BNP Paribas Financial Markets Reduces Stake in AAR Corp. (NYSE:AIR)

BNP Paribas Financial Markets lessened its position in AAR Corp. (NYSE:AIR - Free Report) by 35.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,453 shares of the aerospace company's stock after selling 12,502 shares during the period. BNP Paribas Financial Markets owned 0.06% of AAR worth $1,468,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Quest Partners LLC bought a new position in AAR during the 2nd quarter valued at approximately $33,000. Innealta Capital LLC purchased a new stake in AAR in the second quarter worth $49,000. EverSource Wealth Advisors LLC lifted its stake in AAR by 43.0% in the second quarter. EverSource Wealth Advisors LLC now owns 778 shares of the aerospace company's stock worth $57,000 after acquiring an additional 234 shares during the period. KBC Group NV boosted its holdings in AAR by 32.9% in 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 position in 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 valued at $103,000 after purchasing an additional 1,100 shares during the period. 90.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

AAR Stock Down 2.5 %

NYSE AIR traded down $1.67 during mid-day trading on Monday, reaching $65.96. The stock had a trading volume of 116,899 shares, compared to its average volume of 297,112. The company has a fifty day moving average price of $64.69 and a 200 day moving average price of $66.34. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.06 and a quick ratio of 1.45. AAR Corp. has a 1 year low of $54.71 and a 1 year high of $76.34. The stock has a market cap of $2.37 billion, a PE ratio of 37.16 and a beta of 1.59.

AAR (NYSE:AIR - Get Free Report) last posted its earnings results on Monday, September 23rd. The aerospace company reported $0.85 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 the consensus estimate of $645.60 million. AAR had a net margin of 2.67% and a return on equity of 10.22%. The firm's revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 EPS. On average, research analysts expect that AAR Corp. will post 3.63 earnings per share for the current 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.