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Chartwell Investment Partners LLC Decreases Holdings in AAR Corp. (NYSE:AIR)

AAR logo with Aerospace background

Chartwell Investment Partners LLC lowered its holdings in shares of AAR Corp. (NYSE:AIR - Free Report) by 8.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 106,781 shares of the aerospace company's stock after selling 9,741 shares during the period. Chartwell Investment Partners LLC owned 0.30% of AAR worth $6,979,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the business. Swiss National Bank grew its stake in shares of AAR by 6.1% in the first quarter. Swiss National Bank now owns 70,100 shares of the aerospace company's stock worth $4,197,000 after purchasing an additional 4,000 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in AAR in the 1st quarter valued at about $544,000. Sei Investments Co. grew its stake in shares of AAR by 730.8% in the 1st quarter. Sei Investments Co. now owns 97,552 shares of the aerospace company's stock worth $5,840,000 after acquiring an additional 85,810 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of AAR by 7.3% in the 1st quarter. ProShare Advisors LLC now owns 6,808 shares of the aerospace company's stock worth $408,000 after buying an additional 461 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in shares of AAR by 14.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,311 shares of the aerospace company's stock worth $617,000 after purchasing an additional 1,460 shares during the period. Institutional investors own 90.74% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AIR. Benchmark reiterated a "buy" rating and issued a $83.00 target price on shares of AAR in a research note on Friday, October 4th. Royal Bank of Canada restated an "outperform" rating and set a $75.00 target price on shares of AAR in a research report on Monday, November 4th. Stifel Nicolaus reduced their price target on AAR from $86.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, July 19th. Finally, StockNews.com upgraded AAR from a "sell" rating to a "hold" rating in a research report on Monday, October 21st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $81.00.

Get Our Latest Report on AAR

AAR Stock Performance

NYSE:AIR traded up $0.53 on Tuesday, hitting $67.86. The stock had a trading volume of 250,619 shares, compared to its average volume of 306,551. AAR Corp. has a 52-week low of $54.71 and a 52-week high of $76.34. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 36.99 and a beta of 1.57. 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 business's 50-day simple moving average is $63.86 and its two-hundred day simple moving average is $66.68.

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

AAR Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AAR (NYSE:AIR)

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