Sei Investments Co. Raises Stock Holdings in AAR Corp. (NYSE:AIR)

Sei Investments Co. lifted its stake in shares of AAR Corp. (NYSE:AIR) by 73.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 169,200 shares of the aerospace company’s stock after acquiring an additional 71,648 shares during the quarter. Sei Investments Co. owned approximately 0.48% of AAR worth $12,301,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of AAR in the fourth quarter worth $21,511,000. Wells Fargo & Company MN increased its stake in AAR by 2.3% in the 4th quarter. Wells Fargo & Company MN now owns 149,395 shares of the aerospace company’s stock worth $9,322,000 after buying an additional 3,308 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in AAR during the fourth quarter valued at about $468,000. Quadrature Capital Ltd lifted its position in shares of AAR by 77.3% in the fourth quarter. Quadrature Capital Ltd now owns 29,982 shares of the aerospace company’s stock valued at $1,870,000 after acquiring an additional 13,075 shares in the last quarter. Finally, Nebula Research & Development LLC bought a new position in shares of AAR in the fourth quarter worth about $709,000. 90.74% of the stock is owned by hedge funds and other institutional investors.

AAR Stock Performance

NYSE AIR opened at $64.68 on Friday. The stock has a market capitalization of $2.29 billion, a PE ratio of 38.05 and a beta of 1.55. AAR Corp. has a 1-year low of $54.71 and a 1-year high of $76.34. The business has a 50 day simple moving average of $64.47 and a two-hundred day simple moving average of $66.60. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.98 and a quick ratio of 1.41.

AAR (NYSE:AIR) last posted its earnings results on Monday, September 23rd. The aerospace company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. AAR had a net margin of 2.67% and a return on equity of 10.31%. The firm had revenue of $661.70 million during the quarter, compared to analyst estimates of $645.60 million. During the same period last year, the firm posted $0.78 earnings per share. AAR’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, research analysts predict that AAR Corp. will post 3.72 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. StockNews.com downgraded AAR from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. Stifel Nicolaus reduced their price objective on shares of AAR from $86.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, July 19th. Benchmark reissued a “buy” rating and issued a $83.00 target price on shares of AAR in a report on Tuesday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $85.00 target price on shares of AAR in a research note on Tuesday. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $83.50.

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.