Algert Global LLC Purchases 13,966 Shares of AAR Corp. (NYSE:AIR)

Algert Global LLC boosted its position in AAR Corp. (NYSE:AIR - Free Report) by 29.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,376 shares of the aerospace company's stock after purchasing an additional 13,966 shares during the period. Algert Global LLC owned about 0.17% of AAR worth $3,761,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of 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 acquiring an additional 58,694 shares during the period. Invesco Ltd. lifted its position in AAR by 13.5% during the fourth 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 during the period. Franklin Resources Inc. grew its stake in shares of AAR by 13.4% during the 3rd quarter. Franklin Resources Inc. now owns 969,741 shares of the aerospace company's stock valued at $59,591,000 after buying an additional 114,460 shares during the period. American Century Companies Inc. grew its holdings in shares of AAR by 2.4% during the 4th quarter. American Century Companies Inc. now owns 893,822 shares of the aerospace company's stock worth $54,773,000 after purchasing an additional 20,794 shares during the period. Finally, Geode Capital Management LLC boosted its position in AAR by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 799,766 shares of the aerospace company's stock worth $49,020,000 after purchasing an additional 2,804 shares during the period. 90.74% of the stock is currently owned by hedge funds and other institutional investors.

AAR Stock Up 0.4 %

Shares of AIR stock traded up $0.25 during trading hours on Friday, hitting $59.82. 201,929 shares of the company were exchanged, compared to its average volume of 275,570. The business has a 50 day moving average of $58.46 and a two-hundred day moving average of $63.08. AAR Corp. has a 52 week low of $46.51 and a 52 week high of $76.34. The company has a market capitalization of $2.16 billion, a PE ratio of 213.65 and a beta of 1.40. 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 results on Thursday, March 27th. The aerospace company reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.96 by $0.03. The business had revenue of $678.20 million for the quarter, compared to analyst estimates of $699.13 million. AAR had a net margin of 0.41% and a return on equity of 10.46%. AAR's quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 EPS. Analysts anticipate that AAR Corp. will post 3.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on AIR shares. StockNews.com raised shares of AAR from a "sell" rating to a "hold" rating in a research report on Saturday, April 19th. Truist Financial decreased their price objective on AAR from $81.00 to $78.00 and set a "buy" rating for the company in a report on Friday, March 28th. Finally, KeyCorp lowered their price objective on shares of AAR from $83.00 to $80.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $80.20.

AAR Profile

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.