B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of AAR Corp. (NYSE:AIR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,000 shares of the aerospace company's stock, valued at approximately $1,286,000.
Other large investors have also made changes to their positions in the company. Virtus Advisers LLC purchased a new stake in AAR during the second quarter valued at about $1,386,000. Csenge Advisory Group acquired a new stake in AAR during the second quarter worth about $1,267,000. NewEdge Wealth LLC purchased a new position in shares of AAR in the 2nd quarter worth about $240,000. Great Lakes Advisors LLC purchased a new position in shares of AAR in the 2nd quarter worth about $4,544,000. Finally, Danske Bank A S acquired a new position in shares of AAR in the 2nd quarter valued at about $104,000. 90.74% of the stock is owned by hedge funds and other institutional investors.
AAR Stock Down 0.5%
Shares of AAR stock opened at $134.15 on Monday. The business has a 50-day moving average of $138.58 and a 200-day moving average of $121.96. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.84 and a quick ratio of 1.24. The company has a market capitalization of $5.35 billion, a PE ratio of 27.77 and a beta of 1.11. AAR Corp. has a 1-year low of $72.00 and a 1-year high of $154.00.
AAR (NYSE:AIR - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.38 by $0.15. AAR had a return on equity of 12.67% and a net margin of 5.67%.The business had revenue of $928.00 million for the quarter, compared to analysts' expectations of $893.03 million. During the same quarter in the previous year, the firm posted $1.16 earnings per share. The company's revenue was up 23.0% compared to the same quarter last year. As a group, equities analysts forecast that AAR Corp. will post 5.92 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research analysts have weighed in on the stock. Truist Financial lifted their price target on shares of AAR from $128.00 to $145.00 and gave the company a "buy" rating in a research report on Monday, July 27th. Wall Street Zen downgraded shares of AAR from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Jefferies Financial Group lifted their target price on shares of AAR from $150.00 to $155.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. KeyCorp reaffirmed a "sector weight" rating on shares of AAR in a research report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded AAR from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, AAR has a consensus rating of "Moderate Buy" and a consensus target price of $135.60.
Read Our Latest Analysis on AIR
AAR Profile
(
Free Report)
AAR Corp. NYSE: AIR is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.
In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.
Further Reading
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