Integrated Investment Consultants LLC Cuts Stock Holdings in AAR Corp. (NYSE:AIR)

Integrated Investment Consultants LLC reduced its position in AAR Corp. (NYSE:AIR) by 4.2% in the 3rd quarter, Holdings Channel reports. The firm owned 7,090 shares of the aerospace company’s stock after selling 309 shares during the quarter. Integrated Investment Consultants LLC’s holdings in AAR were worth $463,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. ProShare Advisors LLC lifted its position in AAR by 7.3% during the first quarter. ProShare Advisors LLC now owns 6,808 shares of the aerospace company’s stock worth $408,000 after buying an additional 461 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of AAR by 14.8% during the 1st 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 acquiring an additional 1,460 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of AAR by 4.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 31,103 shares of the aerospace company’s stock valued at $1,862,000 after acquiring an additional 1,242 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of AAR by 28.0% in the first 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 period. Finally, Price T Rowe Associates Inc. MD increased its position in AAR by 6.7% during the first 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 during the last quarter. 90.74% of the stock is currently owned by institutional investors and hedge funds.

AAR Trading Up 0.6 %

Shares of AIR stock opened at $67.94 on Friday. The company has a 50 day moving average price of $64.18 and a 200 day moving average price of $66.60. The stock has a market capitalization of $2.44 billion, a P/E ratio of 37.33 and a beta of 1.57. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.45 and a current ratio of 3.06. AAR Corp. has a fifty-two week low of $54.71 and a fifty-two week high of $76.34.

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. AAR had a return on equity of 10.22% and a net margin of 2.67%. The firm had revenue of $661.70 million during the quarter, compared to analyst estimates of $645.60 million. During the same period last year, the business posted $0.78 earnings per share. AAR’s revenue was up 20.4% compared to the same quarter last year. Equities research analysts predict that AAR Corp. will post 3.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AIR has been the subject of several analyst reports. Benchmark reissued a “buy” rating and issued a $83.00 price target on shares of AAR in a research note on Friday, October 4th. StockNews.com raised shares of AAR from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price target on shares of AAR in a research report on Monday, November 4th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, AAR currently has an average rating of “Moderate Buy” and an average 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.