Wellington Management Group LLP Sells 151,160 Shares of AAR Corp. $AIR

Wellington Management Group LLP reduced its holdings in AAR Corp. (NYSE:AIR) by 28.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 377,784 shares of the aerospace company’s stock after selling 151,160 shares during the period. Wellington Management Group LLP owned approximately 0.95% of AAR worth $53,997,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in AIR. Lido Advisors LLC lifted its holdings in shares of AAR by 2.8% in the 4th quarter. Lido Advisors LLC now owns 3,618 shares of the aerospace company’s stock valued at $318,000 after acquiring an additional 98 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of AAR by 12.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,162 shares of the aerospace company’s stock valued at $97,000 after purchasing an additional 126 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of AAR by 1.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,073 shares of the aerospace company’s stock valued at $884,000 after purchasing an additional 132 shares during the last quarter. CWM LLC boosted its holdings in shares of AAR by 19.3% in the 4th quarter. CWM LLC now owns 950 shares of the aerospace company’s stock worth $79,000 after purchasing an additional 154 shares during the period. Finally, Assetmark Inc. increased its position in shares of AAR by 10.7% during the 1st quarter. Assetmark Inc. now owns 1,606 shares of the aerospace company’s stock valued at $176,000 after purchasing an additional 155 shares during the last quarter. 90.74% of the stock is currently owned by institutional investors.

AAR Stock Performance

Shares of AAR stock opened at $125.66 on Friday. The company has a quick ratio of 1.24, a current ratio of 2.84 and a debt-to-equity ratio of 0.52. The stock’s fifty day moving average is $138.14 and its two-hundred day moving average is $123.20. AAR Corp. has a 52 week low of $73.05 and a 52 week high of $154.00. The company has a market capitalization of $5.01 billion, a PE ratio of 26.02 and a beta of 1.11.

AAR (NYSE:AIR) last released its earnings results on Tuesday, July 21st. The aerospace company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.15. The business 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 business’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period last year, the company earned $1.16 earnings per share. As a group, analysts expect that AAR Corp. will post 5.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AIR shares. Zacks Research upgraded AAR from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. Wall Street Zen cut shares of AAR from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. 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 note on Wednesday, July 22nd. Finally, Jefferies Financial Group upped their price target on shares of AAR from $150.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.