Dimensional Fund Advisors LP decreased its position in AAR Corp. (NYSE:AIR - Free Report) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,534,152 shares of the aerospace company's stock after selling 150,878 shares during the quarter. Dimensional Fund Advisors LP owned about 7.05% of AAR worth $155,293,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in AIR. Invesco Ltd. grew its stake in shares of AAR by 13.5% in the fourth quarter. Invesco Ltd. now owns 1,070,618 shares of the aerospace company's stock valued at $65,607,000 after acquiring an additional 127,148 shares in the last quarter. Franklin Resources Inc. boosted its holdings in AAR by 13.4% in the 3rd quarter. Franklin Resources Inc. now owns 969,741 shares of the aerospace company's stock valued at $59,591,000 after purchasing an additional 114,460 shares during the period. Raymond James Financial Inc. acquired a new position in shares of AAR during the 4th quarter worth approximately $6,849,000. Norges Bank bought a new position in shares of AAR during the fourth quarter worth approximately $6,321,000. Finally, JPMorgan Chase & Co. raised its position in shares of AAR by 215.9% in the fourth quarter. JPMorgan Chase & Co. now owns 128,676 shares of the aerospace company's stock valued at $7,885,000 after buying an additional 87,939 shares in the last quarter. Institutional investors own 90.74% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have commented on the company. KeyCorp lowered their price objective 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 decreased their price target on AAR from $81.00 to $78.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Finally, StockNews.com raised shares of AAR from a "sell" rating to a "hold" rating in a research report on Saturday, April 19th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $80.20.
Check Out Our Latest Stock Report on AIR
AAR Price Performance
Shares of AAR stock traded down $0.43 during trading on Wednesday, reaching $53.45. 293,379 shares of the company's stock were exchanged, compared to its average volume of 275,114. 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 1-year low of $46.51 and a 1-year high of $76.34. The company has a market cap of $1.93 billion, a P/E ratio of 190.90 and a beta of 1.32. The firm's 50-day moving average price is $59.22 and its 200 day moving average price 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, topping analysts' consensus estimates of $0.96 by $0.03. The firm had revenue of $678.20 million during the quarter, compared to analysts' expectations of $699.13 million. AAR had a net margin of 0.41% and a return on equity of 10.46%. The business's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 earnings per share. As a group, research analysts anticipate that AAR Corp. will post 3.77 earnings per share for the current year.
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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