GAMMA Investing LLC Acquires 62,725 Shares of AAR Corp. (NYSE:AIR)

GAMMA Investing LLC lifted its stake in shares of AAR Corp. (NYSE:AIR - Free Report) by 10,454.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 63,325 shares of the aerospace company's stock after purchasing an additional 62,725 shares during the quarter. GAMMA Investing LLC owned about 0.18% of AAR worth $3,546,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its position in shares of AAR by 3.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 538,125 shares of the aerospace company's stock worth $32,976,000 after buying an additional 19,863 shares during the period. Vanguard Group Inc. grew its stake in shares of AAR by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 3,840,885 shares of the aerospace company's stock worth $235,369,000 after purchasing an additional 58,694 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of AAR in the fourth quarter worth $6,849,000. First Trust Advisors LP increased its holdings in shares of AAR by 60.3% during the fourth quarter. First Trust Advisors LP now owns 26,173 shares of the aerospace company's stock valued at $1,604,000 after purchasing an additional 9,846 shares during the period. Finally, Invesco Ltd. raised its stake 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. Institutional investors and hedge funds own 90.74% of the company's stock.

AAR Trading Up 0.5%

NYSE AIR traded up $0.36 on Thursday, hitting $68.57. 265,096 shares of the stock were exchanged, compared to its average volume of 278,379. The company's 50-day moving average price is $58.06 and its two-hundred day moving average price is $62.92. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.68 and a quick ratio of 1.27. AAR Corp. has a 52-week low of $46.51 and a 52-week high of $76.34. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 244.90 and a beta of 1.43.

AAR (NYSE:AIR - Get Free Report) last announced its quarterly earnings data on Thursday, March 27th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.03. The firm had revenue of $678.20 million during the quarter, compared to the consensus estimate of $699.13 million. AAR had a return on equity of 10.46% and a net margin of 0.41%. The business's revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.85 EPS. Research analysts predict that AAR Corp. will post 3.77 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wall Street Zen raised shares of AAR from a "sell" rating to a "hold" rating in a research note on Saturday, April 19th. Truist Financial cut their target price on shares of AAR from $81.00 to $78.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Finally, KeyCorp dropped their price target on AAR from $83.00 to $80.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. One investment 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, the company currently has a consensus rating of "Moderate Buy" and an average target price of $80.20.

AAR 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.