AAR Corp. (NYSE:AIR) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of AAR Corp. (NYSE:AIR) by 1.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,451 shares of the aerospace company’s stock after buying an additional 879 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.21% of AAR worth $4,997,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Westwood Holdings Group Inc. acquired a new position in AAR during the 2nd quarter worth approximately $77,754,000. American Century Companies Inc. grew its holdings 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 acquiring an additional 865,705 shares during the period. Allspring Global Investments Holdings LLC raised its position in 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 acquiring an additional 181,518 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in AAR by 83.6% in the second quarter. Thrivent Financial for Lutherans now owns 297,482 shares of the aerospace company’s stock valued at $21,627,000 after acquiring an additional 135,445 shares during the period. Finally, Loomis Sayles & Co. L P boosted its position in shares of AAR by 20.5% during the 3rd quarter. Loomis Sayles & Co. L P now owns 790,267 shares of the aerospace company’s stock worth $51,652,000 after purchasing an additional 134,215 shares in the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AIR. Benchmark reiterated a “buy” rating and issued a $83.00 price target on shares of AAR in a report on Friday, October 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 target price on shares of AAR in a report on Monday, November 4th. Finally, StockNews.com raised AAR from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. 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 company presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.00.

AAR Stock Performance

NYSE:AIR opened at $67.30 on Thursday. 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 capitalization of $2.42 billion, a P/E ratio of 36.98 and a beta of 1.59. The firm has a 50-day moving average price of $64.76 and a two-hundred day moving average price of $66.29. AAR Corp. has a twelve month low of $54.71 and a twelve month high of $76.34.

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, topping the consensus estimate of $0.82 by $0.03. AAR had a return on equity of 10.22% and a net margin of 2.67%. The firm had revenue of $661.70 million during the quarter, compared to the consensus estimate of $645.60 million. During the same period in the previous year, the firm posted $0.78 EPS. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. As a group, research analysts expect that AAR Corp. will post 3.63 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.