Blair William & Co. IL Has $4.01 Million Holdings in AAR Corp. (NYSE:AIR)

Blair William & Co. IL decreased its stake in shares of AAR Corp. (NYSE:AIR) by 4.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 55,110 shares of the aerospace company’s stock after selling 2,569 shares during the quarter. Blair William & Co. IL owned about 0.16% of AAR worth $4,006,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of AIR. EverSource Wealth Advisors LLC boosted its stake in AAR by 283.1% during the first 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. Quest Partners LLC bought a new position in shares of AAR during the 2nd quarter worth about $33,000. Innealta Capital LLC acquired a new stake in shares of AAR in the 2nd quarter valued at about $49,000. Geneos Wealth Management Inc. bought a new stake in AAR in the 1st quarter valued at about $63,000. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in 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 buying an additional 1,100 shares during the period. Institutional investors own 90.74% of the company’s stock.

AAR Stock Performance

Shares of AAR stock opened at $69.28 on Friday. The company has a market cap of $2.45 billion, a PE ratio of 40.75 and a beta of 1.55. The company has a quick ratio of 1.41, a current ratio of 2.98 and a debt-to-equity ratio of 0.83. AAR Corp. has a 52 week low of $54.71 and a 52 week high of $76.34. The business has a 50 day moving average price of $65.15 and a 200-day moving average price of $66.59.

AAR (NYSE:AIR) last posted its quarterly earnings data on Thursday, July 18th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.02. The firm had revenue of $656.50 million for the quarter, compared to the consensus estimate of $660.05 million. AAR had a net margin of 2.00% and a return on equity of 10.16%. The business’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 firm earned $0.83 EPS. Equities analysts anticipate that AAR Corp. will post 3.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.