Stanley Laman Group Ltd. Has $5.14 Million Position in AAR Corp. (NYSE:AIR)

Stanley Laman Group Ltd. lessened its holdings in shares of AAR Corp. (NYSE:AIR) by 1.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 70,714 shares of the aerospace company’s stock after selling 836 shares during the period. Stanley Laman Group Ltd. owned 0.20% of AAR worth $5,141,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AIR. AlphaMark Advisors LLC acquired a new stake in shares of AAR in the second quarter valued at approximately $323,000. SG Americas Securities LLC increased its stake in shares of AAR by 101.0% in the 2nd quarter. SG Americas Securities LLC now owns 12,453 shares of the aerospace company’s stock valued at $905,000 after buying an additional 6,256 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of AAR by 283.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 544 shares of the aerospace company’s stock valued at $33,000 after buying an additional 402 shares during the period. Boston Partners acquired a new position in shares of AAR during the first quarter valued at $25,794,000. Finally, Janus Henderson Group PLC lifted its stake in shares of AAR by 13.8% during the first quarter. Janus Henderson Group PLC now owns 530,682 shares of the aerospace company’s stock valued at $31,772,000 after acquiring an additional 64,274 shares during the period. 90.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AIR. Royal Bank of Canada boosted their price objective on AAR from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. Stifel Nicolaus dropped their price target on shares of AAR from $86.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, July 19th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, AAR has an average rating of “Moderate Buy” and an average target price of $83.50.

AAR Trading Down 0.3 %

AIR traded down $0.18 during midday trading on Friday, reaching $63.13. 135,099 shares of the company were exchanged, compared to its average volume of 313,454. The stock has a market capitalization of $2.24 billion, a P/E ratio of 37.14 and a beta of 1.54. AAR Corp. has a one year low of $54.71 and a one year high of $76.34. The stock’s 50-day simple moving average is $67.63 and its 200 day simple moving average is $66.39. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.41 and a current ratio of 2.98.

AAR (NYSE:AIR) last announced its quarterly earnings results on Thursday, July 18th. The aerospace company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.02. AAR had a net margin of 2.00% and a return on equity of 10.16%. The business had revenue of $656.50 million for the quarter, compared to the consensus estimate of $660.05 million. During the same period last year, the company posted $0.83 EPS. AAR’s revenue for the quarter was up 18.7% on a year-over-year basis. As a group, analysts forecast that AAR Corp. will post 3.84 earnings per share for the current fiscal year.

AAR Company Profile

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. It operates through Aviation Services and Expeditionary Services segments. The Aviation Services segment engages in lease and sale of new, overhauled and repaired engine, and airframe parts and components, as well as aircrafts; and offers customized flight hour component inventory and repair, warranty claim management, and outsourcing programs for engine and airframe parts and components.