Deutsche Bank AG bought 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 institutional investor bought 60,447 shares of the aerospace company's stock, valued at approximately $8,640,000. Deutsche Bank AG owned about 0.15% of AAR at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the business. Lido Advisors LLC boosted its stake in shares of AAR by 2.8% during the 4th quarter. Lido Advisors LLC now owns 3,618 shares of the aerospace company's stock worth $318,000 after acquiring an additional 98 shares during the last quarter. Smartleaf Asset Management LLC increased its position in AAR by 12.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,162 shares of the aerospace company's stock worth $97,000 after buying an additional 126 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of AAR by 1.7% in the first quarter. PNC Financial Services Group Inc. now owns 8,073 shares of the aerospace company's stock worth $884,000 after buying an additional 132 shares during the period. CWM LLC lifted its position in shares of 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 buying an additional 154 shares in the last quarter. Finally, Assetmark Inc. grew 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 valued at $176,000 after acquiring an additional 155 shares during the period. 90.74% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms recently issued reports on AIR. Jefferies Financial Group increased their target price on shares of AAR from $150.00 to $155.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. Zacks Research raised shares of AAR from a "hold" rating to a "strong-buy" rating in a report on Friday, July 10th. Wall Street Zen lowered shares of AAR from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. KeyCorp reissued a "sector weight" rating on shares of AAR in a research note on Wednesday, July 22nd. Finally, Weiss Ratings upgraded shares of AAR from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, July 23rd. One 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, the stock has an average rating of "Moderate Buy" and a consensus target price of $135.60.
View Our Latest Stock Report on AIR
AAR Price Performance
AAR stock opened at $134.15 on Monday. 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 firm has a 50-day moving average price of $138.58 and a 200-day moving average price of $121.96. The firm has a market capitalization of $5.35 billion, a PE ratio of 27.77 and a beta of 1.11.
AAR (NYSE:AIR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $1.53 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 the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.16 EPS. As a group, equities research analysts forecast that AAR Corp. will post 5.92 EPS for the current year.
AAR Company Profile
(
Free Report)
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.
See Also
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