AAR Corp. (NYSE:AIR) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC increased its position in shares of AAR Corp. (NYSE:AIR - Free Report) by 96.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,236 shares of the aerospace company's stock after purchasing an additional 13,861 shares during the period. Natixis Advisors LLC owned 0.08% of AAR worth $1,846,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AIR. Westwood Holdings Group Inc. purchased a new position in AAR during the second quarter worth about $77,754,000. American Century Companies Inc. boosted its stake in AAR by 1,956.5% during the second quarter. American Century Companies Inc. now owns 909,953 shares of the aerospace company's stock worth $66,154,000 after buying an additional 865,705 shares during the period. Boston Partners purchased a new position in AAR during the first quarter worth about $25,794,000. Allspring Global Investments Holdings LLC boosted its stake in AAR by 32.9% during the third 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 during the period. Finally, Thrivent Financial for Lutherans boosted its stake in AAR by 83.6% during the second quarter. Thrivent Financial for Lutherans now owns 297,482 shares of the aerospace company's stock worth $21,627,000 after buying an additional 135,445 shares during the period. 90.74% of the stock is currently owned by institutional investors and hedge funds.

AAR Stock Down 2.3 %

AAR stock traded down $1.60 during trading on Tuesday, reaching $69.22. The stock had a trading volume of 165,347 shares, compared to its average volume of 302,302. 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 $64.32 and a 200 day moving average price of $66.52. 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 stock has a market cap of $2.49 billion, a PE ratio of 38.03 and a beta of 1.57.

AAR (NYSE:AIR - Get Free Report) 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. AAR had a net margin of 2.67% and a return on equity of 10.22%. The company had revenue of $661.70 million during the quarter, compared to the consensus estimate of $645.60 million. During the same quarter in the previous year, the firm earned $0.78 earnings per share. The firm's quarterly revenue was up 20.4% on a year-over-year basis. On average, analysts predict that AAR Corp. will post 3.63 EPS for the current year.

Wall Street Analysts Forecast Growth

AIR has been the subject of several research analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $75.00 target price on shares of AAR in a research note on Monday, November 4th. StockNews.com raised shares of AAR from a "sell" rating to a "hold" rating in a research note on Monday, October 21st. Finally, Benchmark reissued a "buy" rating and issued a $83.00 price objective on shares of AAR in a research note on Friday, October 4th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently 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.