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

D. E. Shaw & Co. Inc. lowered its stake 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 institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have 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 worth $54,000 after purchasing an additional 784 shares in the last quarter. 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 worth $62,000 after purchasing an additional 561 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in AAR in the 4th quarter worth about $80,000. Venturi Wealth Management LLC boosted its position in AAR by 1,965.6% during the 4th quarter. Venturi Wealth Management LLC now owns 1,322 shares of the aerospace company's stock worth $81,000 after acquiring an additional 1,258 shares during the period. Finally, Toth Financial Advisory Corp boosted its position in AAR by 133.3% during the 4th quarter. Toth Financial Advisory Corp now owns 1,400 shares of the aerospace company's stock worth $86,000 after acquiring an additional 800 shares during the period. Hedge funds and other institutional investors own 90.74% of the company's stock.

AAR Stock Performance

Shares of NYSE AIR traded down $0.29 during trading hours on Friday, reaching $59.80. The stock had a trading volume of 120,977 shares, compared to its average volume of 275,316. The business's fifty day moving average is $57.58 and its two-hundred day moving average is $63.13. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.68 and a quick ratio of 1.27. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 213.58 and a beta of 1.40. AAR Corp. has a twelve month low of $46.51 and a twelve month high of $76.34.

AAR (NYSE:AIR - Get Free Report) last released its quarterly earnings data on Thursday, March 27th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 10.46% and a net margin of 0.41%. The business's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 earnings per share. As a group, research analysts expect that AAR Corp. will post 3.77 EPS for the current year.

Wall Street Analysts Forecast Growth

AIR has been the subject of a number of research reports. KeyCorp decreased their price objective on AAR from $83.00 to $80.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Truist Financial reduced their target price on AAR from $81.00 to $78.00 and set a "buy" rating for the company in a report on Friday, March 28th. Finally, Wall Street Zen upgraded AAR from a "sell" rating to a "hold" rating in a report on Saturday, April 19th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price 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.