AAR Corp. (NYSE:AIR) Stake Increased by Fmr LLC

Fmr LLC raised its holdings in shares of AAR Corp. (NYSE:AIR) by 24.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 109,543 shares of the aerospace company’s stock after purchasing an additional 21,342 shares during the period. Fmr LLC owned about 0.31% of AAR worth $7,160,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Quest Partners LLC acquired a new position in AAR during the 2nd quarter valued at about $33,000. Innealta Capital LLC acquired a new position in AAR in the 2nd quarter valued at $49,000. EverSource Wealth Advisors LLC boosted its stake in AAR by 43.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 778 shares of the aerospace company’s stock valued at $57,000 after purchasing an additional 234 shares during the period. KBC Group NV boosted its holdings in AAR by 32.9% in the 3rd quarter. KBC Group NV now owns 1,324 shares of the aerospace company’s stock valued at $87,000 after purchasing an additional 328 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. grew its holdings 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 worth $103,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors own 90.74% of the company’s stock.

AAR Price Performance

Shares of AAR stock opened at $63.69 on Friday. The stock has a market capitalization of $2.29 billion, a P/E ratio of 34.99 and a beta of 1.59. AAR Corp. has a one year low of $54.71 and a one year 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. The business’s 50 day simple moving average is $64.73 and its two-hundred day simple moving average is $66.27.

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

Wall Street Analyst Weigh In

A number of research firms have commented on AIR. StockNews.com upgraded shares of AAR from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Benchmark reiterated a “buy” rating and issued a $83.00 price objective on shares of AAR in a research report on Friday, October 4th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 price objective on shares of AAR in a report on Monday, November 4th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, AAR has an average 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.