Victory Capital Management Inc. Cuts Stake in AAR Corp. (NYSE:AIR)

Victory Capital Management Inc. lowered its position in AAR Corp. (NYSE:AIR - Free Report) by 94.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,457 shares of the aerospace company's stock after selling 257,159 shares during the quarter. Victory Capital Management Inc.'s holdings in AAR were worth $945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Versor Investments LP grew its position in AAR by 9.8% during the 3rd quarter. Versor Investments LP now owns 10,148 shares of the aerospace company's stock worth $663,000 after acquiring an additional 904 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in shares of AAR by 14.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 30,739 shares of the aerospace company's stock worth $2,009,000 after purchasing an additional 3,909 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of AAR by 18.5% in the third quarter. Principal Financial Group Inc. now owns 500,200 shares of the aerospace company's stock worth $32,693,000 after buying an additional 77,974 shares during the period. Amalgamated Bank raised its holdings in AAR by 1.7% during the 3rd quarter. Amalgamated Bank now owns 10,319 shares of the aerospace company's stock valued at $674,000 after buying an additional 177 shares during the last quarter. Finally, Emerald Advisers LLC boosted its position in AAR by 1.3% during the 3rd quarter. Emerald Advisers LLC now owns 491,406 shares of the aerospace company's stock valued at $32,118,000 after buying an additional 6,399 shares during the period. 90.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AIR has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $75.00 price objective on shares of AAR in a research note on Monday, November 4th. StockNews.com upgraded AAR from a "sell" rating to a "hold" rating in a report on Monday, October 21st. Finally, Benchmark reissued a "buy" rating and set a $83.00 price objective on shares of AAR in a research report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $81.00.

AAR Stock Down 0.2 %

Shares of NYSE AIR traded down $0.17 during mid-day trading on Thursday, hitting $69.02. 158,613 shares of the stock traded hands, compared to its average volume of 301,677. The stock has a fifty day moving average price of $64.35 and a 200-day moving average price of $66.52. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.45 and a current ratio of 3.06. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 37.92 and a beta of 1.57. AAR Corp. has a 52 week low of $54.71 and a 52 week high of $76.34.

AAR (NYSE:AIR - Get Free Report) last released its earnings results on Monday, September 23rd. The aerospace company reported $0.85 earnings per share 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 firm had revenue of $661.70 million for the quarter, compared to the consensus estimate of $645.60 million. During the same period in the prior year, the firm earned $0.78 EPS. The company's revenue was up 20.4% compared to the same quarter last year. Research analysts anticipate that AAR Corp. will post 3.63 EPS 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.