De Lisle Partners LLP Takes Position in AAR Corp. $AIR

Key Points

• De Lisle Partners LLP acquired 72,615 shares of AAR Corp. during the second quarter, valued at approximately $10.4 million and representing 0.18% of the company.
• Institutional investors own 90.74% of AAR’s outstanding stock, with firms including BlackRock, Wellington Management, UBS, and State Street increasing or initiating positions.
• AAR reported quarterly EPS of $1.53, beating estimates by $0.15, while revenue rose 23% year over year to $928 million. Analysts maintain a “Moderate Buy” consensus with an average price target of $135.60.

De Lisle Partners LLP bought a new position in shares of AAR Corp. (NYSE:AIR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 72,615 shares of the aerospace company's stock, valued at approximately $10,388,000. AAR makes up about 1.1% of De Lisle Partners LLP's investment portfolio, making the stock its 23rd biggest position. De Lisle Partners LLP owned 0.18% of AAR as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new position in AAR in the second quarter valued at about $925,068,000. Wellington Management Group LLP grew 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 worth $133,319,000 after buying an additional 878,188 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in AAR by 297.4% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 594,668 shares of the aerospace company's stock valued at $49,233,000 after buying an additional 445,026 shares during the period. UBS Group AG increased its holdings in AAR by 709.2% in the 3rd quarter. UBS Group AG now owns 488,239 shares of the aerospace company's stock valued at $43,780,000 after buying an additional 427,906 shares during the period. Finally, State Street Corp raised its position in shares of AAR by 17.1% in the 4th quarter. State Street Corp now owns 2,320,927 shares of the aerospace company's stock valued at $192,150,000 after buying an additional 339,595 shares in the last quarter. Institutional investors own 90.74% of the company's stock.

Analysts Set New Price Targets

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

AAR Stock Up 1.3%

AIR stock opened at $134.15 on Friday. The firm has a 50-day moving average price of $138.58 and a 200-day moving average price of $121.86. AAR Corp. has a 12 month low of $72.00 and a 12 month high of $154.00. The company has a current ratio of 2.84, a quick ratio of 1.24 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $5.35 billion, a P/E ratio of 27.77 and a beta of 1.11.

AAR (NYSE:AIR - Get Free Report) last announced its quarterly earnings results 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 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 firm's revenue was up 23.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.16 EPS. As a group, equities research analysts anticipate that AAR Corp. will post 5.92 EPS for the current fiscal year.

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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