Westwood Holdings Group Inc. Buys Shares of 1,069,523 AAR Corp. (NYSE:AIR)

Westwood Holdings Group Inc. bought a new position in AAR Corp. (NYSE:AIR) in the second quarter, Holdings Channel reports. The firm bought 1,069,523 shares of the aerospace company’s stock, valued at approximately $77,754,000.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of AAR by 1.2% in 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 period. American Century Companies Inc. boosted its position in shares of AAR by 1,956.5% in the second quarter. American Century Companies Inc. now owns 909,953 shares of the aerospace company’s stock valued at $66,154,000 after acquiring an additional 865,705 shares during the period. Allspring Global Investments Holdings LLC grew its stake in AAR by 41.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 551,439 shares of the aerospace company’s stock valued at $40,090,000 after acquiring an additional 160,363 shares in the last quarter. Janus Henderson Group PLC increased its holdings in AAR by 13.8% during the 1st quarter. Janus Henderson Group PLC now owns 530,682 shares of the aerospace company’s stock worth $31,772,000 after acquiring an additional 64,274 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of AAR by 2.3% in the first quarter. Principal Financial Group Inc. now owns 505,352 shares of the aerospace company’s stock worth $30,255,000 after buying an additional 11,350 shares in the last quarter. 90.74% of the stock is currently owned by institutional investors.

AAR Price Performance

Shares of NYSE:AIR opened at $69.28 on Friday. 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 stock has a market cap of $2.45 billion, a PE ratio of 40.75 and a beta of 1.55. The company’s fifty day moving average is $65.15 and its 200 day moving average is $66.58. AAR Corp. has a 52 week low of $54.71 and a 52 week high of $76.34.

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

Analyst Ratings Changes

Several equities analysts recently commented on the company. Stifel Nicolaus reduced their target price on AAR from $86.00 to $85.00 and set a “buy” rating for the company in a research report 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 lifted their price target on AAR from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $83.50.

AAR 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.