AAR Corp. (NYSE:AIR) Holdings Increased by American Century Companies Inc.

American Century Companies Inc. increased its position in AAR Corp. (NYSE:AIR - Free Report) by 1,956.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 909,953 shares of the aerospace company's stock after purchasing an additional 865,705 shares during the quarter. American Century Companies Inc. owned 2.57% of AAR worth $66,154,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in AIR. EverSource Wealth Advisors LLC boosted its stake in AAR by 283.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 544 shares of the aerospace company's stock valued at $33,000 after acquiring an additional 402 shares during the last quarter. Quest Partners LLC bought a new position in AAR during the 2nd quarter valued at $33,000. Innealta Capital LLC bought a new position in AAR during the 2nd quarter valued at $49,000. Geneos Wealth Management Inc. bought a new position in AAR during the 1st quarter valued at $63,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in AAR by 348.1% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,416 shares of the aerospace company's stock valued at $103,000 after acquiring an additional 1,100 shares during the last quarter. 90.74% of the stock is currently owned by hedge funds and other institutional investors.

AAR Stock Performance

Shares of NYSE:AIR traded down $0.41 on Monday, reaching $67.23. 262,834 shares of the company's stock were exchanged, compared to its average volume of 299,875. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 39.55 and a beta of 1.55. AAR Corp. has a fifty-two week low of $54.71 and a fifty-two week high of $76.34. The business's 50-day moving average is $65.58 and its two-hundred day moving average is $66.51. The company has a quick ratio of 1.41, a current ratio of 2.98 and a debt-to-equity ratio of 0.83.

AAR (NYSE:AIR - Get Free Report) last released its quarterly earnings data on Thursday, July 18th. The aerospace company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.02. AAR had a net margin of 2.00% and a return on equity of 10.16%. The business had revenue of $656.50 million for the quarter, compared to analysts' expectations of $660.05 million. During the same quarter last year, the company earned $0.83 EPS. The company's revenue for the quarter was up 18.7% compared to the same quarter last year. As a group, equities research analysts forecast that AAR Corp. will post 3.74 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on AIR shares. Royal Bank of Canada increased their price objective on shares of AAR from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Friday, July 19th. StockNews.com cut shares of AAR from a "hold" rating to a "sell" rating in a report on Wednesday, September 11th. Finally, Stifel Nicolaus dropped their target price on shares of AAR from $86.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $83.50.

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.