AAR Corp. (NYSE:AIR) Shares Bought by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. lifted its position in AAR Corp. (NYSE:AIR - Free Report) by 8.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,441,154 shares of the aerospace company's stock after acquiring an additional 115,476 shares during the quarter. Westwood Holdings Group Inc. owned 4.01% of AAR worth $88,314,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Sterling Capital Management LLC lifted its stake in AAR by 761.2% in the fourth quarter. Sterling Capital Management LLC now owns 887 shares of the aerospace company's stock valued at $54,000 after buying an additional 784 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in 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 last quarter. Canada Pension Plan Investment Board bought a new stake in AAR in the fourth quarter valued at $80,000. Venturi Wealth Management LLC lifted its stake 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 buying an additional 1,258 shares during the last quarter. Finally, Toth Financial Advisory Corp lifted its stake 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 buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 90.74% of the company's stock.

AAR Price Performance

NYSE:AIR opened at $62.62 on Monday. The business's 50-day moving average price is $58.19 and its 200 day moving average price is $63.14. The firm has a market cap of $2.26 billion, a P/E ratio of 223.67 and a beta of 1.40. AAR Corp. has a 52-week low of $46.51 and a 52-week high of $76.34. The company has a quick ratio of 1.27, a current ratio of 2.68 and a debt-to-equity ratio of 0.84.

AAR (NYSE:AIR - Get Free Report) last issued its quarterly earnings results on Thursday, March 27th. The aerospace company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.96 by $0.03. The firm had revenue of $678.20 million for the quarter, compared to analysts' expectations of $699.13 million. AAR had a return on equity of 10.46% and a net margin of 0.41%. AAR's revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. As a group, sell-side analysts predict that AAR Corp. will post 3.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AIR. Truist Financial lowered their price target on AAR from $81.00 to $78.00 and set a "buy" rating on the stock in a report on Friday, March 28th. StockNews.com raised AAR from a "sell" rating to a "hold" rating in a report on Saturday, April 19th. Finally, KeyCorp lowered their price target on AAR from $83.00 to $80.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $80.20.

AAR Company 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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