Algert Global LLC Raises Stock Position in AAR Corp. (NYSE:AIR)

Algert Global LLC grew its holdings in AAR Corp. (NYSE:AIR) by 56.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,410 shares of the aerospace company’s stock after acquiring an additional 17,180 shares during the period. Algert Global LLC owned about 0.13% of AAR worth $3,099,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its holdings in 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 purchasing an additional 402 shares in the last quarter. Quest Partners LLC purchased a new position in shares of AAR in the second quarter worth $33,000. Innealta Capital LLC bought a new position in shares of AAR during the second quarter worth $49,000. KBC Group NV grew its stake in AAR by 32.9% during the third quarter. KBC Group NV now owns 1,324 shares of the aerospace company’s stock valued at $87,000 after acquiring an additional 328 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its holdings in AAR by 348.1% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,416 shares of the aerospace company’s stock valued at $103,000 after acquiring an additional 1,100 shares during the last quarter. Institutional investors own 90.74% of the company’s stock.

Analyst Ratings Changes

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

AAR Stock Performance

AAR stock opened at $70.82 on Tuesday. The company’s 50-day moving average price is $64.25 and its 200-day moving average price is $66.53. The company has a quick ratio of 1.45, a current ratio of 3.06 and a debt-to-equity ratio of 0.81. The company has a market cap of $2.54 billion, a PE ratio of 38.91 and a beta of 1.57. AAR Corp. has a twelve month low of $54.71 and a twelve month high of $76.34.

AAR (NYSE:AIR) last issued its quarterly earnings data on Monday, September 23rd. The aerospace company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.03. The company had revenue of $661.70 million for the quarter, compared to analysts’ expectations of $645.60 million. AAR had a return on equity of 10.22% and a net margin of 2.67%. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.78 earnings per share. On average, equities research analysts forecast that AAR Corp. will post 3.63 EPS for the current fiscal year.

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.