Stanley Laman Group Ltd. Increases Stake in AAR Corp. (NYSE:AIR)

Stanley Laman Group Ltd. lifted its stake in shares of AAR Corp. (NYSE:AIR) by 7.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 75,722 shares of the aerospace company’s stock after buying an additional 5,008 shares during the quarter. Stanley Laman Group Ltd. owned about 0.21% of AAR worth $4,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in shares of AAR by 283.1% during the first quarter. EverSource Wealth Advisors LLC now owns 544 shares of the aerospace company’s stock valued at $33,000 after buying an additional 402 shares during the period. Quest Partners LLC purchased a new stake in AAR in the second quarter worth about $33,000. Innealta Capital LLC purchased a new stake in AAR in the second quarter worth about $49,000. Geneos Wealth Management Inc. purchased a new stake in AAR in the first quarter worth about $63,000. Finally, Harel Insurance Investments & Financial Services Ltd. grew its holdings in AAR by 348.1% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,416 shares of the aerospace company’s stock worth $103,000 after purchasing an additional 1,100 shares during the period. Hedge funds and other institutional investors own 90.74% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Stifel Nicolaus lowered their price objective on shares of AAR from $86.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, July 19th. Benchmark restated a “buy” rating and set a $83.00 price objective on shares of AAR in a research report on Friday, October 4th. StockNews.com upgraded shares of AAR from a “sell” rating to a “hold” rating in a research report on Monday. Finally, Royal Bank of Canada restated an “outperform” rating and set a $85.00 price objective on shares of AAR in a research report on Tuesday, September 24th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, AAR has a consensus rating of “Moderate Buy” and a consensus price target of $83.50.

AAR Stock Performance

Shares of NYSE AIR opened at $61.67 on Wednesday. The firm has a fifty day moving average price of $64.54 and a 200-day moving average price of $66.86. 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 stock has a market cap of $2.18 billion, a PE ratio of 36.28 and a beta of 1.55. AAR Corp. has a 1 year low of $54.71 and a 1 year high of $76.34.

AAR (NYSE:AIR) last announced its quarterly earnings data on Monday, September 23rd. The aerospace company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. The firm had revenue of $661.70 million during 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%. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.78 earnings per share. Equities analysts anticipate that AAR Corp. will post 3.63 earnings per share for the current fiscal year.

AAR Company Profile

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.