Quantbot Technologies LP Acquires Shares of 11,413 AAR Corp. $AIR

Quantbot Technologies LP acquired a new stake in shares of AAR Corp. (NYSE:AIR) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 11,413 shares of the aerospace company’s stock, valued at approximately $1,631,000.

A number of other institutional investors have also made changes to their positions in AIR. BlackRock Inc. acquired a new stake in AAR during the 2nd quarter valued at $925,068,000. Vanguard Group Inc. lifted its holdings in AAR by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 4,061,230 shares of the aerospace company’s stock worth $336,229,000 after buying an additional 281,871 shares in the last quarter. State Street Corp lifted its holdings in AAR by 17.1% in the 4th quarter. State Street Corp now owns 2,320,927 shares of the aerospace company’s stock worth $192,150,000 after buying an additional 339,595 shares in the last quarter. Wellington Management Group LLP boosted its position in AAR by 17.4% in the 4th quarter. Wellington Management Group LLP now owns 1,745,352 shares of the aerospace company’s stock valued at $144,498,000 after buying an additional 258,577 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in AAR by 36.9% in the 3rd quarter. Franklin Resources Inc. now owns 1,154,167 shares of the aerospace company’s stock valued at $107,752,000 after buying an additional 311,258 shares during the last quarter. 90.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AIR has been the topic of a number of analyst reports. Jefferies Financial Group lifted their target price on AAR from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Weiss Ratings raised AAR from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. Wall Street Zen lowered AAR from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. KeyCorp restated a “sector weight” rating on shares of AAR in a research note on Wednesday, July 22nd. Finally, Zacks Research upgraded AAR from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, AAR has a consensus rating of “Moderate Buy” and a consensus target price of $135.60.

AAR Price Performance

AIR opened at $134.53 on Tuesday. The company has a 50-day moving average of $138.64 and a 200-day moving average of $122.13. The company has a market capitalization of $5.37 billion, a P/E ratio of 27.85 and a beta of 1.11. AAR Corp. has a 1-year low of $73.05 and a 1-year high of $154.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.24 and a current ratio of 2.84.

AAR (NYSE:AIR) last issued its earnings results on Tuesday, July 21st. The aerospace company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.15. AAR had a net margin of 5.67% and a return on equity of 12.67%. The business had revenue of $928.00 million for the quarter, compared to analyst estimates of $893.03 million. During the same quarter in the prior year, the business posted $1.16 EPS. The company’s revenue for the quarter was up 23.0% on a year-over-year basis. Equities analysts expect that AAR Corp. will post 5.92 EPS for the current fiscal year.

AAR Company Profile

AAR Corp. (NYSE: AIR) is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.

In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.