ProShare Advisors LLC Has $378,000 Stock Holdings in AAR Corp. (NYSE:AIR)

ProShare Advisors LLC trimmed its holdings in shares of AAR Corp. (NYSE:AIR) by 23.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,195 shares of the aerospace company’s stock after selling 1,613 shares during the period. ProShare Advisors LLC’s holdings in AAR were worth $378,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of AAR by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 3,761,632 shares of the aerospace company’s stock valued at $234,726,000 after purchasing an additional 44,948 shares during the period. Westwood Holdings Group Inc. bought a new stake in shares of AAR in the 2nd quarter valued at about $77,754,000. American Century Companies Inc. raised its holdings in shares of AAR by 1,956.5% in the 2nd quarter. American Century Companies Inc. now owns 909,953 shares of the aerospace company’s stock valued at $66,154,000 after purchasing an additional 865,705 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of AAR by 41.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 551,439 shares of the aerospace company’s stock valued at $40,090,000 after purchasing an additional 160,363 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in shares of AAR by 13.8% in the 1st quarter. Janus Henderson Group PLC now owns 530,682 shares of the aerospace company’s stock valued at $31,772,000 after purchasing an additional 64,274 shares during the period. 90.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AIR has been the topic of a number of research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $85.00 target price on shares of AAR in a report on Tuesday, September 24th. Benchmark reissued a “buy” rating and issued a $83.00 price target on shares of AAR in a report on Tuesday, September 24th. StockNews.com cut shares of AAR from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. Finally, 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. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.50.

AAR Stock Down 0.2 %

Shares of AIR opened at $65.39 on Thursday. AAR Corp. has a 12 month low of $54.71 and a 12 month high of $76.34. The firm’s 50 day moving average is $64.39 and its 200-day moving average is $66.66. The stock has a market capitalization of $2.32 billion, a PE ratio of 38.46 and a beta of 1.55. The company has a current ratio of 2.98, a quick ratio of 1.41 and a debt-to-equity ratio of 0.83.

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