Segall Bryant & Hamill LLC Trims Stock Position in AAR Corp. $AIR

Segall Bryant & Hamill LLC cut its holdings in AAR Corp. (NYSE:AIR) by 31.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 152,449 shares of the aerospace company’s stock after selling 70,395 shares during the period. Segall Bryant & Hamill LLC’s holdings in AAR were worth $16,687,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. purchased a new position in AAR in the first quarter worth approximately $25,000. McMillan Office Inc. purchased a new stake in AAR in the fourth quarter valued at $25,000. Osterweis Capital Management Inc. purchased a new stake in AAR in the second quarter valued at $26,000. Morse Asset Management Inc acquired a new position in shares of AAR in the 3rd quarter valued at $27,000. Finally, NBC Securities Inc. acquired a new position in shares of AAR in the 4th quarter valued at $28,000. 90.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AIR has been the subject of a number of research analyst reports. Wall Street Zen cut AAR from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings upgraded shares of AAR from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. KeyCorp reaffirmed a “sector weight” rating on shares of AAR in a research report on Wednesday, July 22nd. Truist Financial increased their target price on shares of AAR from $128.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Finally, Jefferies Financial Group lifted their price target on shares of AAR from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $135.60.

AAR Stock Up 0.4%

NYSE:AIR opened at $140.00 on Friday. AAR Corp. has a 52 week low of $71.43 and a 52 week high of $146.75. The stock’s fifty day moving average is $130.00 and its two-hundred day moving average is $117.66. The stock has a market capitalization of $5.58 billion, a price-to-earnings ratio of 28.98 and a beta of 1.09. The company has a quick ratio of 1.24, a current ratio of 2.84 and a debt-to-equity ratio of 0.52.

AAR (NYSE:AIR) last issued its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.15. The business had revenue of $928.00 million during the quarter, compared to analysts’ expectations of $893.03 million. AAR had a return on equity of 12.67% and a net margin of 5.67%.The company’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 earnings per share. Research analysts anticipate that AAR Corp. will post 5.92 EPS for the current year.

AAR 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.