Regal Partners Ltd Invests $504,000 in AAR Corp. $AIR

Regal Partners Ltd purchased a new position in AAR Corp. (NYSE:AIR) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,604 shares of the aerospace company’s stock, valued at approximately $504,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP lifted its stake in AAR by 144.3% during the third quarter. Wellington Management Group LLP now owns 1,486,775 shares of the aerospace company’s stock valued at $133,319,000 after buying an additional 878,188 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of AAR by 297.4% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 594,668 shares of the aerospace company’s stock worth $49,233,000 after acquiring an additional 445,026 shares in the last quarter. UBS Group AG raised its holdings in shares of AAR by 709.2% during the third quarter. UBS Group AG now owns 488,239 shares of the aerospace company’s stock valued at $43,780,000 after acquiring an additional 427,906 shares during the period. State Street Corp raised its holdings in shares of AAR by 17.1% during the fourth quarter. State Street Corp now owns 2,320,927 shares of the aerospace company’s stock valued at $192,150,000 after acquiring an additional 339,595 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of AAR by 36.9% in the 3rd quarter. Franklin Resources Inc. now owns 1,154,167 shares of the aerospace company’s stock valued at $107,752,000 after acquiring an additional 311,258 shares in the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.

AAR Trading Up 3.0%

AAR stock opened at $140.98 on Wednesday. The company’s fifty day simple moving average is $128.20 and its 200-day simple moving average is $116.92. The company has a quick ratio of 1.24, a current ratio of 2.84 and a debt-to-equity ratio of 0.52. AAR Corp. has a 12 month low of $71.43 and a 12 month high of $146.75. The stock has a market cap of $5.62 billion, a P/E ratio of 29.19 and a beta of 1.09.

AAR (NYSE:AIR) last posted its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.15. AAR had a net margin of 5.67% and a return on equity of 12.67%. The business had revenue of $928.00 million for the quarter, compared to the consensus estimate of $893.03 million. During the same period in the prior year, the business posted $1.16 earnings per share. AAR’s revenue for the quarter was up 23.0% compared to the same quarter last year. As a group, sell-side analysts forecast that AAR Corp. will post 5.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Jefferies Financial Group raised their price objective on shares of AAR from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Wall Street Zen downgraded shares of AAR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Truist Financial increased their target price on AAR from $128.00 to $145.00 and gave the company a “buy” rating in a report on Monday. KeyCorp reaffirmed a “sector weight” rating on shares of AAR in a research report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded AAR from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, AAR currently has a consensus rating of “Moderate Buy” and an average target price of $135.60.

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.