Bank of America Corp DE boosted its holdings in shares of AAR Corp. (NYSE:AIR - Free Report) by 293.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 171,203 shares of the aerospace company's stock after purchasing an additional 127,668 shares during the period. Bank of America Corp DE owned about 0.48% of AAR worth $10,491,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of AIR. Sterling Capital Management LLC increased its holdings in shares of 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 buying an additional 784 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in AAR by 124.4% in the fourth 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 bought a new position in shares of AAR in the 4th quarter worth $80,000. Venturi Wealth Management LLC boosted its holdings in AAR by 1,965.6% during the fourth quarter. Venturi Wealth Management LLC now owns 1,322 shares of the aerospace company's stock worth $81,000 after buying an additional 1,258 shares during the last quarter. Finally, Toth Financial Advisory Corp grew its holdings in AAR by 133.3% during the fourth quarter. Toth Financial Advisory Corp now owns 1,400 shares of the aerospace company's stock valued at $86,000 after purchasing an additional 800 shares during the period. Institutional investors and hedge funds own 90.74% of the company's stock.
AAR Stock Performance
Shares of AAR stock traded up $1.97 on Tuesday, hitting $61.73. The stock had a trading volume of 218,244 shares, compared to its average volume of 275,088. 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 business's 50 day moving average is $57.40 and its two-hundred day moving average is $63.09. AAR Corp. has a twelve month low of $46.51 and a twelve month high of $76.34. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 220.47 and a beta of 1.40.
AAR (NYSE:AIR - Get Free Report) last announced its earnings results on Thursday, March 27th. The aerospace company reported $0.99 earnings per share (EPS) 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 analyst estimates 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 prior year, the business posted $0.85 EPS. Analysts forecast that AAR Corp. will post 3.77 EPS for the current year.
Analyst Ratings Changes
A number of equities research analysts have recently commented on AIR shares. Truist Financial dropped their price target on AAR from $81.00 to $78.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. KeyCorp dropped their target price 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 upgraded shares of AAR from a "sell" rating to a "hold" rating in a research note on Saturday, April 19th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, AAR has an average rating of "Moderate Buy" and a consensus target price of $80.20.
Check Out Our Latest Report on AIR
About AAR
(
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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