Algert Global LLC Increases Stock Holdings in AAR Corp. (NYSE:AIR)

Algert Global LLC lifted its stake in AAR Corp. (NYSE:AIR - Free Report) by 56.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 47,410 shares of the aerospace company's stock after purchasing an additional 17,180 shares during the quarter. Algert Global LLC owned about 0.13% of AAR worth $3,099,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of AIR. EverSource Wealth Advisors LLC boosted its holdings in shares of AAR by 283.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 544 shares of the aerospace company's stock worth $33,000 after purchasing an additional 402 shares during the period. Quest Partners LLC bought a new stake in shares of AAR during the 2nd quarter worth approximately $33,000. Innealta Capital LLC bought a new stake in shares of AAR during the 2nd quarter worth approximately $49,000. KBC Group NV lifted its stake in shares of AAR by 32.9% during the 3rd quarter. KBC Group NV now owns 1,324 shares of the aerospace company's stock worth $87,000 after acquiring an additional 328 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of 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 worth $103,000 after acquiring an additional 1,100 shares during the last quarter. Hedge funds and other institutional investors own 90.74% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Benchmark reissued a "buy" rating and set 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 note on Monday, October 21st. Finally, Royal Bank of Canada reissued an "outperform" rating and set 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 assigned a buy rating to the company's stock. According to data from MarketBeat, AAR presently has a consensus rating of "Moderate Buy" and an average price target of $81.00.

AAR Stock Down 2.3 %

NYSE AIR traded down $1.63 on Tuesday, reaching $69.19. 165,300 shares of the stock traded hands, compared to its average volume of 302,302. 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 fifty day moving average price of $64.32 and a 200-day moving average price of $66.52. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 38.39 and a beta of 1.57. AAR Corp. has a 12 month low of $54.71 and a 12 month high of $76.34.

AAR (NYSE:AIR - Get Free Report) last issued its earnings results on Monday, September 23rd. The aerospace company reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.03. The business had revenue of $661.70 million during the quarter, compared to analyst estimates of $645.60 million. AAR had a return on equity of 10.22% and a net margin of 2.67%. AAR's revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 EPS. As a group, research analysts forecast that AAR Corp. will post 3.63 EPS for the current fiscal 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.