Louisiana State Employees Retirement System Has $1.11 Million Holdings in AAR Corp. (NYSE:AIR)

Louisiana State Employees Retirement System raised its position in AAR Corp. (NYSE:AIR) by 1.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,000 shares of the aerospace company’s stock after purchasing an additional 300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in AAR were worth $1,111,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its stake 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 buying an additional 402 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of AAR in the second quarter valued at about $33,000. Innealta Capital LLC bought a new stake in AAR during the second quarter worth about $49,000. Geneos Wealth Management Inc. acquired a new position in AAR during the first quarter valued at approximately $63,000. Finally, Harel Insurance Investments & Financial Services Ltd. grew its stake in AAR by 348.1% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,416 shares of the aerospace company’s stock valued at $103,000 after purchasing an additional 1,100 shares in the last quarter. 90.74% of the stock is currently owned by institutional investors.

AAR Price Performance

Shares of AIR stock opened at $58.40 on Friday. AAR Corp. has a twelve month low of $54.71 and a twelve month 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 business has a fifty day simple moving average of $64.07 and a 200 day simple moving average of $66.72. The company has a market cap of $2.10 billion, a P/E ratio of 32.09 and a beta of 1.55.

AAR (NYSE:AIR) last released its quarterly earnings results on Monday, September 23rd. The aerospace company reported $0.85 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $645.60 million. During the same period in the previous year, the business posted $0.78 earnings per share. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. On average, sell-side analysts forecast that AAR Corp. will post 3.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AIR shares. Benchmark reissued a “buy” rating and issued a $83.00 price objective on shares of AAR in a research report on Friday, October 4th. Stifel Nicolaus reduced their price target on AAR from $86.00 to $85.00 and set a “buy” rating for the company in a report on Friday, July 19th. StockNews.com upgraded AAR from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $85.00 target price on shares of AAR in a research note on Tuesday, September 24th. 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 stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.50.

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.