Emerald Mutual Fund Advisers Trust Has $17.81 Million Holdings in AAR Corp. (NYSE:AIR)

Emerald Mutual Fund Advisers Trust decreased its holdings in shares of AAR Corp. (NYSE:AIR - Free Report) by 22.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 290,573 shares of the aerospace company's stock after selling 83,439 shares during the quarter. Emerald Mutual Fund Advisers Trust owned 0.81% of AAR worth $17,806,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several brokerages have commented on AIR. KeyCorp cut their target price on AAR from $83.00 to $80.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Truist Financial reduced their target price on 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 research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $80.20.

AAR Trading Up 3.1 %

NYSE AIR traded up $1.70 during trading hours on Friday, hitting $56.80. 288,465 shares of the company's stock were exchanged, compared to its average volume of 274,928. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 202.86 and a beta of 1.40. The stock has a 50-day simple moving average of $58.95 and a 200 day simple moving average of $63.19. 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 Corp. has a 1-year low of $46.51 and a 1-year high of $76.34.

AAR (NYSE:AIR - Get Free Report) last released its quarterly earnings data on Thursday, March 27th. The aerospace company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.03. The company had revenue of $678.20 million during 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 revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 EPS. On average, equities analysts forecast that AAR Corp. will post 3.77 EPS 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.