Algert Global LLC increased its stake in AAR Corp. (NYSE:AIR - Free Report) by 29.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,376 shares of the aerospace company's stock after buying an additional 13,966 shares during the period. Algert Global LLC owned 0.17% of AAR worth $3,761,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of AIR. Alyeska Investment Group L.P. boosted its stake in shares of AAR by 25.9% during the fourth quarter. Alyeska Investment Group L.P. now owns 201,217 shares of the aerospace company's stock valued at $12,331,000 after purchasing an additional 41,426 shares in the last quarter. Freestone Grove Partners LP bought a new stake in AAR during the 4th quarter valued at $348,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of AAR in the 4th quarter valued at $2,185,000. Voya Investment Management LLC raised its position in shares of AAR by 9.3% in the 4th quarter. Voya Investment Management LLC now owns 12,208 shares of the aerospace company's stock worth $748,000 after acquiring an additional 1,034 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in AAR by 12.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 24,110 shares of the aerospace company's stock valued at $1,478,000 after purchasing an additional 2,685 shares in the last quarter. 90.74% of the stock is owned by hedge funds and other institutional investors.
AAR Stock Performance
AAR stock traded up $0.84 during mid-day trading on Monday, hitting $60.66. The company had a trading volume of 26,059 shares, compared to its average volume of 274,590. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 216.44 and a beta of 1.40. AAR Corp. has a 12-month low of $46.51 and a 12-month high of $76.34. The company's fifty day moving average is $58.46 and its 200-day moving average is $63.09. The company has a current ratio of 2.68, a quick ratio of 1.27 and a debt-to-equity ratio of 0.84.
AAR (NYSE:AIR - Get Free Report) last announced its quarterly earnings data on Thursday, March 27th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.03. AAR had a net margin of 0.41% and a return on equity of 10.46%. The company had revenue of $678.20 million during the quarter, compared to analysts' expectations of $699.13 million. During the same quarter in the prior year, the company earned $0.85 EPS. AAR's revenue was up 19.5% compared to the same quarter last year. Equities research analysts predict that AAR Corp. will post 3.77 EPS for the current year.
Wall Street Analysts Forecast Growth
AIR has been the topic of several analyst reports. KeyCorp cut their price target on shares of AAR from $83.00 to $80.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Truist Financial reduced their price objective on AAR from $81.00 to $78.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Finally, StockNews.com upgraded shares of AAR from a "sell" rating to a "hold" rating in a report on Saturday, April 19th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, AAR presently has a consensus rating of "Moderate Buy" and a consensus price target of $80.20.
Get Our Latest Analysis on AAR
AAR Company Profile
(
Free Report)
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.
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