Alyeska Investment Group L.P. Acquires 41,426 Shares of AAR Corp. (NYSE:AIR)

Alyeska Investment Group L.P. lifted its stake in shares of AAR Corp. (NYSE:AIR - Free Report) by 25.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 201,217 shares of the aerospace company's stock after purchasing an additional 41,426 shares during the quarter. Alyeska Investment Group L.P. owned about 0.56% of AAR worth $12,331,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Inspire Investing LLC boosted its position in shares of AAR by 3.3% during the 4th quarter. Inspire Investing LLC now owns 6,505 shares of the aerospace company's stock valued at $399,000 after purchasing an additional 205 shares in the last quarter. Arizona State Retirement System grew its position in AAR by 2.1% in the fourth quarter. Arizona State Retirement System now owns 10,420 shares of the aerospace company's stock worth $639,000 after buying an additional 219 shares during the last quarter. Sheets Smith Wealth Management increased its holdings in shares of AAR by 3.2% in the fourth quarter. Sheets Smith Wealth Management now owns 7,015 shares of the aerospace company's stock valued at $430,000 after buying an additional 220 shares in the last quarter. US Bancorp DE lifted its position in shares of AAR by 3.8% during the 4th quarter. US Bancorp DE now owns 6,118 shares of the aerospace company's stock valued at $375,000 after acquiring an additional 225 shares during the last quarter. Finally, Summit Investment Advisors Inc. lifted its holdings in shares of AAR by 6.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,655 shares of the aerospace company's stock valued at $224,000 after purchasing an additional 226 shares during the last quarter. Institutional investors and hedge funds own 90.74% of the company's stock.

AAR Stock Up 0.4 %

Shares of AAR stock traded up $0.25 on Friday, hitting $59.82. 201,929 shares of the company traded hands, compared to its average volume of 275,570. 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 Corp. has a 12-month low of $46.51 and a 12-month high of $76.34. The company has a 50-day moving average price of $58.46 and a 200 day moving average price of $63.08. The company has a market cap of $2.16 billion, a PE ratio of 213.65 and a beta of 1.40.

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 the consensus estimate of $0.96 by $0.03. AAR had a return on equity of 10.46% and a net margin of 0.41%. The business had revenue of $678.20 million during the quarter, compared to analysts' expectations of $699.13 million. During the same quarter in the previous year, the business posted $0.85 EPS. The firm's quarterly revenue was up 19.5% compared to the same quarter last year. Sell-side analysts predict that AAR Corp. will post 3.77 earnings per share for the current year.

Analysts Set New Price Targets

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

AAR Company 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.