Barclays PLC Buys 32,187 Shares of AAR Corp. (NYSE:AIR)

Barclays PLC lifted its holdings in shares of AAR Corp. (NYSE:AIR - Free Report) by 48.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 98,410 shares of the aerospace company's stock after buying an additional 32,187 shares during the period. Barclays PLC owned about 0.27% of AAR worth $6,030,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Sterling Capital Management LLC boosted its position in AAR by 761.2% during the fourth quarter. Sterling Capital Management LLC now owns 887 shares of the aerospace company's stock valued at $54,000 after purchasing an additional 784 shares during the last quarter. Smartleaf Asset Management LLC raised its stake 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 worth $62,000 after purchasing an additional 561 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of AAR by 1,965.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,322 shares of the aerospace company's stock valued at $81,000 after buying an additional 1,258 shares during the last quarter. Toth Financial Advisory Corp boosted its holdings in shares of AAR by 133.3% in the 4th quarter. Toth Financial Advisory Corp now owns 1,400 shares of the aerospace company's stock valued at $86,000 after buying an additional 800 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of AAR by 42.5% in the fourth quarter. KBC Group NV now owns 1,887 shares of the aerospace company's stock valued at $116,000 after buying an additional 563 shares in the last quarter. Institutional investors own 90.74% of the company's stock.

Analysts Set New Price Targets

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

AAR Stock Performance

AIR traded up $1.14 on Thursday, reaching $54.60. The company had a trading volume of 28,812 shares, compared to its average volume of 274,149. The stock has a market cap of $1.97 billion, a P/E ratio of 195.17 and a beta of 1.32. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.27 and a current ratio of 2.68. AAR Corp. has a fifty-two week low of $46.51 and a fifty-two week high of $76.34. The company's fifty day moving average is $59.22 and its 200 day moving average is $63.25.

AAR (NYSE:AIR - Get Free Report) last posted its 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. The company had revenue of $678.20 million for the quarter, compared to the consensus estimate of $699.13 million. AAR had a return on equity of 10.46% and a net margin of 0.41%. The firm's revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 earnings per share. As a group, analysts predict that AAR Corp. will post 3.77 earnings per share for the current fiscal year.

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.