Cetera Investment Advisers Invests $341,000 in AAR Corp. (NYSE:AIR)

Cetera Investment Advisers acquired a new position in AAR Corp. (NYSE:AIR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,569 shares of the aerospace company's stock, valued at approximately $341,000.

A number of other institutional investors and hedge funds have also made changes to their positions in AIR. Bank of America Corp DE increased its position in shares of AAR by 293.3% during the fourth quarter. Bank of America Corp DE now owns 171,203 shares of the aerospace company's stock valued at $10,491,000 after acquiring an additional 127,668 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of AAR by 13.5% during the fourth quarter. Invesco Ltd. now owns 1,070,618 shares of the aerospace company's stock valued at $65,607,000 after purchasing an additional 127,148 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of AAR during the fourth quarter valued at $6,849,000. Norges Bank purchased a new stake in shares of AAR during the fourth quarter valued at $6,321,000. Finally, JPMorgan Chase & Co. increased its holdings in AAR by 215.9% in the 4th quarter. JPMorgan Chase & Co. now owns 128,676 shares of the aerospace company's stock worth $7,885,000 after buying an additional 87,939 shares in the last quarter. Institutional investors own 90.74% of the company's stock.

AAR Price Performance

Shares of NYSE AIR traded up $0.76 during midday trading on Tuesday, reaching $63.02. The stock had a trading volume of 14,401 shares, compared to its average volume of 274,497. 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 12-month low of $46.51 and a 12-month high of $76.34. The stock has a 50-day moving average of $56.70 and a 200-day moving average of $62.91. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 225.08 and a beta of 1.40.

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 for the quarter, topping analysts' consensus estimates of $0.96 by $0.03. AAR had a return on equity of 10.46% and a net margin of 0.41%. The firm had revenue of $678.20 million during the quarter, compared to analyst estimates of $699.13 million. During the same quarter in the prior year, the company posted $0.85 earnings per share. The business's quarterly revenue was up 19.5% compared to the same quarter last year. As a group, research analysts anticipate that AAR Corp. will post 3.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AIR has been the topic of a number of recent analyst reports. Truist Financial dropped their price target on shares of AAR from $81.00 to $78.00 and set a "buy" rating on the stock in a report on Friday, March 28th. KeyCorp lowered their price objective on shares of AAR from $83.00 to $80.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Finally, Wall Street Zen raised shares of 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 given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target 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.