AAR Corp. (NYSE:AIR) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG raised its holdings in shares of AAR Corp. (NYSE:AIR - Free Report) by 58.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,788 shares of the aerospace company's stock after acquiring an additional 23,169 shares during the period. Deutsche Bank AG owned approximately 0.17% of AAR worth $3,848,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Cetera Investment Advisers acquired a new stake in AAR during the 4th quarter valued at approximately $341,000. Bank of America Corp DE lifted its stake in AAR by 293.3% during the 4th quarter. Bank of America Corp DE now owns 171,203 shares of the aerospace company's stock valued at $10,491,000 after acquiring an additional 127,668 shares during the period. Algert Global LLC lifted its stake in AAR by 29.5% during the 4th quarter. Algert Global LLC now owns 61,376 shares of the aerospace company's stock valued at $3,761,000 after acquiring an additional 13,966 shares during the period. Alyeska Investment Group L.P. lifted its stake in AAR by 25.9% during the 4th quarter. Alyeska Investment Group L.P. now owns 201,217 shares of the aerospace company's stock valued at $12,331,000 after acquiring an additional 41,426 shares during the period. Finally, Freestone Grove Partners LP acquired a new stake in AAR during the 4th quarter valued at approximately $348,000. 90.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AIR has been the subject of several research reports. KeyCorp decreased their price objective 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 upgraded shares of AAR from a "sell" rating to a "hold" rating in a research note on Saturday, April 19th. Finally, 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 note on Friday, March 28th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $80.20.

AAR Stock Performance

AIR opened at $62.90 on Tuesday. The stock has a market cap of $2.27 billion, a P/E ratio of 224.65 and a beta of 1.40. The firm has a fifty day moving average price of $58.12 and a 200 day moving average price of $63.17. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.68 and a quick ratio of 1.27. 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 issued its quarterly earnings results on Thursday, March 27th. The aerospace company reported $0.99 EPS for the quarter, topping 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%. The firm's revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 EPS. Equities research analysts anticipate that AAR Corp. will post 3.77 earnings per share for the current 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.

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