Westwood Holdings Group Inc. lifted its position in AAR Corp. (NYSE:AIR - Free Report) by 8.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,441,154 shares of the aerospace company's stock after acquiring an additional 115,476 shares during the quarter. Westwood Holdings Group Inc. owned approximately 4.01% of AAR worth $88,314,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in AAR by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 3,840,885 shares of the aerospace company's stock worth $235,369,000 after buying an additional 58,694 shares in the last quarter. Invesco Ltd. lifted its position in AAR by 13.5% in the 4th quarter. Invesco Ltd. now owns 1,070,618 shares of the aerospace company's stock worth $65,607,000 after buying an additional 127,148 shares in the last quarter. American Century Companies Inc. lifted its position in AAR by 2.4% in the 4th quarter. American Century Companies Inc. now owns 893,822 shares of the aerospace company's stock worth $54,773,000 after buying an additional 20,794 shares in the last quarter. Geode Capital Management LLC lifted its position in AAR by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 799,766 shares of the aerospace company's stock worth $49,020,000 after buying an additional 2,804 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in AAR by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 538,125 shares of the aerospace company's stock worth $32,976,000 after buying an additional 19,863 shares in the last quarter. Hedge funds and other institutional investors own 90.74% of the company's stock.
AAR Stock Down 0.5%
Shares of AIR traded down $0.29 during mid-day trading on Friday, hitting $59.80. 120,977 shares of the company's stock were exchanged, compared to its average volume of 274,946. The firm has a fifty day moving average of $57.58 and a two-hundred day moving average of $63.15. AAR Corp. has a twelve month low of $46.51 and a twelve month high of $76.34. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 213.58 and a beta of 1.40. The company has a quick ratio of 1.27, a current ratio of 2.68 and a debt-to-equity ratio of 0.84.
AAR (NYSE:AIR - Get Free Report) last announced its quarterly earnings results on Thursday, March 27th. The aerospace company reported $0.99 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $699.13 million. During the same quarter in the prior year, the business posted $0.85 EPS. AAR's quarterly revenue was up 19.5% on a year-over-year basis. On average, sell-side analysts forecast that AAR Corp. will post 3.77 earnings per share for the current year.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. Wall Street Zen upgraded shares of AAR from a "sell" rating to a "hold" rating in a research report on Saturday, April 19th. Truist Financial cut their target price on shares of AAR from $81.00 to $78.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Finally, KeyCorp cut their target price on shares of AAR from $83.00 to $80.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, AAR presently has an average rating of "Moderate Buy" and a consensus price target of $80.20.
Get Our Latest Stock Analysis on AIR
About AAR
(
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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