Emerald Advisers LLC Boosts Stock Holdings in AAR Corp. (NYSE:AIR)

Emerald Advisers LLC boosted its position in AAR Corp. (NYSE:AIR) by 1.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 491,406 shares of the aerospace company’s stock after purchasing an additional 6,399 shares during the period. AAR makes up approximately 1.2% of Emerald Advisers LLC’s holdings, making the stock its 22nd largest holding. Emerald Advisers LLC’s holdings in AAR were worth $32,118,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in AIR. Earnest Partners LLC grew its stake in shares of AAR by 3.2% during the 2nd quarter. Earnest Partners LLC now owns 1,588,893 shares of the aerospace company’s stock worth $115,513,000 after acquiring an additional 48,630 shares during the period. Westwood Holdings Group Inc. purchased a new stake in AAR during the second quarter valued at about $77,754,000. American Century Companies Inc. boosted its position in 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 period. Allspring Global Investments Holdings LLC increased its stake in shares of AAR by 32.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 732,957 shares of the aerospace company’s stock worth $47,906,000 after purchasing an additional 181,518 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of 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 period. 90.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AIR has been the subject of a number of recent research reports. Benchmark reiterated a “buy” rating and issued a $83.00 price objective on shares of AAR in a research note on Friday, October 4th. Stifel Nicolaus decreased their price objective on AAR from $86.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, July 19th. StockNews.com upgraded AAR from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $85.00 price target on shares of AAR in a research report on Tuesday, September 24th. 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.50.

AAR Price Performance

Shares of AAR stock traded down $0.30 during trading on Friday, hitting $58.40. The stock had a trading volume of 174,317 shares, compared to its average volume of 306,911. The company has a current ratio of 3.06, a quick ratio of 1.45 and a debt-to-equity ratio of 0.81. AAR Corp. has a 12 month low of $54.71 and a 12 month high of $76.34. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 32.09 and a beta of 1.55. The business’s 50-day moving average is $64.07 and its 200 day moving average is $66.76.

AAR (NYSE:AIR) last announced its earnings results on Monday, September 23rd. The aerospace company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 10.22% and a net margin of 2.67%. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.78 EPS. As a group, sell-side analysts anticipate that AAR Corp. will post 3.63 earnings per share 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.