GAMMA Investing LLC Grows Stock Holdings in AAR Corp. (NYSE:AIR)

GAMMA Investing LLC increased its position in shares of AAR Corp. (NYSE:AIR - Free Report) by 10,454.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,325 shares of the aerospace company's stock after acquiring an additional 62,725 shares during the period. GAMMA Investing LLC owned about 0.18% of AAR worth $3,546,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Putney Financial Group LLC acquired a new position in AAR during the 4th quarter worth about $30,000. Virtus Fund Advisers LLC acquired a new position in AAR during the 4th quarter worth about $36,000. Sterling Capital Management LLC increased its holdings 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 purchasing an additional 784 shares during the period. Smartleaf Asset Management LLC increased its holdings in AAR by 124.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the aerospace company's stock worth $62,000 after purchasing an additional 561 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in AAR during the 4th quarter worth about $80,000. Institutional investors and hedge funds own 90.74% of the company's stock.

Wall Street Analysts Forecast Growth

AIR has been the topic of several recent research reports. Wall Street Zen upgraded AAR from a "sell" rating to a "hold" rating in a report on Saturday, April 19th. KeyCorp cut 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. Finally, Truist Financial cut their price target on AAR from $81.00 to $78.00 and set a "buy" rating on the stock in a report on Friday, March 28th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $80.20.

AAR Stock Down 0.4%

Shares of AIR traded down $0.28 during mid-day trading on Friday, reaching $68.49. The company's stock had a trading volume of 271,814 shares, compared to its average volume of 278,331. AAR Corp. has a 12-month low of $46.51 and a 12-month high of $76.34. The stock has a market cap of $2.47 billion, a PE ratio of 244.62 and a beta of 1.43. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.68 and a quick ratio of 1.27. The company's 50 day moving average is $58.86 and its 200 day moving average is $62.86.

AAR (NYSE:AIR - Get Free Report) last released its quarterly earnings data on Thursday, March 27th. The aerospace company reported $0.99 EPS for the quarter, beating 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 business had revenue of $678.20 million for the quarter, compared to the consensus estimate of $699.13 million. During the same quarter in the prior year, the business posted $0.85 EPS. The business's revenue for the quarter was up 19.5% on a year-over-year basis. Equities analysts anticipate that AAR Corp. will post 3.77 EPS for the current fiscal year.

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.