Thrivent Financial for Lutherans Raises Stock Holdings in AAR Corp. (NYSE:AIR)

Thrivent Financial for Lutherans raised its position in shares of AAR Corp. (NYSE:AIR) by 0.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 298,420 shares of the aerospace company’s stock after purchasing an additional 938 shares during the quarter. Thrivent Financial for Lutherans’ holdings in AAR were worth $19,505,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Janus Henderson Group PLC boosted its holdings in AAR by 13.8% in the first 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 last quarter. Kennedy Capital Management LLC grew its holdings in AAR by 205.0% during the first quarter. Kennedy Capital Management LLC now owns 79,393 shares of the aerospace company’s stock worth $4,753,000 after acquiring an additional 53,363 shares during the period. Principal Financial Group Inc. grew its holdings in AAR by 18.5% during the third quarter. Principal Financial Group Inc. now owns 500,200 shares of the aerospace company’s stock worth $32,693,000 after acquiring an additional 77,974 shares during the period. Boston Partners acquired a new position in AAR in the first quarter valued at approximately $25,794,000. Finally, Allspring Global Investments Holdings LLC boosted its position in AAR by 41.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 551,439 shares of the aerospace company’s stock worth $40,090,000 after purchasing an additional 160,363 shares in the last quarter. 90.74% of the stock is owned by institutional investors and hedge funds.

AAR Stock Up 0.2 %

Shares of NYSE AIR opened at $67.49 on Thursday. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 37.08 and a beta of 1.57. The company’s 50-day simple moving average is $64.18 and its 200-day simple moving average is $66.60. The company has a quick ratio of 1.45, a current ratio of 3.06 and a debt-to-equity ratio of 0.81. AAR Corp. has a 52-week low of $54.71 and a 52-week high of $76.34.

AAR (NYSE:AIR) last posted its quarterly earnings data on Monday, September 23rd. The aerospace company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.82 by $0.03. The company had revenue of $661.70 million during the quarter, compared to analyst estimates of $645.60 million. AAR had a return on equity of 10.22% and a net margin of 2.67%. AAR’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.78 EPS. Equities analysts predict that AAR Corp. will post 3.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AIR. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 target price on shares of AAR in a report on Monday, November 4th. StockNews.com upgraded shares of AAR from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Finally, Benchmark restated a “buy” rating and set a $83.00 target price on shares of AAR in a research report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, AAR has a consensus rating of “Moderate Buy” and an average target price of $81.00.

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.