Emerald Advisers LLC Acquires 20,654 Shares of AAR Corp. (NYSE:AIR)

Emerald Advisers LLC lifted its holdings in shares of AAR Corp. (NYSE:AIR - Free Report) by 4.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 510,814 shares of the aerospace company's stock after purchasing an additional 20,654 shares during the period. AAR accounts for about 1.3% of Emerald Advisers LLC's portfolio, making the stock its 28th biggest position. Emerald Advisers LLC owned 1.41% of AAR worth $28,600,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Putney Financial Group LLC acquired a new position in AAR during the 4th quarter worth approximately $30,000. Virtus Fund Advisers LLC acquired a new position in AAR during the 4th quarter worth approximately $36,000. Sterling Capital Management LLC raised its stake in AAR by 761.2% during the 4th quarter. Sterling Capital Management LLC now owns 887 shares of the aerospace company's stock worth $54,000 after buying an additional 784 shares during the period. GAMMA Investing LLC raised its stake in AAR by 88.5% during the 1st quarter. GAMMA Investing LLC now owns 1,131 shares of the aerospace company's stock worth $63,000 after buying an additional 531 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in AAR during the 4th quarter worth approximately $80,000. Institutional investors own 90.74% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on AIR shares. Wall Street Zen raised AAR from a "sell" rating to a "hold" rating in a research note on Saturday, April 19th. Truist Financial increased their price objective on AAR from $78.00 to $81.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, KeyCorp lowered their price objective on AAR from $83.00 to $80.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $80.80.

AAR Stock Performance

Shares of AIR stock traded up $1.56 during trading on Wednesday, hitting $74.95. The company's stock had a trading volume of 687,490 shares, compared to its average volume of 281,386. The company has a market cap of $2.71 billion, a PE ratio of -208.18 and a beta of 1.44. The company has a current ratio of 2.82, a quick ratio of 1.39 and a debt-to-equity ratio of 0.86. The business has a fifty day moving average of $66.18 and a 200-day moving average of $63.70. AAR Corp. has a 52 week low of $46.51 and a 52 week high of $79.37.

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.