AAR Corp. (NYSE:AIR) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC trimmed its holdings in AAR Corp. (NYSE:AIR - Free Report) by 90.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 584 shares of the aerospace company's stock after selling 5,671 shares during the quarter. Lazard Asset Management LLC's holdings in AAR were worth $35,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Sterling Capital Management LLC increased its stake in AAR by 761.2% in the 4th 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 period. Smartleaf Asset Management LLC increased its stake in AAR by 124.4% in the 4th 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 acquired a new position in AAR in the 4th quarter valued at $80,000. Venturi Wealth Management LLC increased its stake in AAR by 1,965.6% in the 4th 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 period. Finally, KBC Group NV increased its stake in AAR by 42.5% in the 4th quarter. KBC Group NV now owns 1,887 shares of the aerospace company's stock valued at $116,000 after buying an additional 563 shares during the period. 90.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on AIR shares. Truist Financial decreased their target price on shares of AAR from $81.00 to $78.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. KeyCorp decreased their target price on shares of AAR from $83.00 to $80.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Finally, Wall Street Zen upgraded shares of AAR from a "sell" rating to a "hold" rating in a research report on Saturday, April 19th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, AAR presently has a consensus rating of "Moderate Buy" and an average target price of $80.20.

AAR Price Performance

Shares of AAR stock traded down $0.71 on Friday, hitting $61.44. The company's stock had a trading volume of 250,564 shares, compared to its average volume of 275,856. 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. The firm has a fifty day moving average price of $56.85 and a 200-day moving average price of $62.96. The company has a market capitalization of $2.22 billion, a P/E ratio of 219.44 and a beta of 1.40.

AAR (NYSE:AIR - Get Free Report) last released its earnings results on Thursday, March 27th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.96 by $0.03. The company had revenue of $678.20 million for 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 quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. On average, equities research analysts expect that AAR Corp. will post 3.77 earnings per share for the current fiscal year.

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.