AAR Corp. (NYSE:AIR) Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio increased its holdings in shares of AAR Corp. (NYSE:AIR - Free Report) by 8.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,811 shares of the aerospace company's stock after buying an additional 4,338 shares during the period. Public Employees Retirement System of Ohio owned about 0.16% of AAR worth $3,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of AAR by 21.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 93,096 shares of the aerospace company's stock valued at $5,705,000 after buying an additional 16,645 shares in the last quarter. Virtus Fund Advisers LLC purchased a new position in shares of AAR during the 4th quarter valued at approximately $36,000. Virtus Investment Advisers Inc. purchased a new position in shares of AAR during the 4th quarter valued at approximately $519,000. Squarepoint Ops LLC purchased a new position in shares of AAR during the 4th quarter valued at approximately $627,000. Finally, Westwood Holdings Group Inc. lifted its position in shares of AAR by 8.7% during the 4th quarter. Westwood Holdings Group Inc. now owns 1,441,154 shares of the aerospace company's stock valued at $88,314,000 after buying an additional 115,476 shares in the last quarter. Hedge funds and other institutional investors own 90.74% of the company's stock.

AAR Trading Up 1.3%

Shares of NYSE AIR traded up $0.84 during trading on Wednesday, hitting $65.34. 218,681 shares of the company were exchanged, compared to its average volume of 276,840. AAR Corp. has a 12-month low of $46.51 and a 12-month high of $76.34. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.27 and a current ratio of 2.68. The company has a fifty day moving average price of $56.79 and a 200-day moving average price of $62.94. The firm has a market capitalization of $2.36 billion, a PE ratio of 233.37 and a beta of 1.40.

AAR (NYSE:AIR - Get Free Report) last issued its quarterly earnings data on Thursday, March 27th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company's quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the company earned $0.85 EPS. As a group, equities research analysts expect that AAR Corp. will post 3.77 EPS for the current year.

Wall Street Analysts Forecast Growth

AIR has been the topic of several recent research reports. KeyCorp lowered their target price on shares of AAR from $83.00 to $80.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Truist Financial lowered their target price 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. Finally, Wall Street Zen raised shares of 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 issued a buy rating to the company's stock. According to data from MarketBeat.com, AAR presently has a consensus rating of "Moderate Buy" and an average target price of $80.20.

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.