Westwood Holdings Group Inc. Invests $77.75 Million in AAR Corp. (NYSE:AIR)

Westwood Holdings Group Inc. acquired a new stake in AAR Corp. (NYSE:AIR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,069,523 shares of the aerospace company’s stock, valued at approximately $77,754,000. Westwood Holdings Group Inc. owned 3.02% of AAR as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AIR. Quest Partners LLC bought a new position in shares of AAR during the second quarter worth about $33,000. EverSource Wealth Advisors LLC raised its position in shares of AAR by 283.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 544 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 402 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of AAR in the 2nd quarter valued at about $49,000. Geneos Wealth Management Inc. acquired a new stake in AAR during the first quarter worth approximately $63,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its holdings in AAR by 348.1% in the second 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. 90.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Stifel Nicolaus cut their price target on AAR from $86.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, July 19th. StockNews.com lowered shares of AAR from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. Finally, Royal Bank of Canada raised their target price on AAR from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $83.50.

AAR Price Performance

Shares of NYSE AIR opened at $69.28 on Friday. 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 0.83, a quick ratio of 1.41 and a current ratio of 2.98. The firm’s 50-day simple moving average is $65.15 and its 200 day simple moving average is $66.58. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 40.75 and a beta of 1.55.

AAR (NYSE:AIR) last released its quarterly earnings results on Thursday, July 18th. The aerospace company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.02. The business had revenue of $656.50 million for the quarter, compared to analysts’ expectations of $660.05 million. AAR had a net margin of 2.00% and a return on equity of 10.16%. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.83 earnings per share. As a group, research analysts anticipate that AAR Corp. will post 3.74 earnings per share for the current fiscal year.

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.