Y Intercept Hong Kong Ltd Makes New $3.90 Million Investment in AAR Corp. $AIR

Y Intercept Hong Kong Ltd bought a new position in shares of AAR Corp. (NYSE:AIR) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 35,671 shares of the aerospace company’s stock, valued at approximately $3,905,000. Y Intercept Hong Kong Ltd owned approximately 0.09% of AAR as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AIR. Elevation Point Wealth Partners LLC purchased a new position in shares of AAR in the first quarter worth about $378,000. Strs Ohio grew its stake in AAR by 320.0% during the 1st quarter. Strs Ohio now owns 2,100 shares of the aerospace company’s stock valued at $230,000 after acquiring an additional 1,600 shares in the last quarter. McMillan Office Inc. raised its holdings in AAR by 66.7% in the 1st quarter. McMillan Office Inc. now owns 500 shares of the aerospace company’s stock valued at $55,000 after acquiring an additional 200 shares during the last quarter. Inspire Investing LLC raised its holdings in AAR by 250.5% in the 1st quarter. Inspire Investing LLC now owns 19,763 shares of the aerospace company’s stock valued at $2,163,000 after acquiring an additional 14,124 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in AAR by 9.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 6,937 shares of the aerospace company’s stock valued at $759,000 after acquiring an additional 593 shares during the last quarter. Hedge funds and other institutional investors own 90.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AIR shares. KeyCorp cut AAR from an “overweight” rating to a “sector weight” rating in a report on Tuesday, June 30th. Weiss Ratings raised AAR from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 15th. Zacks Research downgraded AAR from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Wall Street Zen lowered AAR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Finally, Royal Bank Of Canada upped their target price on AAR from $105.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $131.20.

AAR Trading Down 5.2%

AIR stock traded down $7.43 during trading on Tuesday, reaching $136.18. 73,439 shares of the stock were exchanged, compared to its average volume of 481,027. The company has a current ratio of 2.70, a quick ratio of 1.23 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $5.41 billion, a price-to-earnings ratio of 30.19 and a beta of 1.09. The business has a 50 day moving average price of $120.43 and a 200-day moving average price of $111.35. AAR Corp. has a 1 year low of $69.17 and a 1 year high of $146.75.

About AAR

AAR Corp. (NYSE: AIR) is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.

In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.