Teamwork Financial Advisors LLC Invests $310,000 in AAR Corp. (NYSE:AIR)

Teamwork Financial Advisors LLC acquired a new position in shares of AAR Corp. (NYSE:AIR) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 4,750 shares of the aerospace company’s stock, valued at approximately $310,000.

Several other hedge funds have also recently modified their holdings of AIR. Global Financial Private Client LLC raised its position in shares of AAR by 4.0% in the 2nd quarter. Global Financial Private Client LLC now owns 5,838 shares of the aerospace company’s stock worth $424,000 after buying an additional 225 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of AAR by 43.0% during the second quarter. EverSource Wealth Advisors LLC now owns 778 shares of the aerospace company’s stock worth $57,000 after purchasing an additional 234 shares in the last quarter. Truist Financial Corp increased its position in shares of AAR by 3.4% during the second quarter. Truist Financial Corp now owns 9,040 shares of the aerospace company’s stock worth $657,000 after acquiring an additional 296 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of AAR by 1.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 16,700 shares of the aerospace company’s stock valued at $1,214,000 after purchasing an additional 300 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in AAR by 40.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,488 shares of the aerospace company’s stock valued at $108,000 after acquiring an additional 428 shares during the last quarter. 90.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $85.00 price objective on shares of AAR in a research note on Tuesday, September 24th. StockNews.com downgraded AAR from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. Benchmark restated a “buy” rating and set a $83.00 target price on shares of AAR in a report on Friday, October 4th. Finally, Stifel Nicolaus reduced their price target on shares of AAR from $86.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to MarketBeat, AAR has an average rating of “Moderate Buy” and a consensus target price of $83.50.

AAR Trading Down 0.7 %

Shares of AIR opened at $61.97 on Friday. AAR Corp. has a 1 year low of $54.71 and a 1 year high of $76.34. The stock has a market cap of $2.20 billion, a PE ratio of 36.45 and a beta of 1.55. The stock has a 50 day simple moving average of $64.44 and a 200-day simple moving average of $66.70. The company has a current ratio of 3.06, a quick ratio of 1.45 and a debt-to-equity ratio of 0.81.

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

AAR Company Profile

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.