Charles Schwab Investment Management Inc. Sells 8,035 Shares of AAR Corp. (NYSE:AIR)

Charles Schwab Investment Management Inc. reduced its stake in AAR Corp. (NYSE:AIR) by 1.5% during the 3rd quarter, Holdings Channel reports. The fund owned 518,262 shares of the aerospace company’s stock after selling 8,035 shares during the period. Charles Schwab Investment Management Inc.’s holdings in AAR were worth $33,874,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Quest Partners LLC bought a new position in AAR in the 2nd quarter valued at about $33,000. EverSource Wealth Advisors LLC raised its holdings in AAR by 283.1% in the 1st 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 period. Innealta Capital LLC bought a new position in AAR in the 2nd quarter valued at about $49,000. KBC Group NV raised its holdings in AAR by 32.9% in the 3rd quarter. KBC Group NV now owns 1,324 shares of the aerospace company’s stock valued at $87,000 after acquiring an additional 328 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. raised its holdings in AAR by 348.1% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,416 shares of the aerospace company’s stock valued at $103,000 after acquiring an additional 1,100 shares during the period. 90.74% of the stock is owned by institutional investors.

AAR Stock Performance

NYSE AIR opened at $68.40 on Wednesday. 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 firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 37.58 and a beta of 1.59. The firm’s 50 day simple moving average is $64.40 and its 200 day simple moving average is $66.40. AAR Corp. has a 1 year low of $54.71 and a 1 year high of $76.34.

AAR (NYSE:AIR) last posted its quarterly earnings results 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. The business had revenue of $661.70 million for the quarter, compared to analyst estimates of $645.60 million. AAR had a net margin of 2.67% and a return on equity of 10.22%. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter last year, the business posted $0.78 EPS. As a group, research analysts expect that AAR Corp. will post 3.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.