PDT Partners LLC Makes New $503,000 Investment in AAR Corp. (NYSE:AIR)

PDT Partners LLC purchased a new position in shares of AAR Corp. (NYSE:AIR - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,700 shares of the aerospace company's stock, valued at approximately $503,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Verition Fund Management LLC grew its stake in shares of AAR by 28.7% during the third quarter. Verition Fund Management LLC now owns 18,017 shares of the aerospace company's stock valued at $1,178,000 after buying an additional 4,015 shares during the last quarter. Captrust Financial Advisors grew its position in AAR by 5.3% in the 3rd quarter. Captrust Financial Advisors now owns 3,537 shares of the aerospace company's stock valued at $231,000 after acquiring an additional 177 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in AAR by 1.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 76,451 shares of the aerospace company's stock worth $4,997,000 after purchasing an additional 879 shares during the period. Public Sector Pension Investment Board lifted its position in shares of AAR by 2.6% during the third quarter. Public Sector Pension Investment Board now owns 74,736 shares of the aerospace company's stock worth $4,885,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of AAR by 5.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,843 shares of the aerospace company's stock valued at $643,000 after purchasing an additional 551 shares during the period. 90.74% of the stock is currently owned by institutional investors.

AAR Stock Performance

AAR stock traded down $1.17 during mid-day trading on Tuesday, reaching $68.40. 142,402 shares of the company traded hands, compared to its average volume of 222,251. AAR Corp. has a fifty-two week low of $54.71 and a fifty-two week high of $76.34. The firm's fifty day moving average is $64.35 and its two-hundred day moving average is $66.42. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.06 and a quick ratio of 1.45. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 37.58 and a beta of 1.59.

AAR (NYSE:AIR - Get Free Report) last announced its quarterly earnings results on Monday, September 23rd. The aerospace company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.03. The company had revenue of $661.70 million for the quarter, compared to the consensus estimate of $645.60 million. AAR had a return on equity of 10.22% and a net margin of 2.67%. The firm's revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period last year, the firm earned $0.78 EPS. On average, equities research analysts expect that AAR Corp. will post 3.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AIR has been the topic of several recent analyst reports. Benchmark reaffirmed a "buy" rating and issued a $83.00 price target on shares of AAR in a research note on Friday, October 4th. StockNews.com raised shares of AAR from a "sell" rating to a "hold" rating in a research report on Monday, October 21st. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $75.00 price target on shares of AAR in a report on Monday, November 4th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus 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.