AAR Corp. (NYSE:AIR) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC cut its position in AAR Corp. (NYSE:AIR) by 25.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 284,396 shares of the aerospace company’s stock after selling 98,191 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in AAR were worth $18,588,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its holdings in AAR by 13.8% during the 1st 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 in the last quarter. Kennedy Capital Management LLC grew its stake in AAR by 205.0% during the 1st quarter. Kennedy Capital Management LLC now owns 79,393 shares of the aerospace company’s stock worth $4,753,000 after buying an additional 53,363 shares during the last quarter. Principal Financial Group Inc. grew its position in AAR by 18.5% in the 3rd quarter. Principal Financial Group Inc. now owns 500,200 shares of the aerospace company’s stock worth $32,693,000 after purchasing an additional 77,974 shares during the last quarter. Boston Partners acquired a new stake in shares of AAR in the first quarter valued at approximately $25,794,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of AAR by 41.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 551,439 shares of the aerospace company’s stock valued at $40,090,000 after buying an additional 160,363 shares during the last quarter. 90.74% of the stock is owned by hedge funds and other institutional investors.

AAR Stock Performance

AIR opened at $67.49 on Thursday. The business has a 50 day moving average price of $64.18 and a two-hundred day moving average price of $66.60. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.06 and a quick ratio of 1.45. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 37.08 and a beta of 1.57. AAR Corp. has a 1-year low of $54.71 and a 1-year high of $76.34.

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

Analysts Set New Price Targets

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