Inspire Investing LLC Has $2.16 Million Stake in AAR Corp. $AIR

Inspire Investing LLC raised its stake in shares of AAR Corp. (NYSE:AIR) by 250.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,763 shares of the aerospace company’s stock after buying an additional 14,124 shares during the quarter. Inspire Investing LLC’s holdings in AAR were worth $2,163,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of AIR. Pictet Asset Management Holding SA boosted its stake in AAR by 9.3% during the 1st quarter. Pictet Asset Management Holding SA now owns 6,937 shares of the aerospace company’s stock worth $759,000 after acquiring an additional 593 shares during the last quarter. Meyer Handelman Co. bought a new position in shares of AAR during the first quarter worth $219,000. Louisiana State Employees Retirement System bought a new position in shares of AAR during the first quarter worth $1,894,000. OP Asset Management Ltd acquired a new position in shares of AAR in the 1st quarter valued at $286,000. Finally, SG Americas Securities LLC grew its holdings in shares of AAR by 24.8% in the 1st quarter. SG Americas Securities LLC now owns 30,579 shares of the aerospace company’s stock valued at $3,347,000 after buying an additional 6,075 shares during the period. 90.74% of the stock is owned by institutional investors.

AAR Stock Up 0.9%

AIR stock opened at $143.09 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.70 and a quick ratio of 1.23. The stock has a market capitalization of $5.69 billion, a P/E ratio of 31.73 and a beta of 1.13. AAR Corp. has a fifty-two week low of $68.30 and a fifty-two week high of $143.46. The business has a 50-day moving average of $118.33 and a 200-day moving average of $109.70.

Analyst Ratings Changes

Several analysts recently commented on the company. Royal Bank Of Canada raised their price objective on AAR from $105.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 25th. Wall Street Zen downgraded AAR from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Zacks Research lowered AAR from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Jefferies Financial Group lifted their price objective on AAR to $150.00 and gave the company a “buy” rating in a report on Tuesday, March 24th. Finally, KeyCorp lowered AAR from an “overweight” rating to a “sector weight” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $131.20.

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.