Janus Henderson Group PLC Sells 11,043 Shares of AAR Corp. $AIR

Janus Henderson Group PLC decreased its holdings in shares of AAR Corp. (NYSE:AIR) by 5.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 176,327 shares of the aerospace company’s stock after selling 11,043 shares during the quarter. Janus Henderson Group PLC’s holdings in AAR were worth $19,300,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of AIR. Vanguard Group Inc. raised its holdings in AAR by 7.5% during the fourth quarter. Vanguard Group Inc. now owns 4,061,230 shares of the aerospace company’s stock valued at $336,229,000 after buying an additional 281,871 shares in the last quarter. First Eagle Investment Management LLC lifted its position in shares of AAR by 22.5% in the fourth quarter. First Eagle Investment Management LLC now owns 61,619 shares of the aerospace company’s stock worth $5,101,000 after buying an additional 11,300 shares during the last quarter. Artemis Investment Management LLP bought a new stake in shares of AAR during the 4th quarter worth about $1,230,000. First Trust Advisors LP boosted its stake in shares of AAR by 20.4% during the 1st quarter. First Trust Advisors LP now owns 90,749 shares of the aerospace company’s stock worth $9,933,000 after acquiring an additional 15,345 shares in the last quarter. Finally, Wealth Enhancement Trust Services Inc. acquired a new position in shares of AAR during the 4th quarter valued at about $1,416,000. Institutional investors and hedge funds own 90.74% of the company’s stock.

AAR Price Performance

NYSE AIR opened at $143.22 on Tuesday. AAR Corp. has a twelve month low of $71.43 and a twelve month high of $146.75. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.24 and a current ratio of 2.84. The stock has a market capitalization of $5.71 billion, a PE ratio of 29.65 and a beta of 1.11. The stock has a 50-day simple moving average of $130.69 and a 200 day simple moving average of $118.12.

AAR (NYSE:AIR) last announced its earnings results 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. The firm had revenue of $928.00 million during the quarter, compared to the consensus estimate of $893.03 million. AAR had a return on equity of 12.67% and a net margin of 5.67%.The firm’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.16 EPS. Research analysts anticipate that AAR Corp. will post 5.92 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AIR shares. Wall Street Zen downgraded AAR from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings upgraded AAR from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. KeyCorp reiterated a “sector weight” rating on shares of AAR in a report on Wednesday, July 22nd. Zacks Research raised shares of AAR from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 10th. Finally, Jefferies Financial Group boosted their price objective on shares of AAR from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. One 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. Based on data from MarketBeat.com, the stock 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.