Quest Partners LLC Has $639,000 Stock Position in AAR Corp. (NYSE:AIR)

Quest Partners LLC raised its holdings in AAR Corp. (NYSE:AIR) by 2,082.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,776 shares of the aerospace company’s stock after purchasing an additional 9,328 shares during the quarter. Quest Partners LLC’s holdings in AAR were worth $639,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AIR shares. Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price target on shares of AAR in a report on Monday, November 4th. StockNews.com raised AAR from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Finally, Benchmark reaffirmed a “buy” rating and issued a $83.00 price objective on shares of AAR in a research note on Friday, October 4th. One investment 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 currently has a consensus rating of “Moderate Buy” and an average price target of $81.00.

AAR Stock Up 1.8 %

Shares of AIR opened at $69.08 on Friday. The stock’s 50-day moving average price is $64.22 and its two-hundred day moving average price is $66.61. AAR Corp. has a 12 month low of $54.71 and a 12 month high of $76.34. The company has a market capitalization of $2.48 billion, a PE ratio of 37.96 and a beta of 1.57. The company has a current ratio of 3.06, a quick ratio of 1.45 and a debt-to-equity ratio of 0.81.

AAR (NYSE:AIR) last posted its quarterly earnings data on Monday, September 23rd. The aerospace company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $645.60 million. During the same period in the previous year, the firm earned $0.78 earnings per share. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. On average, analysts anticipate that AAR Corp. will post 3.63 EPS for the current 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.