Inspire Investing LLC Has $412,000 Stake in AAR Corp. (NYSE:AIR)

Inspire Investing LLC grew its holdings in shares of AAR Corp. (NYSE:AIR) by 30.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,300 shares of the aerospace company’s stock after purchasing an additional 1,470 shares during the period. Inspire Investing LLC’s holdings in AAR were worth $412,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Westwood Holdings Group Inc. acquired a new position in AAR in the second quarter valued at about $77,754,000. American Century Companies Inc. lifted its holdings in shares of AAR by 1,956.5% during the 2nd quarter. American Century Companies Inc. now owns 909,953 shares of the aerospace company’s stock worth $66,154,000 after acquiring an additional 865,705 shares during the period. Boston Partners bought a new stake in shares of AAR during the 1st quarter worth approximately $25,794,000. Allspring Global Investments Holdings LLC boosted its position in shares of AAR by 889.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 391,076 shares of the aerospace company’s stock worth $23,414,000 after acquiring an additional 351,540 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in AAR by 83.6% in the second quarter. Thrivent Financial for Lutherans now owns 297,482 shares of the aerospace company’s stock valued at $21,627,000 after acquiring an additional 135,445 shares during the last quarter. 90.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Benchmark restated a “buy” rating and set a $83.00 target price on shares of AAR in a research note on Friday, October 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $85.00 price objective on shares of AAR in a research note on Tuesday, September 24th. StockNews.com downgraded AAR from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. Finally, Stifel Nicolaus reduced their price target 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. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $83.50.

AAR Trading Up 0.7 %

Shares of AIR stock opened at $62.40 on Friday. 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 has a market capitalization of $2.21 billion, a P/E ratio of 36.71 and a beta of 1.55. AAR Corp. has a twelve month low of $54.71 and a twelve month high of $76.34. The stock’s fifty day simple moving average is $64.39 and its 200 day simple moving average is $66.73.

AAR (NYSE:AIR) last released its quarterly earnings data on Monday, September 23rd. The aerospace company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.03. AAR had a return on equity of 10.22% and a net margin of 2.67%. The company had revenue of $661.70 million during the quarter, compared to the consensus estimate of $645.60 million. During the same quarter in the prior year, the firm posted $0.78 earnings per share. The firm’s revenue was up 20.4% compared to the same quarter last year. As a group, sell-side analysts predict that AAR Corp. will post 3.63 EPS for the current fiscal year.

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.