Barrow Hanley Mewhinney & Strauss LLC Makes New Investment in AAR Corp. $AIR

Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of AAR Corp. (NYSE:AIR - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 589,454 shares of the aerospace company's stock, valued at approximately $84,251,000. Barrow Hanley Mewhinney & Strauss LLC owned 1.48% of AAR as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of AAR during the second quarter valued at about $925,068,000. Wellington Management Group LLP increased its position in AAR by 144.3% during the third quarter. Wellington Management Group LLP now owns 1,486,775 shares of the aerospace company's stock valued at $133,319,000 after acquiring an additional 878,188 shares during the last quarter. UBS Group AG raised its position in AAR by 709.2% in the 3rd quarter. UBS Group AG now owns 488,239 shares of the aerospace company's stock worth $43,780,000 after purchasing an additional 427,906 shares during the period. State Street Corp lifted its stake in shares of AAR by 17.1% during the 4th quarter. State Street Corp now owns 2,320,927 shares of the aerospace company's stock worth $192,150,000 after acquiring an additional 339,595 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of AAR by 36.9% during the third quarter. Franklin Resources Inc. now owns 1,154,167 shares of the aerospace company's stock valued at $107,752,000 after purchasing an additional 311,258 shares during the period. Institutional investors own 90.74% of the company's stock.

AAR Stock Down 0.5%

Shares of AIR stock opened at $134.15 on Monday. AAR Corp. has a fifty-two week low of $72.00 and a fifty-two week high of $154.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.24 and a current ratio of 2.84. The firm has a market capitalization of $5.35 billion, a PE ratio of 27.77 and a beta of 1.11. The stock's 50-day simple moving average is $138.58 and its 200-day simple moving average is $121.96.

AAR (NYSE:AIR - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.38 by $0.15. The business had revenue of $928.00 million for the quarter, compared to the consensus estimate of $893.03 million. AAR had a net margin of 5.67% and a return on equity of 12.67%. The business's revenue for the quarter was up 23.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.16 EPS. Equities analysts expect that AAR Corp. will post 5.92 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on AIR shares. KeyCorp reissued a "sector weight" rating on shares of AAR in a research note on Wednesday, July 22nd. Truist Financial boosted their price target on shares of AAR from $128.00 to $145.00 and gave the company a "buy" rating in a report on Monday, July 27th. Jefferies Financial Group boosted their price target on shares of AAR from $150.00 to $155.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. Zacks Research upgraded shares of AAR from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 10th. Finally, Weiss Ratings upgraded AAR from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $135.60.

About AAR

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.

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