Caxton Associates LLP Acquires 19,404 Shares of AAR Corp. $AIR

Caxton Associates LLP grew its holdings in AAR Corp. (NYSE:AIR) by 222.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 28,110 shares of the aerospace company’s stock after acquiring an additional 19,404 shares during the period. Caxton Associates LLP’s holdings in AAR were worth $3,077,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. acquired a new stake in AAR in the 1st quarter worth about $25,000. McMillan Office Inc. acquired a new position in shares of AAR during the 4th quarter worth approximately $25,000. Morse Asset Management Inc bought a new position in shares of AAR during the third quarter worth approximately $27,000. Danske Bank A S bought a new position in shares of AAR during the fourth quarter worth approximately $28,000. Finally, NBC Securities Inc. acquired a new stake in shares of AAR in the fourth quarter valued at approximately $28,000. 90.74% of the stock is currently owned by institutional investors.

AAR Trading Down 0.5%

NYSE:AIR opened at $128.86 on Friday. AAR Corp. has a 12 month low of $71.43 and a 12 month high of $146.75. The company has a current ratio of 2.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of 26.68 and a beta of 1.09. The firm has a fifty day simple moving average of $126.74 and a two-hundred day simple moving average of $116.05.

AAR (NYSE:AIR) last issued 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 firm had revenue of $928.00 million during the quarter, compared to analyst estimates of $893.03 million. During the same period in the previous year, the company posted $1.16 EPS. The company’s revenue for the quarter was up 23.0% on a year-over-year basis. Analysts expect that AAR Corp. will post 5.91 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Jefferies Financial Group boosted their price target on AAR from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Truist Financial raised AAR to a “strong-buy” rating in a research note on Friday, May 1st. KeyCorp reiterated a “sector weight” rating on shares of AAR in a research report on Wednesday. Wall Street Zen downgraded AAR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Finally, Zacks Research raised shares of AAR from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $132.20.

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.