Segall Bryant & Hamill LLC Has $18.59 Million Stock Position in AAR Corp. (NYSE:AIR)

Segall Bryant & Hamill LLC cut its holdings in shares of AAR Corp. (NYSE:AIR - Free Report) by 25.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 284,396 shares of the aerospace company's stock after selling 98,191 shares during the period. Segall Bryant & Hamill LLC owned about 0.79% of AAR worth $18,588,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AIR. ProShare Advisors LLC grew its holdings in shares of AAR by 7.3% during the first quarter. ProShare Advisors LLC now owns 6,808 shares of the aerospace company's stock worth $408,000 after purchasing an additional 461 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in AAR by 14.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,311 shares of the aerospace company's stock valued at $617,000 after acquiring an additional 1,460 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of AAR by 4.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 31,103 shares of the aerospace company's stock worth $1,862,000 after acquiring an additional 1,242 shares during the last quarter. EntryPoint Capital LLC acquired a new position in shares of AAR during the first quarter worth approximately $147,000. Finally, Lazard Asset Management LLC grew its stake in shares of AAR by 28.0% during the first quarter. Lazard Asset Management LLC now owns 2,559 shares of the aerospace company's stock valued at $152,000 after purchasing an additional 560 shares during the last quarter. 90.74% of the stock is owned by institutional investors and hedge funds.

AAR Price Performance

Shares of AIR opened at $67.49 on Thursday. The stock has a market cap of $2.42 billion, a P/E ratio of 37.08 and a beta of 1.57. AAR Corp. has a 1 year low of $54.71 and a 1 year high of $76.34. The stock's 50-day moving average price is $64.18 and its two-hundred day moving average price is $66.60. 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 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.03. AAR had a return on equity of 10.22% and a net margin of 2.67%. The firm had revenue of $661.70 million for the quarter, compared to analyst estimates of $645.60 million. During the same period in the previous year, the company posted $0.78 earnings per share. The company's revenue for the quarter was up 20.4% on a year-over-year basis. On average, equities analysts predict that AAR Corp. will post 3.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Benchmark restated a "buy" rating and issued a $83.00 price objective on shares of AAR in a research report on Friday, October 4th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $75.00 price target on shares of AAR in a research note on Monday, November 4th. Finally, StockNews.com upgraded AAR from a "sell" rating to a "hold" rating in a report on Monday, October 21st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price 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.