Quantbot Technologies LP Takes $1.63 Million Position in AAR Corp. $AIR

Quantbot Technologies LP acquired a new position in shares of AAR Corp. (NYSE:AIR) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 11,413 shares of the aerospace company’s stock, valued at approximately $1,631,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AIR. Whittier Trust Co. of Nevada Inc. bought a new stake in AAR during the 1st quarter valued at $25,000. McMillan Office Inc. acquired a new position in AAR during the 4th quarter worth $25,000. Osterweis Capital Management Inc. acquired a new position in AAR during the 2nd quarter worth $26,000. Morse Asset Management Inc bought a new position in shares of AAR in the third quarter worth $27,000. Finally, NBC Securities Inc. bought a new position in shares of AAR in the fourth quarter worth $28,000. 90.74% of the stock is owned by institutional investors.

AAR Trading Down 0.2%

Shares of AAR stock opened at $134.53 on Tuesday. The business has a fifty day simple moving average of $138.64 and a 200-day simple moving average of $122.13. AAR Corp. has a fifty-two week low of $73.05 and a fifty-two week high of $154.00. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 27.85 and a beta of 1.11. The company has a quick ratio of 1.24, a current ratio of 2.84 and a debt-to-equity ratio of 0.52.

AAR (NYSE:AIR) last released its earnings results on Tuesday, July 21st. The aerospace company reported $1.53 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $928.00 million for the quarter, compared to analyst estimates of $893.03 million. During the same period in the previous year, the company earned $1.16 earnings per share. AAR’s revenue was up 23.0% compared to the same quarter last year. On average, equities analysts forecast that AAR Corp. will post 5.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Truist Financial lifted their price objective on shares of AAR from $128.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Wall Street Zen lowered shares of AAR from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Zacks Research raised shares of AAR from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. Weiss Ratings upgraded shares of AAR from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 23rd. Finally, Jefferies Financial Group upped their price target on shares of AAR from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, AAR currently has a consensus rating of “Moderate Buy” and an average price target of $135.60.

AAR 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.