Csenge Advisory Group Takes Position in AAR Corp. $AIR

Key Points

• Csenge Advisory Group bought 8,862 shares of AAR Corp. in the second quarter, valued at approximately $1.27 million. Institutional investors collectively own 90.74% of the company.
• AAR reported strong quarterly results, with earnings of $1.53 per share and revenue of $928 million, exceeding analyst estimates; revenue rose 23% year over year.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and a $135.60 price target, while AAR shares recently traded at $139.29.

Csenge Advisory Group purchased a new stake in shares of AAR Corp. (NYSE:AIR - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 8,862 shares of the aerospace company's stock, valued at approximately $1,267,000.

A number of other hedge funds have also bought and sold shares of the business. Lido Advisors LLC boosted its position in AAR by 2.8% in the fourth quarter. Lido Advisors LLC now owns 3,618 shares of the aerospace company's stock worth $318,000 after purchasing an additional 98 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of AAR by 12.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,162 shares of the aerospace company's stock valued at $97,000 after purchasing an additional 126 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of 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 purchasing an additional 132 shares during the last quarter. CWM LLC raised its stake in shares of AAR by 19.3% during the 4th quarter. CWM LLC now owns 950 shares of the aerospace company's stock worth $79,000 after purchasing an additional 154 shares during the period. Finally, Assetmark Inc. raised its stake in shares of AAR by 10.7% during the 1st quarter. Assetmark Inc. now owns 1,606 shares of the aerospace company's stock worth $176,000 after purchasing an additional 155 shares during the period. 90.74% of the stock is currently owned by institutional investors.

AAR Stock Performance

NYSE AIR opened at $139.29 on Thursday. The firm has a market cap of $5.56 billion, a P/E ratio of 28.84 and a beta of 1.11. 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 $138.36 and its 200-day moving average is $121.58. AAR Corp. has a 12-month low of $71.67 and a 12-month high of $154.00.

AAR (NYSE:AIR - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.38 by $0.15. AAR had a net margin of 5.67% and a return on equity of 12.67%. The company had revenue of $928.00 million during the quarter, compared to the consensus estimate of $893.03 million. During the same period last year, the firm earned $1.16 EPS. AAR's revenue for the quarter was up 23.0% on a year-over-year basis. Sell-side analysts predict that AAR Corp. will post 5.92 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Jefferies Financial Group increased 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. Weiss Ratings raised shares of AAR from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, July 23rd. Truist Financial boosted their target price on shares of AAR from $128.00 to $145.00 and gave the company a "buy" rating in a research note on Monday, July 27th. KeyCorp reissued a "sector weight" rating on shares of AAR in a research report on Wednesday, July 22nd. Finally, Zacks Research upgraded shares of AAR from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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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