Loomis Sayles & Co. L P Grows Stock Holdings in AAR Corp. (NYSE:AIR)

Loomis Sayles & Co. L P boosted its stake in shares of AAR Corp. (NYSE:AIR) by 20.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 790,267 shares of the aerospace company’s stock after acquiring an additional 134,215 shares during the quarter. Loomis Sayles & Co. L P owned 2.20% of AAR worth $51,652,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in shares of AAR by 283.1% during the first quarter. EverSource Wealth Advisors LLC now owns 544 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 402 shares during the last quarter. Quest Partners LLC acquired a new stake in AAR during the 2nd quarter worth approximately $33,000. Innealta Capital LLC purchased a new stake in AAR during the 2nd quarter worth about $49,000. KBC Group NV increased its stake in shares of AAR by 32.9% during the third quarter. KBC Group NV now owns 1,324 shares of the aerospace company’s stock worth $87,000 after buying an additional 328 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its position 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 during the last quarter. 90.74% of the stock is owned by hedge funds and other institutional investors.

AAR Stock Performance

AAR stock opened at $70.82 on Tuesday. AAR Corp. has a 12-month low of $54.71 and a 12-month 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 company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 38.91 and a beta of 1.57. The firm’s fifty day moving average price is $64.25 and its 200 day moving average price is $66.53.

AAR (NYSE:AIR) last issued its quarterly earnings results on Monday, September 23rd. The aerospace company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. The business had revenue of $661.70 million during 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 business’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 earnings per share. On average, research analysts forecast that AAR Corp. will post 3.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AIR has been the topic of several research analyst reports. StockNews.com raised AAR from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Benchmark reissued a “buy” rating and set a $83.00 price target on shares of AAR in a research report on Friday, October 4th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price target on shares of AAR in a report on Monday, November 4th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.00.

AAR 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.