Emerald Advisers LLC Buys 6,399 Shares of AAR Corp. (NYSE:AIR)

Emerald Advisers LLC increased its stake in shares of AAR Corp. (NYSE:AIR) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 491,406 shares of the aerospace company’s stock after acquiring an additional 6,399 shares during the quarter. AAR makes up about 1.2% of Emerald Advisers LLC’s portfolio, making the stock its 22nd largest position. Emerald Advisers LLC owned approximately 1.39% of AAR worth $32,118,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Earnest Partners LLC increased its holdings in shares of 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 acquiring an additional 48,630 shares in the last quarter. Westwood Holdings Group Inc. acquired a new stake in AAR in the 2nd quarter valued at $77,754,000. American Century Companies Inc. increased its stake in AAR by 1,956.5% during the 2nd quarter. American Century Companies Inc. now owns 909,953 shares of the aerospace company’s stock valued at $66,154,000 after purchasing an additional 865,705 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in AAR by 32.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 732,957 shares of the aerospace company’s stock worth $47,906,000 after buying an additional 181,518 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake 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 buying an additional 64,274 shares in the last quarter. 90.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AIR shares. Royal Bank of Canada reissued an “outperform” rating and set a $85.00 target price on shares of AAR in a research report on Tuesday, September 24th. Benchmark reissued a “buy” rating and set a $83.00 price objective on shares of AAR in a report on Friday, October 4th. StockNews.com upgraded AAR from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Finally, Stifel Nicolaus decreased their price target on AAR from $86.00 to $85.00 and set a “buy” rating for the company in a report on Friday, July 19th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.50.

AAR Stock Performance

Shares of AIR stock traded down $0.30 during trading on Friday, hitting $58.40. The company’s 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. The company has a market cap of $2.10 billion, a PE ratio of 32.09 and a beta of 1.55. The business has a fifty day moving average of $64.07 and a 200-day moving average of $66.76. AAR Corp. has a 52 week low of $54.71 and a 52 week high of $76.34.

AAR (NYSE:AIR) last announced its quarterly earnings data on Monday, September 23rd. The aerospace company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. The firm had revenue of $661.70 million during 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 business’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 EPS. As a group, research 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.