D. E. Shaw & Co. Inc. Has $1.83 Million Stock Position in AAR Corp. (NYSE:AIR)

D. E. Shaw & Co. Inc. cut its position in AAR Corp. (NYSE:AIR - Free Report) by 54.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,809 shares of the aerospace company's stock after selling 36,331 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.08% of AAR worth $1,827,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in AAR by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 3,840,885 shares of the aerospace company's stock valued at $235,369,000 after acquiring an additional 58,694 shares during the period. Invesco Ltd. lifted its position in shares of AAR by 13.5% during the 4th quarter. Invesco Ltd. now owns 1,070,618 shares of the aerospace company's stock worth $65,607,000 after purchasing an additional 127,148 shares during the last quarter. American Century Companies Inc. boosted its stake in AAR by 2.4% during the 4th quarter. American Century Companies Inc. now owns 893,822 shares of the aerospace company's stock valued at $54,773,000 after purchasing an additional 20,794 shares during the period. Geode Capital Management LLC grew its holdings in AAR by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 799,766 shares of the aerospace company's stock valued at $49,020,000 after buying an additional 2,804 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in AAR by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 538,125 shares of the aerospace company's stock worth $32,976,000 after buying an additional 19,863 shares during the period. Institutional investors own 90.74% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised AAR from a "sell" rating to a "hold" rating in a research report on Saturday, April 19th. 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 report on Friday, March 28th. Finally, KeyCorp decreased their price target 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. One investment 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 has a consensus rating of "Moderate Buy" and an average price target of $80.20.

AAR Stock Performance

Shares of NYSE:AIR traded up $1.97 during trading on Tuesday, hitting $61.73. 218,244 shares of the stock were exchanged, compared to its average volume of 275,088. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 220.47 and a beta of 1.40. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.27 and a current ratio of 2.68. AAR Corp. has a 1-year low of $46.51 and a 1-year high of $76.34. The company's fifty day simple moving average is $57.28 and its 200-day simple moving average is $63.08.

AAR (NYSE:AIR - Get Free Report) last posted 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 the consensus estimate of $699.13 million. AAR had a net margin of 0.41% and a return on equity of 10.46%. The business's revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.85 earnings per share. Sell-side analysts expect that AAR Corp. will post 3.77 EPS for the current fiscal 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.