First National Bank of Omaha Invests $2.11 Million in AAR Corp. $AIR

Key Points

• First National Bank of Omaha acquired 14,791 shares of AAR Corp. in the second quarter, valued at approximately $2.11 million. Institutional investors collectively own 90.74% of the aerospace company.
• AAR reported quarterly revenue of $928 million, up 23% year over year, and earnings of $1.53 per share—beating analysts’ estimate of $1.38.
• Analyst sentiment remains positive overall, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $135.60, though shares recently opened at $139.29.

First National Bank of Omaha acquired a new stake in AAR Corp. (NYSE:AIR - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 14,791 shares of the aerospace company's stock, valued at approximately $2,114,000.

Other hedge funds also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. purchased a new stake in AAR in the 1st quarter worth approximately $25,000. Global Retirement Partners LLC bought a new position in AAR in the 2nd quarter valued at $39,000. Optiver Holding B.V. grew its position in shares of AAR by 218.6% during the 1st quarter. Optiver Holding B.V. now owns 274 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 188 shares in the last quarter. McMillan Office Inc. purchased a new position in shares of AAR during the 4th quarter valued at $25,000. Finally, Morse Asset Management Inc bought a new position in shares of AAR in the third quarter worth $27,000. Hedge funds and other institutional investors own 90.74% of the company's stock.

AAR Price Performance

AIR stock opened at $139.29 on Thursday. The firm has a 50 day simple moving average of $138.36 and a two-hundred day simple moving average of $121.58. The stock has a market cap of $5.56 billion, a PE ratio of 28.84 and a beta of 1.11. AAR Corp. has a one year low of $71.67 and a one year high of $154.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.84 and a quick ratio of 1.24.

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 for the quarter, beating 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 firm had revenue of $928.00 million for the quarter, compared to analysts' expectations of $893.03 million. During the same quarter last year, the company posted $1.16 EPS. The business's quarterly revenue was up 23.0% on a year-over-year basis. On average, analysts predict that AAR Corp. will post 5.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Weiss Ratings upgraded 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 report on Saturday, August 1st. Jefferies Financial Group upped 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. Zacks Research upgraded AAR from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 10th. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of AAR in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $135.60.

AAR Company 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.

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