Y Intercept Hong Kong Ltd Makes New Investment in AAR Corp. $AIR

Y Intercept Hong Kong Ltd bought a new stake in AAR Corp. (NYSE:AIR) during the first quarter, Holdings Channel.com reports. The firm bought 35,671 shares of the aerospace company’s stock, valued at approximately $3,905,000.

Other large investors have also modified their holdings of the company. McMillan Office Inc. acquired a new stake in shares of AAR during the 4th quarter worth about $25,000. Osterweis Capital Management Inc. purchased a new stake in AAR in the 2nd quarter valued at about $26,000. Morse Asset Management Inc acquired a new position in AAR in the third quarter valued at about $27,000. NBC Securities Inc. acquired a new position in AAR in the fourth quarter valued at about $28,000. Finally, Danske Bank A S purchased a new position in AAR during the fourth quarter worth about $28,000. Institutional investors and hedge funds own 90.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AIR. Jefferies Financial Group lifted their price target on shares of AAR to $150.00 and gave the company a “buy” rating in a research report on Tuesday, March 24th. Zacks Research lowered shares of AAR from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Wall Street Zen cut shares of AAR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. KeyCorp downgraded shares of AAR from an “overweight” rating to a “sector weight” rating in a report on Tuesday, June 30th. Finally, Weiss Ratings upgraded shares of AAR from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.20.

AAR Trading Down 5.2%

AIR traded down $7.43 during mid-day trading on Tuesday, hitting $136.18. 73,439 shares of the stock were exchanged, compared to its average volume of 481,027. The firm’s fifty day moving average is $120.43 and its two-hundred day moving average is $111.35. AAR Corp. has a 1-year low of $69.17 and a 1-year high of $146.75. The company has a market cap of $5.41 billion, a PE ratio of 30.19 and a beta of 1.09. The company has a current ratio of 2.70, a quick ratio of 1.23 and a debt-to-equity ratio of 0.54.

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.