Two Sigma Advisers LP Boosts Position in AAR Corp. (NYSE:AIR)

Two Sigma Advisers LP lifted its stake in AAR Corp. (NYSE:AIR - Free Report) by 340.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,000 shares of the aerospace company's stock after purchasing an additional 51,000 shares during the quarter. Two Sigma Advisers LP owned about 0.18% of AAR worth $4,044,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Sterling Capital Management LLC raised its stake 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 buying an additional 784 shares during the last quarter. Smartleaf Asset Management LLC grew its stake 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 worth $62,000 after acquiring an additional 561 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of AAR during the fourth quarter valued at $80,000. Venturi Wealth Management LLC raised its position in shares of AAR by 1,965.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,322 shares of the aerospace company's stock worth $81,000 after purchasing an additional 1,258 shares during the last quarter. Finally, Toth Financial Advisory Corp raised its position in shares of AAR by 133.3% in the 4th quarter. Toth Financial Advisory Corp now owns 1,400 shares of the aerospace company's stock worth $86,000 after purchasing an additional 800 shares during the last quarter. 90.74% of the stock is owned by institutional investors.

AAR Stock Performance

NYSE:AIR traded down $0.90 during mid-day trading on Friday, reaching $61.25. The company's stock had a trading volume of 15,368 shares, compared to its average volume of 274,525. The company has a current ratio of 2.68, a quick ratio of 1.27 and a debt-to-equity ratio of 0.84. The stock has a market cap of $2.21 billion, a P/E ratio of 219.42 and a beta of 1.40. The firm's fifty day moving average price is $57.02 and its two-hundred day moving average price is $63.05. AAR Corp. has a 12-month low of $46.51 and a 12-month high of $76.34.

AAR (NYSE:AIR - Get Free Report) last announced its quarterly 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 analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 earnings per share. On average, equities analysts forecast that AAR Corp. will post 3.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on AIR shares. Wall Street Zen raised shares of AAR from a "sell" rating to a "hold" rating in a research report on Saturday, April 19th. KeyCorp dropped their target price on shares of AAR from $83.00 to $80.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Finally, Truist Financial reduced their price target 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. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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.