AAR Corp. (NYSE:AIR) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC boosted its position in shares of AAR Corp. (NYSE:AIR) by 96.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,236 shares of the aerospace company’s stock after buying an additional 13,861 shares during the quarter. Natixis Advisors LLC owned approximately 0.08% of AAR worth $1,846,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its position in shares of AAR by 283.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 544 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 402 shares during the period. Quest Partners LLC acquired a new stake in AAR in the second quarter valued at approximately $33,000. Innealta Capital LLC purchased a new stake in shares of AAR in the second quarter valued at approximately $49,000. KBC Group NV raised its stake in shares of AAR by 32.9% during the 3rd quarter. KBC Group NV now owns 1,324 shares of the aerospace company’s stock worth $87,000 after buying an additional 328 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of AAR by 348.1% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,416 shares of the aerospace company’s stock valued at $103,000 after buying an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors own 90.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on AIR shares. StockNews.com upgraded shares of AAR from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Royal Bank of Canada restated an “outperform” rating and set a $75.00 price target on shares of AAR in a research report on Monday, November 4th. Finally, Benchmark reiterated a “buy” rating and issued a $83.00 price objective on shares of AAR in a report on Friday, October 4th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.00.

AAR Stock Performance

NYSE:AIR opened at $70.82 on Tuesday. The company has a market cap of $2.54 billion, a P/E ratio of 38.91 and a beta of 1.57. AAR Corp. has a twelve month low of $54.71 and a twelve month high of $76.34. The company’s 50-day moving average price is $64.25 and its 200-day moving average price is $66.53. The company has a current ratio of 3.06, a quick ratio of 1.45 and a debt-to-equity ratio of 0.81.

AAR (NYSE:AIR) last issued its earnings results on Monday, September 23rd. The aerospace company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.03. AAR had a return on equity of 10.22% and a net margin of 2.67%. The business had revenue of $661.70 million for the quarter, compared to analysts’ expectations of $645.60 million. During the same period in the previous year, the firm posted $0.78 EPS. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, sell-side analysts forecast that AAR Corp. will post 3.63 earnings per share for the current fiscal year.

AAR Profile

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Parts Supply segment leases and sells aircraft components and replacement parts. The Repair & Engineering segment provides airframe maintenance services, such as airframe inspection, painting, line maintenance, airframe modification, structural repair, avionics service and installation, exterior and interior refurbishment, and engineering and support services; component repair services comprising maintenance, repair, and overhaul (MRO) services, engine and airframe accessories, and interior refurbishment; and landing gear overhaul services, including repair services on wheels and brakes.