Rhumbline Advisers Sells 3,809 Shares of AAR Corp. (NYSE:AIR)

Rhumbline Advisers trimmed its position in shares of AAR Corp. (NYSE:AIR - Free Report) by 3.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 112,058 shares of the aerospace company's stock after selling 3,809 shares during the quarter. Rhumbline Advisers owned 0.31% of AAR worth $6,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Arizona State Retirement System boosted its holdings in AAR by 2.1% during the fourth 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 during the last quarter. US Bancorp DE grew its holdings in shares of AAR by 3.8% in the fourth quarter. US Bancorp DE now owns 6,118 shares of the aerospace company's stock valued at $375,000 after acquiring an additional 225 shares in the last quarter. Summit Investment Advisors Inc. grew its position 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 valued at $224,000 after acquiring an additional 226 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of AAR by 11.8% in 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 during the period. Finally, Mengis Capital Management Inc. lifted its stake in AAR by 3.2% in the fourth quarter. Mengis Capital Management Inc. now owns 10,465 shares of the aerospace company's stock valued at $641,000 after purchasing an additional 325 shares during the last quarter. Institutional investors own 90.74% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AIR. KeyCorp lowered their target price on AAR from $83.00 to $80.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Wall Street Zen raised AAR from a "sell" rating to a "hold" rating in a report on Saturday, April 19th. Finally, Truist Financial decreased their price objective on AAR from $81.00 to $78.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. One equities research 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 stock presently has a consensus rating of "Moderate Buy" and an average price target of $80.20.

AAR Trading Up 0.5%

Shares of NYSE AIR traded up $0.36 during midday trading on Thursday, reaching $68.57. The company had a trading volume of 265,096 shares, compared to its average volume of 278,379. The stock has a market cap of $2.48 billion, a PE ratio of 244.90 and a beta of 1.43. AAR Corp. has a one year low of $46.51 and a one year high of $76.34. The firm's fifty day moving average price is $58.06 and its 200-day moving average price is $62.92. The company has a quick ratio of 1.27, a current ratio of 2.68 and a debt-to-equity ratio of 0.84.

AAR (NYSE:AIR - Get Free Report) last released its quarterly earnings data on Thursday, March 27th. The aerospace company reported $0.99 earnings per share 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 firm had revenue of $678.20 million during the quarter, compared to analyst estimates of $699.13 million. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The business's quarterly revenue was up 19.5% compared to the same quarter last year. On average, equities research analysts anticipate that AAR Corp. will post 3.77 earnings per share for the current year.

AAR 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.