Harbor Capital Advisors Inc. Acquires New Position in AAR Corp. (NYSE:AIR)

Harbor Capital Advisors Inc. acquired a new stake in AAR Corp. (NYSE:AIR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,387 shares of the aerospace company's stock, valued at approximately $526,000.

Several other large investors have also bought and sold shares of AIR. Vanguard Group Inc. lifted its stake in shares of AAR by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 3,840,885 shares of the aerospace company's stock valued at $235,369,000 after acquiring an additional 58,694 shares during the last quarter. Westwood Holdings Group Inc. raised its position in AAR by 8.7% in the fourth quarter. Westwood Holdings Group Inc. now owns 1,441,154 shares of the aerospace company's stock valued at $88,314,000 after purchasing an additional 115,476 shares during the last quarter. Invesco Ltd. raised its position in AAR by 13.5% in 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 during the last quarter. American Century Companies Inc. boosted its stake in shares of AAR by 2.4% during the fourth quarter. American Century Companies Inc. now owns 893,822 shares of the aerospace company's stock valued at $54,773,000 after purchasing an additional 20,794 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of AAR by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 799,766 shares of the aerospace company's stock worth $49,020,000 after purchasing an additional 2,804 shares during the last quarter. 90.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wall Street Zen upgraded AAR from a "sell" rating to a "hold" rating in a research report on Saturday, April 19th. KeyCorp dropped their price target on shares of AAR from $83.00 to $80.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Finally, Truist Financial reduced their price objective on shares of AAR from $81.00 to $78.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $80.20.

AAR Stock Performance

Shares of AAR stock traded down $0.23 during trading hours on Wednesday, hitting $67.45. 108,205 shares of the company's stock traded hands, compared to its average volume of 276,983. The company has a fifty day simple moving average of $59.51 and a 200-day simple moving average of $62.84. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.82 and a quick ratio of 1.39. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of -186.83 and a beta of 1.43. AAR Corp. has a 12-month low of $46.51 and a 12-month high of $76.34.

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, beating analysts' consensus estimates of $0.96 by $0.03. The business had revenue of $678.20 million for the quarter, compared to analysts' expectations of $699.13 million. AAR had a positive return on equity of 10.86% and a negative net margin of 0.46%. The firm's quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 EPS. Equities research 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.