Cibc World Market Inc. Acquires New Stake in AAR Corp. $AIR

Cibc World Market Inc. acquired a new stake in shares of AAR Corp. (NYSE:AIR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,188 shares of the aerospace company’s stock, valued at approximately $884,000.

Other large investors have also bought and sold shares of the company. Lido Advisors LLC raised its stake in shares of AAR by 2.8% in the fourth quarter. Lido Advisors LLC now owns 3,618 shares of the aerospace company’s stock valued at $318,000 after buying an additional 98 shares during the period. Smartleaf Asset Management LLC increased its holdings in AAR by 12.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,162 shares of the aerospace company’s stock worth $97,000 after acquiring an additional 126 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in AAR by 1.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,073 shares of the aerospace company’s stock worth $884,000 after acquiring an additional 132 shares during the last quarter. CWM LLC raised its stake in AAR by 19.3% in the 4th quarter. CWM LLC now owns 950 shares of the aerospace company’s stock valued at $79,000 after acquiring an additional 154 shares during the period. Finally, Assetmark Inc. lifted its holdings in AAR by 10.7% during the first quarter. Assetmark Inc. now owns 1,606 shares of the aerospace company’s stock valued at $176,000 after purchasing an additional 155 shares during the last quarter. 90.74% of the stock is owned by hedge funds and other institutional investors.

AAR Stock Performance

Shares of AIR opened at $135.82 on Friday. AAR Corp. has a 52-week low of $73.05 and a 52-week high of $154.00. The stock’s 50-day simple moving average is $138.88 and its 200 day simple moving average is $122.71. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.24 and a current ratio of 2.84. The stock has a market capitalization of $5.42 billion, a price-to-earnings ratio of 28.12 and a beta of 1.11.

AAR (NYSE:AIR) last posted its earnings results on Tuesday, July 21st. The aerospace company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.15. AAR had a return on equity of 12.67% and a net margin of 5.67%.The business had revenue of $928.00 million during the quarter, compared to analyst estimates of $893.03 million. During the same quarter in the previous year, the firm earned $1.16 EPS. The company’s quarterly revenue was up 23.0% compared to the same quarter last year. Research analysts forecast that AAR Corp. will post 5.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AIR shares. Jefferies Financial Group increased their target price on shares of AAR from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Wall Street Zen cut shares of AAR from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Zacks Research upgraded shares of AAR from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. Weiss Ratings raised shares of AAR from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. Finally, KeyCorp reiterated a “sector weight” rating on shares of AAR in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $135.60.

AAR Company Profile

AAR Corp. (NYSE: AIR) is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.

In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.