HighTower Advisors LLC Purchases 220 Shares of AAR Corp. (NYSE:AIR)

HighTower Advisors LLC increased its position in AAR Corp. (NYSE:AIR) by 6.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,818 shares of the aerospace company’s stock after purchasing an additional 220 shares during the period. HighTower Advisors LLC’s holdings in AAR were worth $249,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quest Partners LLC purchased a new stake in shares of AAR in the 2nd quarter worth about $33,000. Innealta Capital LLC bought a new position in shares of AAR during the second quarter valued at approximately $49,000. EverSource Wealth Advisors LLC increased its stake in shares of AAR by 43.0% during the second quarter. EverSource Wealth Advisors LLC now owns 778 shares of the aerospace company’s stock valued at $57,000 after purchasing an additional 234 shares in the last quarter. KBC Group NV lifted its holdings in shares of AAR by 32.9% during the third quarter. KBC Group NV now owns 1,324 shares of the aerospace company’s stock valued at $87,000 after purchasing an additional 328 shares during the last quarter. Finally, L & S Advisors Inc purchased a new position in shares of AAR during the second quarter valued at approximately $218,000. Hedge funds and other institutional investors own 90.74% of the company’s stock.

AAR Trading Up 1.8 %

Shares of NYSE:AIR opened at $60.93 on Wednesday. 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 1 year low of $54.71 and a 1 year high of $76.34. The company has a market cap of $2.19 billion, a P/E ratio of 33.48 and a beta of 1.59. The stock’s fifty day moving average price is $64.61 and its 200-day moving average price is $65.77.

AAR (NYSE:AIR) last posted its 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. AAR had a net margin of 2.67% and a return on equity of 10.22%. The business had revenue of $661.70 million for the quarter, compared to analysts’ expectations of $645.60 million. During the same quarter in the prior year, the business earned $0.78 EPS. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. Sell-side analysts expect that AAR Corp. will post 3.63 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. StockNews.com raised AAR from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. Benchmark reissued a “buy” rating and set a $83.00 price objective on shares of AAR in a research report on Friday, October 4th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 target price on shares of AAR in a report on Monday, November 4th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, AAR currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.00.

AAR 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.