Stanley Laman Group Ltd. Acquires 5,008 Shares of AAR Corp. (NYSE:AIR)

Stanley Laman Group Ltd. raised its holdings in shares of AAR Corp. (NYSE:AIR) by 7.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,722 shares of the aerospace company’s stock after purchasing an additional 5,008 shares during the quarter. Stanley Laman Group Ltd.’s holdings in AAR were worth $4,949,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its position in AAR by 1.2% during the fourth 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 last quarter. Earnest Partners LLC lifted its position in AAR by 3.2% during the second quarter. Earnest Partners LLC now owns 1,588,893 shares of the aerospace company’s stock valued at $115,513,000 after purchasing an additional 48,630 shares during the last quarter. Westwood Holdings Group Inc. bought a new position in AAR during the second quarter valued at $77,754,000. American Century Companies Inc. lifted 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 worth $66,154,000 after acquiring an additional 865,705 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of AAR by 32.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 732,957 shares of the aerospace company’s stock worth $47,906,000 after acquiring an additional 181,518 shares during the last quarter. Institutional investors own 90.74% of the company’s stock.

Wall Street Analyst Weigh In

AIR has been the subject of several analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $85.00 target price on shares of AAR in a report on Tuesday, September 24th. StockNews.com upgraded shares of AAR from a “sell” rating to a “hold” rating in a report on Monday. Benchmark restated a “buy” rating and issued a $83.00 target price on shares of AAR in a report on Friday, October 4th. Finally, Stifel Nicolaus lowered their target price on shares of AAR from $86.00 to $85.00 and set a “buy” rating for the company in a report on Friday, July 19th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $83.50.

AAR Trading Down 1.8 %

Shares of AIR opened at $61.67 on Wednesday. AAR Corp. has a 1-year low of $54.71 and a 1-year high of $76.34. The company has a 50-day moving average of $64.54 and a 200 day moving average of $66.86. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 36.28 and a beta of 1.55. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.06 and a quick ratio of 1.45.

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