Quest Partners LLC Boosts Stake in AAR Corp. (NYSE:AIR)

Quest Partners LLC grew its position in shares of AAR Corp. (NYSE:AIR - Free Report) by 2,082.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,776 shares of the aerospace company's stock after acquiring an additional 9,328 shares during the quarter. Quest Partners LLC's holdings in AAR were worth $639,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans raised its holdings in AAR by 0.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 298,420 shares of the aerospace company's stock worth $19,505,000 after buying an additional 938 shares during the period. Natixis Advisors LLC raised its position in shares of AAR by 96.4% in the third quarter. Natixis Advisors LLC now owns 28,236 shares of the aerospace company's stock valued at $1,846,000 after purchasing an additional 13,861 shares during the period. Royce & Associates LP boosted its stake in AAR by 8.9% during the third quarter. Royce & Associates LP now owns 243,560 shares of the aerospace company's stock worth $15,919,000 after buying an additional 19,920 shares in the last quarter. KBC Group NV boosted its stake in AAR by 32.9% during the third quarter. KBC Group NV now owns 1,324 shares of the aerospace company's stock worth $87,000 after buying an additional 328 shares in the last quarter. Finally, Versor Investments LP boosted its stake in AAR by 9.8% during the third quarter. Versor Investments LP now owns 10,148 shares of the aerospace company's stock worth $663,000 after buying an additional 904 shares in the last quarter. Institutional investors and hedge funds own 90.74% of the company's stock.

Wall Street Analyst Weigh In

AIR has been the subject of a number of analyst reports. StockNews.com raised AAR from a "sell" rating to a "hold" rating in a report on Monday, October 21st. Benchmark restated a "buy" rating and set a $83.00 target price on shares of AAR in a research report on Friday, October 4th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $75.00 price target on shares of AAR in a research note on Monday, November 4th. One investment 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.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $81.00.

AAR Stock Up 1.8 %

Shares of NYSE:AIR traded up $1.24 during mid-day trading on Friday, hitting $69.08. 229,701 shares of the company traded hands, compared to its average volume of 233,249. The stock has a 50-day moving average price of $64.22 and a two-hundred day moving average price of $66.61. The stock has a market cap of $2.48 billion, a P/E ratio of 37.96 and a beta of 1.57. AAR Corp. has a 12-month low of $54.71 and a 12-month high of $76.34. 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 posted its 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. The business had revenue of $661.70 million during the quarter, compared to analysts' expectations of $645.60 million. AAR had a return on equity of 10.22% and a net margin of 2.67%. The firm's revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.78 earnings per share. On average, equities research analysts forecast that AAR Corp. will post 3.63 earnings per share for the current 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.