43% of the company’s stock.

AIR traded up $0.56 during trading on Friday, hitting $36.79. The stock had a trading volume of 612,648 shares, compared to its average volume of 290,723. The company has a quick ratio of 1.33, a current ratio of 2.76 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 20.55 and a beta of 1.07. The business has a 50-day moving average of $32.55. AAR Corp. has a twelve month low of $29.84 and a twelve month high of $51.52.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of AAR from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Tuesday, May 21st. ValuEngine upgraded shares of AAR from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 6th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $48.00 price target on shares of AAR in a research report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $49.50.

AAR Profile

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The company operates in two segments, Aviation Services and Expeditionary Services. The Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services.

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Institutional Ownership by Quarter for AAR (NYSE:AIR)

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