AAR Corp. (NYSE:AIR) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its stake in AAR Corp. (NYSE:AIR) by 35.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,453 shares of the aerospace company’s stock after selling 12,502 shares during the period. BNP Paribas Financial Markets owned approximately 0.06% of AAR worth $1,468,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its stake in AAR by 6.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 19,805 shares of the aerospace company’s stock valued at $1,186,000 after buying an additional 1,249 shares in the last quarter. SG Americas Securities LLC raised its stake in AAR by 101.0% during the second quarter. SG Americas Securities LLC now owns 12,453 shares of the aerospace company’s stock valued at $905,000 after buying an additional 6,256 shares in the last quarter. AlphaMark Advisors LLC acquired a new stake in shares of AAR during the 2nd quarter worth approximately $323,000. Hennion & Walsh Asset Management Inc. raised its position in shares of AAR by 48.5% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 8,395 shares of the aerospace company’s stock worth $610,000 after purchasing an additional 2,743 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in shares of AAR by 40.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,488 shares of the aerospace company’s stock worth $108,000 after purchasing an additional 428 shares during the period. Hedge funds and other institutional investors own 90.74% of the company’s stock.

AAR Price Performance

Shares of AIR opened at $67.63 on Monday. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 37.16 and a beta of 1.59. The business’s 50-day moving average is $64.69 and its 200-day moving average is $66.34. AAR Corp. has a fifty-two week low of $54.71 and a fifty-two week high of $76.34. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.06 and a quick ratio of 1.45.

AAR (NYSE:AIR) last issued its quarterly earnings results on Monday, September 23rd. The aerospace company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. AAR had a return on equity of 10.22% and a net margin of 2.67%. The company had revenue of $661.70 million during the quarter, compared to analyst estimates of $645.60 million. During the same period in the previous year, the company earned $0.78 earnings per share. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. Equities research analysts expect that AAR Corp. will post 3.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

AAR Company 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.