Natixis Advisors LLC Raises Stock Position in AAR Corp. (NYSE:AIR)

Natixis Advisors LLC grew its position in AAR Corp. (NYSE:AIR) by 96.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 28,236 shares of the aerospace company’s stock after purchasing an additional 13,861 shares during the period. Natixis Advisors LLC’s holdings in AAR were worth $1,846,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its holdings in 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 during the last quarter. Quest Partners LLC purchased a new stake in AAR in the second quarter valued at $33,000. Innealta Capital LLC acquired a new position in shares of AAR in the 2nd quarter valued at $49,000. KBC Group NV grew its holdings in shares of AAR by 32.9% during the 3rd quarter. KBC Group NV now owns 1,324 shares of the aerospace company’s stock worth $87,000 after purchasing an additional 328 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in shares of AAR by 348.1% during the 2nd 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 during the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.

AAR Price Performance

Shares of AIR opened at $70.82 on Tuesday. The company has a market cap of $2.54 billion, a P/E ratio of 38.91 and a beta of 1.57. AAR Corp. has a fifty-two week low of $54.71 and a fifty-two week high of $76.34. The company has a quick ratio of 1.45, a current ratio of 3.06 and a debt-to-equity ratio of 0.81. The firm’s 50 day moving average price is $64.25 and its 200 day moving average price is $66.53.

AAR (NYSE:AIR) last posted its quarterly earnings data on Monday, September 23rd. The aerospace company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. The business had revenue of $661.70 million for the quarter, compared to analyst estimates of $645.60 million. AAR had a return on equity of 10.22% and a net margin of 2.67%. The company’s revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 earnings per share. On average, research analysts forecast that AAR Corp. will post 3.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on AIR. StockNews.com raised shares of AAR from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Benchmark reaffirmed a “buy” rating and set a $83.00 price objective on shares of AAR in a research report on Friday, October 4th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $75.00 target price on shares of AAR in a research report on Monday, November 4th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.00.

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.