Emerald Mutual Fund Advisers Trust Acquires 56,578 Shares of AAR Corp. (NYSE:AIR)

Emerald Mutual Fund Advisers Trust increased its holdings in AAR Corp. (NYSE:AIR) by 16.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 396,566 shares of the aerospace company’s stock after acquiring an additional 56,578 shares during the quarter. AAR comprises about 1.5% of Emerald Mutual Fund Advisers Trust’s investment portfolio, making the stock its 15th biggest holding. Emerald Mutual Fund Advisers Trust owned about 1.11% of AAR worth $28,830,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. First Eagle Investment Management LLC lifted its holdings in shares of AAR by 4.3% during the first quarter. First Eagle Investment Management LLC now owns 197,805 shares of the aerospace company’s stock valued at $11,843,000 after purchasing an additional 8,170 shares during the last quarter. Quadrature Capital Ltd boosted its holdings in AAR by 77.3% in the fourth quarter. Quadrature Capital Ltd now owns 29,982 shares of the aerospace company’s stock worth $1,870,000 after acquiring an additional 13,075 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in AAR in the first quarter worth $544,000. Charles Schwab Investment Management Inc. grew its position in AAR by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 531,786 shares of the aerospace company’s stock valued at $33,183,000 after purchasing an additional 17,465 shares during the last quarter. Finally, Blair William & Co. IL grew its holdings in shares of AAR by 902.9% during the first quarter. Blair William & Co. IL now owns 57,679 shares of the aerospace company’s stock valued at $3,453,000 after buying an additional 51,928 shares during the last quarter. 90.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AIR shares. Stifel Nicolaus lowered their price objective on AAR from $86.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, July 19th. Royal Bank of Canada upped their price target on AAR from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, July 19th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $83.50.

AAR Trading Down 3.2 %

Shares of AIR stock opened at $63.92 on Friday. The stock has a market capitalization of $2.26 billion, a P/E ratio of 37.60 and a beta of 1.55. The company has a current ratio of 2.98, a quick ratio of 1.41 and a debt-to-equity ratio of 0.83. The firm’s 50 day moving average is $66.19 and its 200 day moving average is $66.52. AAR Corp. has a 12-month low of $54.71 and a 12-month high of $76.34.

AAR (NYSE:AIR) last issued its quarterly earnings data on Thursday, July 18th. The aerospace company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.86 by $0.02. AAR had a return on equity of 10.16% and a net margin of 2.00%. The company had revenue of $656.50 million during the quarter, compared to analyst estimates of $660.05 million. During the same quarter in the previous year, the company posted $0.83 earnings per share. AAR’s revenue was up 18.7% compared to the same quarter last year. Research analysts expect that AAR Corp. will post 3.84 earnings per share for the current year.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. It operates through Aviation Services and Expeditionary Services segments. The Aviation Services segment engages in lease and sale of new, overhauled and repaired engine, and airframe parts and components, as well as aircrafts; and offers customized flight hour component inventory and repair, warranty claim management, and outsourcing programs for engine and airframe parts and components.