AAR Corp. (NYSE:AIR) Shares Acquired by Marshall Wace LLP

Marshall Wace LLP increased its holdings in shares of AAR Corp. (NYSE:AIR) by 72.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,471 shares of the aerospace company’s stock after acquiring an additional 13,666 shares during the quarter. Marshall Wace LLP’s holdings in AAR were worth $2,361,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AIR. First Eagle Investment Management LLC boosted its holdings in shares of AAR by 4.3% during the 1st quarter. First Eagle Investment Management LLC now owns 197,805 shares of the aerospace company’s stock worth $11,843,000 after purchasing an additional 8,170 shares during the last quarter. Quadrature Capital Ltd increased its holdings in shares of AAR by 77.3% during the 4th quarter. Quadrature Capital Ltd now owns 29,982 shares of the aerospace company’s stock worth $1,870,000 after buying an additional 13,075 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in AAR in the first quarter valued at approximately $544,000. Blair William & Co. IL grew its position in AAR by 902.9% in the first quarter. Blair William & Co. IL now owns 57,679 shares of the aerospace company’s stock worth $3,453,000 after acquiring an additional 51,928 shares during the period. Finally, Janus Henderson Group PLC increased its stake in AAR by 13.8% during the first quarter. Janus Henderson Group PLC now owns 530,682 shares of the aerospace company’s stock worth $31,772,000 after acquiring an additional 64,274 shares during the last quarter. Hedge funds and other institutional investors own 90.74% of the company’s stock.

AAR Price Performance

Shares of AIR opened at $65.27 on Friday. The company has a quick ratio of 1.41, a current ratio of 2.98 and a debt-to-equity ratio of 0.83. AAR Corp. has a fifty-two week low of $54.71 and a fifty-two week high of $76.34. The company has a market cap of $2.31 billion, a P/E ratio of 38.39 and a beta of 1.55. The firm’s 50 day moving average price is $64.39 and its 200 day moving average price is $66.65.

AAR (NYSE:AIR) last released its earnings results on Monday, September 23rd. The aerospace company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. The firm had revenue of $661.70 million during the quarter, compared to analyst estimates of $645.60 million. AAR had a return on equity of 10.31% and a net margin of 2.67%. AAR’s revenue was up 20.4% compared to the same quarter last year. During the same period last year, the business posted $0.78 earnings per share. On average, research analysts forecast that AAR Corp. will post 3.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on AIR shares. Stifel Nicolaus lowered 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. Royal Bank of Canada reiterated an “outperform” rating and set a $85.00 price target on shares of AAR in a research report on Tuesday, September 24th. Benchmark restated a “buy” rating and issued a $83.00 price objective on shares of AAR in a report on Tuesday, September 24th. Finally, StockNews.com downgraded shares of AAR from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.