AAR Corp. (NYSE:AIR) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in shares of AAR Corp. (NYSE:AIR - Free Report) by 3.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 796,962 shares of the aerospace company's stock after buying an additional 27,747 shares during the quarter. Geode Capital Management LLC owned about 2.22% of AAR worth $52,101,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of AIR. Barclays PLC boosted its stake in shares of AAR by 269.4% during the 3rd quarter. Barclays PLC now owns 66,223 shares of the aerospace company's stock worth $4,328,000 after purchasing an additional 48,298 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of AAR by 6.4% during the third quarter. Public Employees Retirement System of Ohio now owns 53,473 shares of the aerospace company's stock valued at $3,495,000 after buying an additional 3,205 shares during the period. XTX Topco Ltd acquired a new stake in AAR during the third quarter worth approximately $242,000. National Bank of Canada FI acquired a new stake in AAR during the third quarter worth approximately $25,000. Finally, Stifel Financial Corp grew its stake in AAR by 4.1% in the 3rd quarter. Stifel Financial Corp now owns 22,859 shares of the aerospace company's stock worth $1,494,000 after acquiring an additional 893 shares during the period. Hedge funds and other institutional investors own 90.74% of the company's stock.

AAR Trading Down 1.2 %

AAR stock traded down $0.71 during midday trading on Monday, reaching $59.86. The stock had a trading volume of 165,651 shares, compared to its average volume of 297,433. The stock's 50-day simple moving average is $64.60 and its 200 day simple moving average is $65.82. AAR Corp. has a twelve month low of $54.71 and a twelve month high of $76.34. 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 stock has a market capitalization of $2.15 billion, a PE ratio of 32.89 and a beta of 1.59.

AAR (NYSE:AIR - Get Free Report) last released its quarterly earnings data on Monday, September 23rd. The aerospace company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.03. The business had revenue of $661.70 million for 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%. The company's revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.78 EPS. Analysts expect that AAR Corp. will post 3.63 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AIR. StockNews.com upgraded AAR from a "sell" rating to a "hold" rating in a report on Monday, October 21st. Benchmark reissued a "buy" rating and issued a $83.00 price target on shares of AAR in a research note on Friday, October 4th. Finally, 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. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $81.00.

AAR Company 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.