72,615 Shares in AAR Corp. $AIR Bought by De Lisle Partners LLP

De Lisle Partners LLP bought a new position in AAR Corp. (NYSE:AIR) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 72,615 shares of the aerospace company’s stock, valued at approximately $10,388,000. AAR makes up about 1.1% of De Lisle Partners LLP’s investment portfolio, making the stock its 23rd largest holding.

Several other large investors have also recently bought and sold shares of AIR. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of AAR during the first quarter valued at about $25,000. McMillan Office Inc. bought a new stake in shares of AAR during the fourth quarter worth about $25,000. Osterweis Capital Management Inc. acquired a new position in shares of AAR in the second quarter valued at approximately $26,000. Morse Asset Management Inc acquired a new position in shares of AAR in the third quarter valued at approximately $27,000. Finally, NBC Securities Inc. acquired a new position in shares of AAR in the fourth quarter valued at approximately $28,000. 90.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on AIR. Wall Street Zen downgraded shares of AAR from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. 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 research report on Tuesday, July 14th. Zacks Research raised shares of AAR from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. Truist Financial lifted their price target on shares of AAR from $128.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Finally, KeyCorp reiterated a “sector weight” rating on shares of AAR in a report on Wednesday, July 22nd. One 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 company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $135.60.

AAR Trading Up 1.3%

Shares of AIR stock opened at $134.15 on Friday. AAR Corp. has a 1-year low of $72.00 and a 1-year high of $154.00. The company has a current ratio of 2.84, a quick ratio of 1.24 and a debt-to-equity ratio of 0.52. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 27.77 and a beta of 1.11. The stock has a 50-day moving average of $138.58 and a 200-day moving average of $121.86.

AAR (NYSE:AIR) last posted its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.15. AAR had a return on equity of 12.67% and a net margin of 5.67%.The company had revenue of $928.00 million for the quarter, compared to analyst estimates of $893.03 million. During the same period in the previous year, the firm earned $1.16 earnings per share. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. On average, equities research analysts forecast that AAR Corp. will post 5.92 earnings per share 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.