Barclays PLC Raises Stock Holdings in AAR Corp. (NYSE:AIR)

Barclays PLC boosted its position in AAR Corp. (NYSE:AIR - Free Report) by 269.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,223 shares of the aerospace company's stock after buying an additional 48,298 shares during the period. Barclays PLC owned approximately 0.18% of AAR worth $4,328,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Earnest Partners LLC lifted its stake in shares of AAR by 3.2% in the 2nd quarter. Earnest Partners LLC now owns 1,588,893 shares of the aerospace company's stock worth $115,513,000 after acquiring an additional 48,630 shares during the period. Westwood Holdings Group Inc. acquired a new stake in AAR in the second quarter valued at about $77,754,000. American Century Companies Inc. boosted its holdings in AAR by 1,956.5% in the 2nd quarter. American Century Companies Inc. now owns 909,953 shares of the aerospace company's stock valued at $66,154,000 after purchasing an additional 865,705 shares in the last quarter. Loomis Sayles & Co. L P increased its position in AAR by 20.5% during the 3rd quarter. Loomis Sayles & Co. L P now owns 790,267 shares of the aerospace company's stock worth $51,652,000 after purchasing an additional 134,215 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of AAR by 32.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 732,957 shares of the aerospace company's stock worth $47,906,000 after buying an additional 181,518 shares in the last quarter. 90.74% of the stock is owned by institutional investors and hedge funds.

AAR Stock Down 0.0 %

AIR opened at $60.57 on Friday. AAR Corp. has a one year low of $54.71 and a one year high of $76.34. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 33.28 and a beta of 1.59. The business's fifty day moving average is $64.63 and its two-hundred day moving average is $65.90. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.45 and a current ratio of 3.06.

AAR (NYSE:AIR - Get Free Report) last released its quarterly earnings data on Monday, September 23rd. The aerospace company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.82 by $0.03. The business had revenue of $661.70 million for 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 for the quarter was up 20.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.78 EPS. Analysts anticipate that AAR Corp. will post 3.63 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Benchmark restated a "buy" rating and issued a $83.00 price target on shares of AAR in a research note on Friday, October 4th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $75.00 price target on shares of AAR in a research note on Monday, November 4th. Finally, StockNews.com upgraded shares of AAR from a "sell" rating to a "hold" rating in a report on Monday, October 21st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $81.00.

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.