XTX Topco Ltd Makes New Investment in AAR Corp. (NYSE:AIR)

XTX Topco Ltd bought a new stake in AAR Corp. (NYSE:AIR) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 3,710 shares of the aerospace company’s stock, valued at approximately $242,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Amalgamated Bank raised its holdings in AAR by 1.7% in the third quarter. Amalgamated Bank now owns 10,319 shares of the aerospace company’s stock valued at $674,000 after acquiring an additional 177 shares in the last quarter. Captrust Financial Advisors increased its position in shares of AAR by 5.3% in the 3rd quarter. Captrust Financial Advisors now owns 3,537 shares of the aerospace company’s stock worth $231,000 after purchasing an additional 177 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of AAR by 6.1% in the 3rd quarter. HighTower Advisors LLC now owns 3,818 shares of the aerospace company’s stock valued at $249,000 after purchasing an additional 220 shares in the last quarter. Global Financial Private Client LLC lifted its position in shares of AAR by 4.0% during the second quarter. Global Financial Private Client LLC now owns 5,838 shares of the aerospace company’s stock worth $424,000 after purchasing an additional 225 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in AAR by 43.0% in the second quarter. EverSource Wealth Advisors LLC now owns 778 shares of the aerospace company’s stock worth $57,000 after purchasing an additional 234 shares in the last quarter. 90.74% of the stock is currently owned by hedge funds and other institutional investors.

AAR Trading Down 3.5 %

NYSE:AIR opened at $60.59 on Thursday. The firm has a market capitalization of $2.18 billion, a P/E ratio of 33.29 and a beta of 1.59. The business has a 50 day simple moving average of $64.66 and a 200 day simple moving average of $66.06. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.06 and a quick ratio of 1.45. AAR Corp. has a 12-month low of $54.71 and a 12-month high of $76.34.

AAR (NYSE:AIR) last announced its quarterly earnings results 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. The company had revenue of $661.70 million during the quarter, compared to the consensus estimate of $645.60 million. AAR had a net margin of 2.67% and a return on equity of 10.22%. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 earnings per share. Equities research analysts predict that AAR Corp. will post 3.63 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on AIR. Benchmark restated a “buy” rating and set a $83.00 price objective on shares of AAR in a research note on Friday, October 4th. StockNews.com raised shares of AAR from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $75.00 target price on shares of AAR in a 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 stock. Based on data from MarketBeat.com, AAR has an average rating of “Moderate Buy” and an average price target of $81.00.

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.