Louisiana State Employees Retirement System Takes $1.89 Million Position in AAR Corp. $AIR

Louisiana State Employees Retirement System bought a new position in AAR Corp. (NYSE:AIR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 17,300 shares of the aerospace company’s stock, valued at approximately $1,894,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Lido Advisors LLC increased its stake in shares of AAR by 2.8% in the fourth quarter. Lido Advisors LLC now owns 3,618 shares of the aerospace company’s stock worth $318,000 after buying an additional 98 shares during the period. Smartleaf Asset Management LLC boosted its position in AAR by 12.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,162 shares of the aerospace company’s stock valued at $97,000 after buying an additional 126 shares during the period. CWM LLC boosted its position in AAR by 19.3% during the 4th quarter. CWM LLC now owns 950 shares of the aerospace company’s stock valued at $79,000 after buying an additional 154 shares during the period. Captrust Financial Advisors grew its holdings in AAR by 5.2% in the 4th quarter. Captrust Financial Advisors now owns 3,395 shares of the aerospace company’s stock worth $281,000 after acquiring an additional 168 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in AAR by 5.2% in the 4th quarter. Russell Investments Group Ltd. now owns 3,432 shares of the aerospace company’s stock worth $284,000 after acquiring an additional 171 shares during the last quarter. Institutional investors own 90.74% of the company’s stock.

Analyst Ratings Changes

AIR has been the subject of several recent analyst reports. Jefferies Financial Group upped their price objective on shares of AAR to $150.00 and gave the company a “buy” rating in a research note on Tuesday, March 24th. Weiss Ratings raised AAR from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, June 15th. Wall Street Zen downgraded AAR from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. KeyCorp lowered AAR from an “overweight” rating to a “sector weight” rating in a research report on Tuesday. Finally, Zacks Research cut AAR from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, AAR currently has an average rating of “Moderate Buy” and a consensus price target of $131.20.

AAR Price Performance

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. AAR Corp. has a 1 year low of $68.30 and a 1 year high of $143.46. The firm has a 50-day moving average of $118.33 and a 200 day moving average of $109.70. The company has a market cap of $5.69 billion, a P/E ratio of 31.73 and a beta of 1.13.

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.