Loomis Sayles & Co. L P Boosts Position in AAR Corp. (NYSE:AIR)

Loomis Sayles & Co. L P increased its position in AAR Corp. (NYSE:AIR - Free Report) by 20.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 790,267 shares of the aerospace company's stock after acquiring an additional 134,215 shares during the period. Loomis Sayles & Co. L P owned approximately 2.20% of AAR worth $51,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AIR. CANADA LIFE ASSURANCE Co raised its holdings in shares of AAR by 4.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 31,103 shares of the aerospace company's stock worth $1,862,000 after purchasing an additional 1,242 shares during the last quarter. Lazard Asset Management LLC grew its holdings in AAR by 28.0% during the first quarter. Lazard Asset Management LLC now owns 2,559 shares of the aerospace company's stock worth $152,000 after acquiring an additional 560 shares during the period. Price T Rowe Associates Inc. MD raised its position in AAR by 6.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 19,805 shares of the aerospace company's stock valued at $1,186,000 after acquiring an additional 1,249 shares in the last quarter. Kennedy Capital Management LLC raised its position in AAR by 205.0% during the first quarter. Kennedy Capital Management LLC now owns 79,393 shares of the aerospace company's stock valued at $4,753,000 after acquiring an additional 53,363 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of AAR by 13.8% during the 1st quarter. Janus Henderson Group PLC now owns 530,682 shares of the aerospace company's stock valued at $31,772,000 after purchasing an additional 64,274 shares in the last quarter. Institutional investors and hedge funds own 90.74% of the company's stock.

AAR Price Performance

NYSE:AIR traded down $1.60 during trading hours on Tuesday, hitting $69.22. 165,347 shares of the stock were exchanged, compared to its average volume of 302,302. The firm's fifty day moving average price is $64.32 and its 200 day moving average price is $66.52. AAR Corp. has a 52-week low of $54.71 and a 52-week high of $76.34. The company has a market cap of $2.49 billion, a P/E ratio of 38.03 and a beta of 1.57. The company has a current ratio of 3.06, a quick ratio of 1.45 and a debt-to-equity ratio of 0.81.

AAR (NYSE:AIR - Get Free Report) last issued its quarterly earnings results on Monday, September 23rd. The aerospace company reported $0.85 EPS 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 firm had revenue of $661.70 million during the quarter, compared to analysts' expectations of $645.60 million. During the same period in the previous year, the business earned $0.78 earnings per share. The firm's revenue for the quarter was up 20.4% on a year-over-year basis. As a group, equities research analysts anticipate that AAR Corp. will post 3.63 EPS for the current fiscal year.

Analysts Set New Price Targets

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

About AAR

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.