Royce & Associates LP Has $15.92 Million Stake in AAR Corp. (NYSE:AIR)

Royce & Associates LP grew its position in AAR Corp. (NYSE:AIR) by 8.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 243,560 shares of the aerospace company’s stock after purchasing an additional 19,920 shares during the quarter. Royce & Associates LP’s holdings in AAR were worth $15,919,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quest Partners LLC acquired a new position in shares of AAR in the second quarter valued at approximately $33,000. EverSource Wealth Advisors LLC grew its position in shares of AAR by 283.1% in the first quarter. EverSource Wealth Advisors LLC now owns 544 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 402 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of AAR in the second quarter valued at approximately $49,000. KBC Group NV grew its position in AAR by 32.9% during the third quarter. KBC Group NV now owns 1,324 shares of the aerospace company’s stock worth $87,000 after buying an additional 328 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its position in 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 buying an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. StockNews.com raised AAR from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Royal Bank of Canada reissued an “outperform” rating and set a $75.00 price target on shares of AAR in a research report on Monday, November 4th. Benchmark reissued a “buy” rating and set a $83.00 price target on shares of AAR in a research report on Friday, October 4th. Finally, Stifel Nicolaus reduced their price target on AAR from $86.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, July 19th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $81.00.

AAR Trading Down 1.4 %

Shares of AIR stock opened at $66.11 on Friday. The stock’s fifty day moving average price is $64.03 and its two-hundred day moving average price is $66.67. The company has a market cap of $2.37 billion, a PE ratio of 36.32 and a beta of 1.57. AAR Corp. has a fifty-two week low of $54.71 and a fifty-two week high of $76.34. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.45 and a current ratio of 3.06.

AAR (NYSE:AIR) last issued its earnings results on Monday, September 23rd. The aerospace company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. The firm had revenue of $661.70 million for the quarter, compared to the consensus estimate of $645.60 million. AAR had a return on equity of 10.22% and a net margin of 2.67%. The company’s revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 EPS. Equities analysts predict that AAR Corp. will post 3.63 EPS for the current fiscal year.

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.