Prospera Private Wealth LLC Invests $513,000 in AAR Corp. (NYSE:AIR)

Prospera Private Wealth LLC purchased a new position in shares of AAR Corp. (NYSE:AIR) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 7,850 shares of the aerospace company’s stock, valued at approximately $513,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its holdings in shares of AAR by 283.1% in the first quarter. EverSource Wealth Advisors LLC now owns 544 shares of the aerospace company’s stock valued at $33,000 after buying an additional 402 shares during the last quarter. Quest Partners LLC acquired a new position in shares of AAR in the 2nd quarter valued at approximately $33,000. Innealta Capital LLC acquired a new position in shares of AAR in the 2nd quarter valued at approximately $49,000. KBC Group NV grew its position in shares of AAR by 32.9% in the 3rd quarter. KBC Group NV now owns 1,324 shares of the aerospace company’s stock valued at $87,000 after purchasing an additional 328 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its stake in AAR by 348.1% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,416 shares of the aerospace company’s stock valued at $103,000 after acquiring an additional 1,100 shares in the last quarter. 90.74% of the stock is owned by institutional investors.

AAR Trading Up 0.2 %

Shares of AAR stock opened at $67.49 on Thursday. AAR Corp. has a 12-month low of $54.71 and a 12-month high of $76.34. The business’s 50 day moving average is $64.18 and its 200-day moving average is $66.60. The company has a quick ratio of 1.45, a current ratio of 3.06 and a debt-to-equity ratio of 0.81. The stock has a market cap of $2.42 billion, a P/E ratio of 37.08 and a beta of 1.57.

AAR (NYSE:AIR) last posted its quarterly earnings results on Monday, September 23rd. The aerospace company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. AAR had a return on equity of 10.22% and a net margin of 2.67%. The business had revenue of $661.70 million for the quarter, compared to analysts’ expectations of $645.60 million. During the same quarter in the prior year, the business earned $0.78 EPS. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. Equities research analysts predict that AAR Corp. will post 3.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Royal Bank of Canada restated an “outperform” rating and issued a $75.00 target price on shares of AAR in a research note on Monday, November 4th. Benchmark reiterated a “buy” rating and set a $83.00 price objective on shares of AAR in a research note on Friday, October 4th. Finally, StockNews.com upgraded AAR from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $81.00.

About AAR

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.