448 Shares in AAR Corp. (NYSE:AIR) Purchased by Quest Partners LLC

Quest Partners LLC acquired a new position in shares of AAR Corp. (NYSE:AIR) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 448 shares of the aerospace company’s stock, valued at approximately $33,000.

Other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its holdings in shares of AAR by 283.1% during the first quarter. EverSource Wealth Advisors LLC now owns 544 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 402 shares during the period. Innealta Capital LLC bought a new stake in shares of AAR during the second quarter worth approximately $49,000. Geneos Wealth Management Inc. bought a new stake in shares of AAR during the first quarter worth approximately $63,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of AAR by 348.1% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,416 shares of the aerospace company’s stock worth $103,000 after acquiring an additional 1,100 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of AAR by 40.4% during the second quarter. Nisa Investment Advisors LLC now owns 1,488 shares of the aerospace company’s stock worth $108,000 after acquiring an additional 428 shares during the period. Institutional investors own 90.74% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. StockNews.com cut AAR from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. Royal Bank of Canada boosted their price target on AAR from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Finally, Stifel Nicolaus cut their price target on AAR from $86.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $83.50.

AAR Trading Up 1.0 %

Shares of AIR stock opened at $69.55 on Friday. The company has a current ratio of 2.98, a quick ratio of 1.41 and a debt-to-equity ratio of 0.83. The stock has a market cap of $2.46 billion, a P/E ratio of 40.91 and a beta of 1.55. The stock has a 50 day simple moving average of $65.25 and a 200 day simple moving average of $66.56. AAR Corp. has a 1 year low of $54.71 and a 1 year high of $76.34.

AAR (NYSE:AIR) last announced its quarterly earnings data on Thursday, July 18th. The aerospace company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.86 by $0.02. AAR had a net margin of 2.00% and a return on equity of 10.16%. The business had revenue of $656.50 million during the quarter, compared to the consensus estimate of $660.05 million. During the same period in the previous year, the business earned $0.83 earnings per share. The company’s revenue was up 18.7% on a year-over-year basis. On average, research analysts predict that AAR Corp. will post 3.74 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.