AAR Corp. (NYSE:AIR) Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its stake in AAR Corp. (NYSE:AIR) by 1,956.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 909,953 shares of the aerospace company’s stock after purchasing an additional 865,705 shares during the quarter. American Century Companies Inc. owned approximately 2.57% of AAR worth $66,154,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Quest Partners LLC acquired a new stake in AAR in the 2nd quarter worth about $33,000. EverSource Wealth Advisors LLC lifted 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 acquiring an additional 402 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of AAR in the second quarter worth approximately $49,000. Geneos Wealth Management Inc. purchased a new stake in shares of AAR during the first quarter worth approximately $63,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in shares of 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 purchasing an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors own 90.74% of the company’s stock.

Analysts Set New Price Targets

AIR has been the topic of several recent research reports. Stifel Nicolaus lowered their target price on shares of 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 lowered shares of AAR from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. Finally, Royal Bank of Canada increased their price objective on shares of AAR from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $83.50.

AAR Stock Up 2.6 %

NYSE AIR opened at $67.64 on Monday. The business’s fifty day simple moving average is $65.58 and its 200-day simple moving average is $66.51. The company has a quick ratio of 1.41, a current ratio of 2.98 and a debt-to-equity ratio of 0.83. The firm has a market cap of $2.42 billion, a PE ratio of 39.79 and a beta of 1.55. AAR Corp. has a 52 week low of $54.71 and a 52 week high of $76.34.

AAR (NYSE:AIR) last issued its earnings results on Thursday, July 18th. The aerospace company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.02. The company had revenue of $656.50 million for the quarter, compared to the consensus estimate of $660.05 million. AAR had a net margin of 2.00% and a return on equity of 10.16%. AAR’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.83 earnings per share. As a group, equities analysts anticipate that AAR Corp. will post 3.74 earnings per share for the current 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.