Emerald Advisers LLC Increases Stake in AAR Corp. (NYSE:AIR)

Emerald Advisers LLC boosted its holdings in shares of AAR Corp. (NYSE:AIR - Free Report) by 4.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 510,814 shares of the aerospace company's stock after acquiring an additional 20,654 shares during the period. AAR accounts for about 1.3% of Emerald Advisers LLC's investment portfolio, making the stock its 28th largest holding. Emerald Advisers LLC owned about 1.41% of AAR worth $28,600,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its stake in shares of AAR by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 538,125 shares of the aerospace company's stock worth $32,976,000 after acquiring an additional 19,863 shares during the period. Victory Capital Management Inc. grew its stake in shares of AAR by 2.7% in the fourth quarter. Victory Capital Management Inc. now owns 14,847 shares of the aerospace company's stock worth $910,000 after acquiring an additional 390 shares during the period. Arizona State Retirement System grew its stake in shares of AAR by 2.1% in the fourth quarter. Arizona State Retirement System now owns 10,420 shares of the aerospace company's stock worth $639,000 after acquiring an additional 219 shares during the period. Raymond James Financial Inc. bought a new stake in shares of AAR in the fourth quarter worth approximately $6,849,000. Finally, Great Lakes Advisors LLC bought a new stake in shares of AAR in the fourth quarter worth approximately $3,104,000. 90.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on AIR. KeyCorp cut their target price on shares of AAR from $83.00 to $80.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Wall Street Zen upgraded shares of AAR from a "sell" rating to a "hold" rating in a research note on Saturday, April 19th. Finally, Truist Financial boosted their target price on shares of AAR from $78.00 to $81.00 and gave the stock a "buy" rating in a report on Friday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $80.80.

AAR Price Performance

AAR stock traded down $0.66 during mid-day trading on Monday, reaching $74.19. 63,981 shares of the company's stock traded hands, compared to its average volume of 277,741. The company has a market cap of $2.68 billion, a price-to-earnings ratio of -206.06 and a beta of 1.44. The stock has a 50 day moving average of $65.54 and a two-hundred day moving average of $63.54. The company has a quick ratio of 1.39, a current ratio of 2.82 and a debt-to-equity ratio of 0.86. AAR Corp. has a 12-month low of $46.51 and a 12-month high of $76.34.

About AAR

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.