20,910 Shares in AAR Corp. $AIR Purchased by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company acquired 20,910 AAR shares valued at approximately $2.99 million, representing about 0.05% of the company. Institutional investors collectively own 90.74% of AAR.
• AAR reported quarterly EPS of $1.53, beating estimates of $1.38, while revenue rose 23% year over year to $928 million, exceeding expectations of $893.03 million.
• AAR has a “Moderate Buy” consensus rating, with one Strong Buy, four Buy, and two Hold ratings; analysts’ average price target is $135.60 compared with the stock’s reported $124.19 opening price.

The Manufacturers Life Insurance Company acquired a new position in shares of AAR Corp. (NYSE:AIR - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 20,910 shares of the aerospace company's stock, valued at approximately $2,989,000. The Manufacturers Life Insurance Company owned approximately 0.05% of AAR at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Lido Advisors LLC raised its position in shares of AAR by 2.8% in the fourth quarter. Lido Advisors LLC now owns 3,618 shares of the aerospace company's stock valued at $318,000 after buying an additional 98 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in AAR by 12.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,162 shares of the aerospace company's stock worth $97,000 after acquiring an additional 126 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in AAR by 1.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,073 shares of the aerospace company's stock valued at $884,000 after acquiring an additional 132 shares in the last quarter. CWM LLC grew its stake in AAR by 19.3% during the 4th quarter. CWM LLC now owns 950 shares of the aerospace company's stock valued at $79,000 after acquiring an additional 154 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in AAR by 10.7% in the 1st quarter. Assetmark Inc. now owns 1,606 shares of the aerospace company's stock valued at $176,000 after acquiring an additional 155 shares during the last quarter. Institutional investors and hedge funds own 90.74% of the company's stock.

AAR Price Performance

AAR stock opened at $124.19 on Wednesday. The firm has a market cap of $4.95 billion, a PE ratio of 25.71 and a beta of 1.11. AAR Corp. has a 52-week low of $73.05 and a 52-week high of $154.00. The company has a quick ratio of 1.24, a current ratio of 2.84 and a debt-to-equity ratio of 0.52. The company's 50 day moving average is $138.58 and its two-hundred day moving average is $123.04.

AAR (NYSE:AIR - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.15. The business had revenue of $928.00 million during the quarter, compared to analysts' expectations of $893.03 million. AAR had a return on equity of 12.67% and a net margin of 5.67%.The business's quarterly revenue was up 23.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 EPS. On average, research analysts expect that AAR Corp. will post 5.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AIR. Weiss Ratings upgraded AAR from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, July 23rd. KeyCorp reaffirmed a "sector weight" rating on shares of AAR in a research note on Wednesday, July 22nd. Zacks Research upgraded shares of AAR from a "hold" rating to a "strong-buy" rating in a report on Friday, July 10th. Wall Street Zen downgraded shares of AAR from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Finally, Jefferies Financial Group lifted their price target on shares of AAR from $150.00 to $155.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company 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.

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