Segall Bryant & Hamill LLC Has $15.62 Million Stock Position in AAR Corp. (NYSE:AIR)

Segall Bryant & Hamill LLC raised its stake in AAR Corp. (NYSE:AIR - Free Report) by 1.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 279,051 shares of the aerospace company's stock after acquiring an additional 4,847 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.77% of AAR worth $15,624,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AIR. Hughes Financial Services LLC bought a new position in shares of AAR in the 1st quarter valued at about $28,000. Putney Financial Group LLC bought a new position in shares of AAR in the 4th quarter valued at about $30,000. Virtus Fund Advisers LLC bought a new position in shares of AAR in the 4th quarter valued at about $36,000. Sterling Capital Management LLC boosted its stake in shares of AAR by 761.2% in the 4th quarter. Sterling Capital Management LLC now owns 887 shares of the aerospace company's stock valued at $54,000 after purchasing an additional 784 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of AAR by 88.5% in the 1st quarter. GAMMA Investing LLC now owns 1,131 shares of the aerospace company's stock valued at $63,000 after purchasing an additional 531 shares during the last quarter. Institutional investors and hedge funds own 90.74% of the company's stock.

AAR Trading Down 1.7%

AAR stock traded down $1.42 during midday trading on Friday, hitting $83.68. 914,795 shares of the stock were exchanged, compared to its average volume of 289,114. The company has a quick ratio of 1.39, a current ratio of 2.82 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $3.02 billion, a PE ratio of 253.58 and a beta of 1.44. The company has a fifty day simple moving average of $67.01 and a two-hundred day simple moving average of $63.95. AAR Corp. has a 52 week low of $46.51 and a 52 week high of $86.43.

AAR (NYSE:AIR - Get Free Report) last announced its earnings results on Wednesday, July 16th. The aerospace company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.00 by $0.16. The firm had revenue of $754.50 million for the quarter, compared to the consensus estimate of $695.81 million. AAR had a net margin of 0.45% and a return on equity of 11.71%. The business's quarterly revenue was up 15.0% on a year-over-year basis. During the same period last year, the company posted $0.88 EPS. Equities research analysts anticipate that AAR Corp. will post 3.77 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on AIR. Royal Bank Of Canada lifted their price objective on shares of AAR from $75.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday. Wall Street Zen raised shares of AAR from a "sell" rating to a "hold" rating in a research note on Saturday, April 19th. Truist Financial lifted their price objective on shares of AAR from $78.00 to $81.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, KeyCorp lifted their price objective on shares of AAR from $80.00 to $86.00 and gave the stock an "overweight" rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $84.00.

AAR Company Profile

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Parts Supply segment leases and sells aircraft components and replacement parts. The Repair & Engineering segment provides airframe maintenance services, such as airframe inspection, painting, line maintenance, airframe modification, structural repair, avionics service and installation, exterior and interior refurbishment, and engineering and support services; component repair services comprising maintenance, repair, and overhaul (MRO) services, engine and airframe accessories, and interior refurbishment; and landing gear overhaul services, including repair services on wheels and brakes.