KBC Group NV Buys 328 Shares of AAR Corp. (NYSE:AIR)

KBC Group NV grew its stake in AAR Corp. (NYSE:AIR) by 32.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,324 shares of the aerospace company’s stock after acquiring an additional 328 shares during the period. KBC Group NV’s holdings in AAR were worth $87,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. State Board of Administration of Florida Retirement System raised its position in AAR by 14.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,311 shares of the aerospace company’s stock worth $617,000 after purchasing an additional 1,460 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of AAR by 4.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 31,103 shares of the aerospace company’s stock valued at $1,862,000 after acquiring an additional 1,242 shares during the period. Lazard Asset Management LLC boosted its holdings in AAR by 28.0% in the first quarter. Lazard Asset Management LLC now owns 2,559 shares of the aerospace company’s stock valued at $152,000 after acquiring an additional 560 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in AAR by 6.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 19,805 shares of the aerospace company’s stock valued at $1,186,000 after acquiring an additional 1,249 shares during the last quarter. Finally, Kennedy Capital Management LLC increased its position in AAR by 205.0% in the first quarter. Kennedy Capital Management LLC now owns 79,393 shares of the aerospace company’s stock worth $4,753,000 after purchasing an additional 53,363 shares during the period. 90.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AIR has been the topic of several recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 target price on shares of AAR in a research note on Monday, November 4th. Benchmark reaffirmed a “buy” rating and issued a $83.00 price objective on shares of AAR in a research note on Friday, October 4th. Finally, StockNews.com upgraded shares of AAR from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $81.00.

AAR Stock Up 1.8 %

Shares of NYSE AIR opened at $69.08 on Friday. The firm has a 50 day moving average price of $64.22 and a 200 day moving average price of $66.61. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.45 and a current ratio of 3.06. The stock has a market cap of $2.48 billion, a P/E ratio of 37.62 and a beta of 1.57. AAR Corp. has a 52-week low of $54.71 and a 52-week high of $76.34.

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

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.