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AAR Corp. (NYSE:AIR) Stake Trimmed by Principal Financial Group Inc.

AAR logo with Aerospace background

Principal Financial Group Inc. cut its stake in shares of AAR Corp. (NYSE:AIR - Free Report) by 1.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 483,951 shares of the aerospace company's stock after selling 5,494 shares during the quarter. Principal Financial Group Inc. owned about 1.34% of AAR worth $27,096,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AIR. Putney Financial Group LLC acquired a new stake in AAR during the 4th quarter worth approximately $30,000. Virtus Fund Advisers LLC purchased a new position in shares of AAR during the 4th quarter valued at approximately $36,000. Sterling Capital Management LLC lifted 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 worth $54,000 after purchasing an additional 784 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in AAR by 124.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the aerospace company's stock worth $62,000 after purchasing an additional 561 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in AAR by 88.5% during the first quarter. GAMMA Investing LLC now owns 1,131 shares of the aerospace company's stock worth $63,000 after purchasing an additional 531 shares during the last quarter. 90.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Truist Financial cut their target price on AAR from $81.00 to $78.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. 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. Finally, Wall Street Zen raised AAR from a "sell" rating to a "hold" rating in a report on Saturday, April 19th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $80.20.

Get Our Latest Analysis on AIR

AAR Stock Performance

Shares of AIR traded up $1.86 during trading hours on Wednesday, reaching $73.51. 416,155 shares of the company's stock traded hands, compared to its average volume of 277,045. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of -204.19 and a beta of 1.44. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.82 and a quick ratio of 1.39. AAR Corp. has a twelve month low of $46.51 and a twelve month high of $76.34. The business's fifty day simple moving average is $64.40 and its two-hundred day simple moving average is $63.24.

AAR Profile

(Free Report)

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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Institutional Ownership by Quarter for AAR (NYSE:AIR)

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