AAR Corp. (NYSE:AIR) Shares Bought by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC grew its position in AAR Corp. (NYSE:AIR) by 43.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 778 shares of the aerospace company’s stock after purchasing an additional 234 shares during the period. EverSource Wealth Advisors LLC’s holdings in AAR were worth $57,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Westwood Holdings Group Inc. purchased a new position in AAR during the 2nd quarter worth approximately $77,754,000. American Century Companies Inc. raised its holdings in shares of AAR by 1,956.5% during the second quarter. American Century Companies Inc. now owns 909,953 shares of the aerospace company’s stock worth $66,154,000 after purchasing an additional 865,705 shares during the last quarter. Boston Partners acquired a new position in AAR during the first quarter valued at $25,794,000. Allspring Global Investments Holdings LLC boosted its holdings in AAR by 889.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 391,076 shares of the aerospace company’s stock valued at $23,414,000 after purchasing an additional 351,540 shares during the last quarter. Finally, Norges Bank acquired a new stake in AAR during the 4th quarter worth about $21,511,000. 90.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AIR. Benchmark reissued a “buy” rating and issued a $83.00 price objective on shares of AAR in a report on Tuesday. StockNews.com cut shares of AAR from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. Stifel Nicolaus lowered their price target on shares of AAR from $86.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, July 19th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $85.00 price objective on shares of AAR in a report on Tuesday. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $83.50.

AAR Trading Up 1.4 %

Shares of NYSE:AIR opened at $64.68 on Friday. The business’s 50 day moving average price is $64.47 and its 200-day moving average price is $66.60. AAR Corp. has a 1 year low of $54.71 and a 1 year high of $76.34. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 38.05 and a beta of 1.55. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.98 and a quick ratio of 1.41.

AAR (NYSE:AIR) last announced its earnings results on Monday, September 23rd. The aerospace company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.03. The business had revenue of $661.70 million for the quarter, compared to analyst estimates of $645.60 million. AAR had a net margin of 2.67% and a return on equity of 10.31%. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.78 earnings per share. On average, equities research analysts forecast that AAR Corp. will post 3.72 earnings per share for the current fiscal 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.