AAR Corp. (NYSE:AIR) Shares Acquired by Invesco Ltd.

Invesco Ltd. raised its position in shares of AAR Corp. (NYSE:AIR - Free Report) by 13.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,070,618 shares of the aerospace company's stock after buying an additional 127,148 shares during the quarter. Invesco Ltd. owned about 2.98% of AAR worth $65,607,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. National Bank of Canada FI acquired a new position in AAR in the third quarter worth $25,000. Smartleaf Asset Management LLC grew its position in shares of AAR by 124.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the aerospace company's stock valued at $62,000 after buying an additional 561 shares during the last quarter. Venturi Wealth Management LLC raised its stake in AAR by 1,965.6% during the fourth quarter. Venturi Wealth Management LLC now owns 1,322 shares of the aerospace company's stock worth $81,000 after acquiring an additional 1,258 shares during the period. Toth Financial Advisory Corp boosted its stake in AAR by 133.3% in the fourth quarter. Toth Financial Advisory Corp now owns 1,400 shares of the aerospace company's stock valued at $86,000 after acquiring an additional 800 shares during the period. Finally, KBC Group NV grew its holdings in shares of AAR by 42.5% during the fourth quarter. KBC Group NV now owns 1,887 shares of the aerospace company's stock valued at $116,000 after purchasing an additional 563 shares during the last quarter. Institutional investors and hedge funds own 90.74% of the company's stock.

AAR Stock Performance

Shares of NYSE AIR traded up $0.06 during midday trading on Friday, reaching $52.82. 249,542 shares of the company traded hands, compared to its average volume of 279,169. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 188.66 and a beta of 1.32. The stock has a 50-day moving average price of $61.21 and a 200 day moving average price of $63.85. AAR Corp. has a 52 week low of $46.51 and a 52 week high of $76.34. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.68 and a quick ratio of 1.27.

AAR (NYSE:AIR - Get Free Report) last released its quarterly earnings results on Thursday, March 27th. The aerospace company reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.03. The company had revenue of $678.20 million for the quarter, compared to the consensus estimate of $699.13 million. AAR had a net margin of 0.41% and a return on equity of 10.46%. AAR's revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 EPS. Sell-side analysts anticipate that AAR Corp. will post 3.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Truist Financial lowered 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. StockNews.com upgraded shares of AAR from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, KeyCorp cut their price objective on shares of AAR from $83.00 to $80.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $80.20.

About AAR

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.