B. Metzler seel. Sohn & Co. AG Buys Shares of 9,000 AAR Corp. $AIR

Key Points

• B. Metzler seel. Sohn & Co. AG initiated a position in AAR Corp. by purchasing 9,000 shares valued at approximately $1.29 million. Institutional investors and hedge funds collectively own 90.74% of the company.
• AAR reported quarterly EPS of $1.53, exceeding estimates of $1.38, while revenue rose 23% year over year to $928 million, above analyst expectations.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $135.60; Jefferies raised its target to $155 and maintained a “Buy” rating.

B. Metzler seel. Sohn & Co. AG bought a new position in shares of AAR Corp. (NYSE:AIR - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 9,000 shares of the aerospace company's stock, valued at approximately $1,286,000.

A number of other institutional investors have also made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in AAR by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,779 shares of the aerospace company's stock valued at $1,163,000 after acquiring an additional 904 shares during the period. Millennium Management LLC grew its holdings in shares of AAR by 35.8% in the first quarter. Millennium Management LLC now owns 134,966 shares of the aerospace company's stock valued at $7,557,000 after purchasing an additional 35,608 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in AAR by 4.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 97,384 shares of the aerospace company's stock worth $5,453,000 after buying an additional 4,288 shares during the period. State Street Corp increased its stake in AAR by 10.9% during the 2nd quarter. State Street Corp now owns 1,917,821 shares of the aerospace company's stock worth $131,927,000 after buying an additional 188,406 shares during the period. Finally, Sei Investments Co. lifted its holdings in AAR by 4.2% during the 2nd quarter. Sei Investments Co. now owns 265,375 shares of the aerospace company's stock worth $18,255,000 after buying an additional 10,725 shares in the last quarter. 90.74% of the stock is currently owned by institutional investors and hedge funds.

AAR Stock Up 0.1%

AIR opened at $126.69 on Monday. 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 firm has a market cap of $5.05 billion, a P/E ratio of 26.23 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 business's fifty day simple moving average is $137.82 and its 200 day simple moving average is $123.30.

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

Analysts Set New Price Targets

Several equities analysts have commented on the stock. KeyCorp reissued a "sector weight" rating on shares of AAR in a research report on Wednesday, July 22nd. Weiss Ratings raised AAR from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, July 23rd. Wall Street Zen cut AAR from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Zacks Research upgraded AAR from a "hold" rating to a "strong-buy" rating in a report on Friday, July 10th. Finally, Jefferies Financial Group boosted their target price on AAR from $150.00 to $155.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, AAR presently has a consensus rating of "Moderate Buy" and an average target price of $135.60.

AAR Profile

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.

Want to see what other hedge funds are holding AIR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AAR Corp. (NYSE:AIR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.