New York State Teachers Retirement System Has $2.74 Million Stock Position in AAR Corp. (NYSE:AIR)

New York State Teachers Retirement System reduced its holdings in AAR Corp. (NYSE:AIR - Free Report) by 12.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 48,959 shares of the aerospace company's stock after selling 6,700 shares during the quarter. New York State Teachers Retirement System owned approximately 0.14% of AAR worth $2,741,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Putney Financial Group LLC bought a new position in shares of AAR in the 4th quarter worth about $30,000. Virtus Fund Advisers LLC bought a new stake in AAR in the 4th quarter valued at about $36,000. Sterling Capital Management LLC lifted its position in AAR by 761.2% in the 4th quarter. Sterling Capital Management LLC now owns 887 shares of the aerospace company's stock valued at $54,000 after purchasing an additional 784 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in AAR by 124.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the aerospace company's stock valued at $62,000 after purchasing an additional 561 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in AAR by 88.5% in the 1st quarter. GAMMA Investing LLC now owns 1,131 shares of the aerospace company's stock valued at $63,000 after purchasing an additional 531 shares during the last quarter. 90.74% of the stock is currently owned by institutional investors.

AAR Stock Up 1.7%

NYSE AIR traded up $1.27 during trading on Thursday, reaching $74.53. The company's stock had a trading volume of 284,436 shares, compared to its average volume of 277,588. 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 stock has a market capitalization of $2.69 billion, a PE ratio of -207.02 and a beta of 1.44. The business has a 50-day moving average price of $65.19 and a 200-day moving average price of $63.41. AAR Corp. has a 1-year low of $46.51 and a 1-year high of $76.34.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AIR. Truist Financial cut their price objective on shares of AAR from $81.00 to $78.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. 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, Wall Street Zen upgraded shares of AAR from a "sell" rating to a "hold" rating in a research report on Saturday, April 19th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, AAR presently has an average rating of "Moderate Buy" and an average 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.