Deutsche Bank AG Acquires 23,169 Shares of AAR Corp. (NYSE:AIR)

Deutsche Bank AG boosted its position in shares of AAR Corp. (NYSE:AIR - Free Report) by 58.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 62,788 shares of the aerospace company's stock after purchasing an additional 23,169 shares during the quarter. Deutsche Bank AG owned 0.17% of AAR worth $3,848,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Sterling Capital Management LLC grew its holdings 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 period. Smartleaf Asset Management LLC boosted its holdings in shares of AAR by 124.4% in the fourth 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 period. Canada Pension Plan Investment Board bought a new position in AAR in the fourth quarter valued at $80,000. Venturi Wealth Management LLC grew its position in AAR by 1,965.6% in the fourth quarter. Venturi Wealth Management LLC now owns 1,322 shares of the aerospace company's stock valued at $81,000 after purchasing an additional 1,258 shares in the last quarter. Finally, Toth Financial Advisory Corp grew its position 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 purchasing an additional 800 shares in the last quarter. Institutional investors and hedge funds own 90.74% of the company's stock.

AAR Stock Performance

AIR stock traded down $0.29 during trading hours on Friday, reaching $59.80. The stock had a trading volume of 120,977 shares, compared to its average volume of 275,316. The stock has a market capitalization of $2.16 billion, a PE ratio of 213.58 and a beta of 1.40. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.68 and a quick ratio of 1.27. The stock has a 50-day simple moving average of $57.58 and a 200 day simple moving average of $63.14. AAR Corp. has a fifty-two week low of $46.51 and a fifty-two week high of $76.34.

AAR (NYSE:AIR - Get Free Report) last posted its earnings results on Thursday, March 27th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.96 by $0.03. The company 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%. AAR's quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.85 EPS. Analysts predict that AAR Corp. will post 3.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on AIR shares. Truist Financial decreased their target price on shares of AAR from $81.00 to $78.00 and set a "buy" rating for the company in a research report on Friday, March 28th. 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. Finally, Wall Street Zen upgraded shares of AAR from a "sell" rating to a "hold" rating in a research note on Saturday, April 19th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, AAR currently has a consensus rating of "Moderate Buy" and a consensus price target of $80.20.

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.