Stifel Financial Corp Buys 893 Shares of AAR Corp. (NYSE:AIR)

Stifel Financial Corp raised its stake in AAR Corp. (NYSE:AIR) by 4.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,859 shares of the aerospace company’s stock after buying an additional 893 shares during the period. Stifel Financial Corp owned 0.06% of AAR worth $1,494,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AIR. Quest Partners LLC acquired a new stake in shares of AAR during the 2nd quarter valued at $33,000. Innealta Capital LLC acquired a new stake in shares of AAR during the second quarter valued at about $49,000. EverSource Wealth Advisors LLC grew its holdings in shares of AAR by 43.0% during the second quarter. EverSource Wealth Advisors LLC now owns 778 shares of the aerospace company’s stock worth $57,000 after purchasing an additional 234 shares during the last quarter. KBC Group NV increased its stake in shares of AAR by 32.9% in the third quarter. KBC Group NV now owns 1,324 shares of the aerospace company’s stock valued at $87,000 after buying an additional 328 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in shares of AAR by 40.4% in the second quarter. Nisa Investment Advisors LLC now owns 1,488 shares of the aerospace company’s stock valued at $108,000 after buying an additional 428 shares during the period. Institutional investors own 90.74% of the company’s stock.

AAR Stock Down 0.0 %

Shares of NYSE AIR opened at $60.57 on Friday. The company’s 50 day moving average price is $64.63 and its 200-day moving average price is $65.90. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.45 and a current ratio of 3.06. AAR Corp. has a 52-week low of $54.71 and a 52-week high of $76.34. The company has a market capitalization of $2.17 billion, a P/E ratio of 33.28 and a beta of 1.59.

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

Wall Street Analyst Weigh In

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

About AAR

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.