Greenwood Capital Associates LLC Has $517,000 Position in AAR Corp. (NYSE:AIR)

Greenwood Capital Associates LLC cut its holdings in shares of AAR Corp. (NYSE:AIR - Free Report) by 30.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,236 shares of the aerospace company's stock after selling 3,953 shares during the quarter. Greenwood Capital Associates LLC's holdings in AAR were worth $517,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of AIR. Arizona State Retirement System grew its holdings in shares of AAR by 2.1% during the 4th quarter. Arizona State Retirement System now owns 10,420 shares of the aerospace company's stock worth $639,000 after purchasing an additional 219 shares in the last quarter. US Bancorp DE grew its holdings in shares of AAR by 3.8% during the 4th quarter. US Bancorp DE now owns 6,118 shares of the aerospace company's stock worth $375,000 after purchasing an additional 225 shares in the last quarter. Summit Investment Advisors Inc. grew its holdings in shares of AAR by 6.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,655 shares of the aerospace company's stock worth $224,000 after purchasing an additional 226 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of AAR by 11.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,339 shares of the aerospace company's stock worth $143,000 after purchasing an additional 246 shares in the last quarter. Finally, Mengis Capital Management Inc. grew its holdings in shares of AAR by 3.2% during the 4th quarter. Mengis Capital Management Inc. now owns 10,465 shares of the aerospace company's stock worth $641,000 after purchasing an additional 325 shares in the last quarter. 90.74% of the stock is currently owned by institutional investors and hedge funds.

AAR Price Performance

AIR stock traded down $0.61 during trading on Monday, hitting $68.02. The company had a trading volume of 202,527 shares, compared to its average volume of 278,028. The company has a fifty day moving average price of $59.24 and a two-hundred day moving average price of $62.81. The company has a current ratio of 2.68, a quick ratio of 1.27 and a debt-to-equity ratio of 0.84. The company has a market cap of $2.46 billion, a P/E ratio of 242.93 and a beta of 1.43. AAR Corp. has a fifty-two week low of $46.51 and a fifty-two week high of $76.34.

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

Analyst Ratings Changes

AIR has been the topic of several recent research reports. KeyCorp decreased their price objective on AAR from $83.00 to $80.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Truist Financial decreased their price target on AAR from $81.00 to $78.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Finally, Wall Street Zen raised AAR from a "sell" rating to a "hold" rating in a research note 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's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $80.20.

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.