Phocas Financial Corp. Has $8.88 Million Position in AAR Corp. (NYSE:AIR)

Phocas Financial Corp. lowered its position in AAR Corp. (NYSE:AIR - Free Report) by 5.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 135,809 shares of the aerospace company's stock after selling 8,300 shares during the quarter. Phocas Financial Corp. owned about 0.38% of AAR worth $8,876,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in AIR. EverSource Wealth Advisors LLC increased its stake in shares of AAR by 283.1% in the first quarter. EverSource Wealth Advisors LLC now owns 544 shares of the aerospace company's stock valued at $33,000 after purchasing an additional 402 shares during the period. Quest Partners LLC acquired a new position in shares of AAR during the second quarter valued at approximately $33,000. Innealta Capital LLC acquired a new position in shares of AAR during the second quarter valued at approximately $49,000. KBC Group NV increased its stake in shares of AAR by 32.9% during the third quarter. KBC Group NV now owns 1,324 shares of the aerospace company's stock valued at $87,000 after acquiring an additional 328 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of AAR by 348.1% during the second 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 period. Institutional investors and hedge funds own 90.74% of the company's stock.

Analyst Upgrades and Downgrades

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

AAR Price Performance

NYSE:AIR traded up $0.64 during mid-day trading on Tuesday, hitting $67.14. The company's stock had a trading volume of 38,317 shares, compared to its average volume of 304,088. The company has a current ratio of 3.06, a quick ratio of 1.45 and a debt-to-equity ratio of 0.81. The stock has a fifty day moving average of $64.06 and a 200-day moving average of $66.61. AAR Corp. has a fifty-two week low of $54.71 and a fifty-two week high of $76.34. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 36.54 and a beta of 1.57.

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

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.