Janus Henderson Group PLC Lowers Stake in AAR Corp. (NYSE:AIR)

Janus Henderson Group PLC cut its position in shares of AAR Corp. (NYSE:AIR - Free Report) by 34.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 349,808 shares of the aerospace company's stock after selling 180,718 shares during the quarter. Janus Henderson Group PLC owned about 0.97% of AAR worth $22,864,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Amalgamated Bank lifted its stake in AAR by 1.7% in the third 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 period. Captrust Financial Advisors boosted its position in shares of AAR by 5.3% during the 3rd quarter. Captrust Financial Advisors now owns 3,537 shares of the aerospace company's stock worth $231,000 after purchasing an additional 177 shares in the last quarter. HighTower Advisors LLC grew its stake in AAR by 6.1% in the third quarter. HighTower Advisors LLC now owns 3,818 shares of the aerospace company's stock valued at $249,000 after acquiring an additional 220 shares during the period. Global Financial Private Client LLC increased its stake in AAR by 4.0% during the 2nd quarter. Global Financial Private Client LLC now owns 5,838 shares of the aerospace company's stock valued at $424,000 after purchasing an additional 225 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in AAR by 43.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 778 shares of the aerospace company's stock valued at $57,000 after acquiring an additional 234 shares in the last quarter. Institutional investors own 90.74% of the company's stock.

AAR Trading Down 1.2 %

Shares of AAR stock traded down $0.82 during midday trading on Friday, reaching $67.63. 166,674 shares of the company's stock traded hands, compared to its average volume of 200,834. The company has a market cap of $2.43 billion, a PE ratio of 37.16 and a beta of 1.59. The stock has a 50 day moving average of $64.69 and a 200-day moving average of $66.34. AAR Corp. has a 12 month low of $54.71 and a 12 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.

AAR (NYSE:AIR - Get Free Report) last released its earnings results on Monday, September 23rd. The aerospace company reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.03. AAR had a return on equity of 10.22% and a net margin of 2.67%. The company had revenue of $661.70 million during the quarter, compared to analysts' expectations of $645.60 million. During the same quarter last year, the business 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, equities analysts expect that AAR Corp. will post 3.63 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. StockNews.com upgraded shares of AAR from a "sell" rating to a "hold" rating in a report on Monday, October 21st. Royal Bank of Canada reiterated an "outperform" rating and set a $75.00 target price on shares of AAR in a research report on Monday, November 4th. Finally, Benchmark reissued a "buy" rating and issued a $83.00 price target on shares of AAR in a research report on Friday, October 4th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $81.00.

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.