Emerald Advisers LLC Grows Position in AAR Corp. (NYSE:AIR)

Emerald Advisers LLC increased its stake in shares of AAR Corp. (NYSE:AIR - Free Report) by 21.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 485,007 shares of the aerospace company's stock after buying an additional 84,056 shares during the quarter. AAR comprises 1.5% of Emerald Advisers LLC's holdings, making the stock its 17th largest position. Emerald Advisers LLC owned 1.36% of AAR worth $35,260,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AIR. Emerald Mutual Fund Advisers Trust boosted its holdings in AAR by 16.6% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 396,566 shares of the aerospace company's stock valued at $28,830,000 after purchasing an additional 56,578 shares during the last quarter. Chicago Capital LLC grew its position in AAR by 1.9% in the second quarter. Chicago Capital LLC now owns 127,951 shares of the aerospace company's stock worth $9,302,000 after acquiring an additional 2,426 shares during the period. Versor Investments LP increased its stake in AAR by 131.6% during the second quarter. Versor Investments LP now owns 9,244 shares of the aerospace company's stock worth $672,000 after acquiring an additional 5,253 shares during the last quarter. Natixis Advisors LLC raised its position in AAR by 30.7% in the second quarter. Natixis Advisors LLC now owns 14,375 shares of the aerospace company's stock valued at $1,045,000 after purchasing an additional 3,377 shares during the period. Finally, Global Financial Private Client LLC lifted its stake in shares of AAR by 4.0% in 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 during the last quarter. Institutional investors and hedge funds own 90.74% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Stifel Nicolaus cut their price objective on AAR from $86.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, July 19th. Royal Bank of Canada lifted their price target on shares of AAR from $80.00 to $85.00 and gave the company an "outperform" rating in a research report on Friday, July 19th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, AAR currently has an average rating of "Moderate Buy" and a consensus price target of $83.50.

AAR Trading Down 3.2 %

AIR traded down $2.13 during mid-day trading on Friday, hitting $63.92. 253,506 shares of the stock were exchanged, compared to its average volume of 301,518. The company has a market cap of $2.26 billion, a PE ratio of 37.60 and a beta of 1.55. The company has a current ratio of 2.98, a quick ratio of 1.41 and a debt-to-equity ratio of 0.83. The firm's fifty day moving average is $66.19 and its two-hundred day moving average is $66.52. AAR Corp. has a 1-year low of $54.71 and a 1-year high of $76.34.

AAR (NYSE:AIR - Get Free Report) last issued its quarterly earnings results on Thursday, July 18th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.02. The business had revenue of $656.50 million for the quarter, compared to analysts' expectations of $660.05 million. AAR had a net margin of 2.00% and a return on equity of 10.16%. The business's quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 earnings per share. Equities analysts forecast that AAR Corp. will post 3.84 earnings per share for the current fiscal year.

AAR Profile

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. It operates through Aviation Services and Expeditionary Services segments. The Aviation Services segment engages in lease and sale of new, overhauled and repaired engine, and airframe parts and components, as well as aircrafts; and offers customized flight hour component inventory and repair, warranty claim management, and outsourcing programs for engine and airframe parts and components.