Segall Bryant & Hamill LLC Increases Position in AAR Corp. (NYSE:AIR)

Segall Bryant & Hamill LLC increased its holdings in shares of AAR Corp. (NYSE:AIR - Free Report) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 279,051 shares of the aerospace company's stock after buying an additional 4,847 shares during the period. Segall Bryant & Hamill LLC owned about 0.77% of AAR worth $15,624,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new position in AAR during the first quarter worth about $526,000. Vanguard Group Inc. grew its holdings in shares of AAR by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 3,840,885 shares of the aerospace company's stock worth $235,369,000 after buying an additional 58,694 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of AAR during the fourth quarter worth about $6,849,000. GAMMA Investing LLC grew its holdings in shares of AAR by 10,454.2% during the first quarter. GAMMA Investing LLC now owns 63,325 shares of the aerospace company's stock worth $3,546,000 after buying an additional 62,725 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of AAR by 60.3% during the fourth quarter. First Trust Advisors LP now owns 26,173 shares of the aerospace company's stock worth $1,604,000 after buying an additional 9,846 shares in the last quarter. 90.74% of the stock is owned by hedge funds and other institutional investors.

AAR Stock Performance

AIR traded down $1.42 during trading hours on Friday, reaching $83.68. The company's stock had a trading volume of 914,795 shares, compared to its average volume of 285,543. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.26 and a current ratio of 2.72. The company's 50-day moving average is $67.49 and its 200-day moving average is $64.14. AAR Corp. has a 52 week low of $46.51 and a 52 week high of $86.43. The firm has a market cap of $3.02 billion, a PE ratio of 253.58 and a beta of 1.44.

AAR (NYSE:AIR - Get Free Report) last released its earnings results on Wednesday, July 16th. The aerospace company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.00 by $0.16. The business had revenue of $754.50 million during the quarter, compared to analysts' expectations of $695.81 million. AAR had a return on equity of 11.66% and a net margin of 0.45%. The firm's revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 earnings per share. On average, equities analysts forecast that AAR Corp. will post 3.77 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Royal Bank Of Canada increased their target price on shares of AAR from $75.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday. Truist Financial increased their target price on shares of AAR from $78.00 to $81.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Wall Street Zen raised shares of AAR from a "hold" rating to a "buy" rating in a report on Friday. Finally, KeyCorp increased their target price on shares of AAR from $80.00 to $86.00 and gave the stock an "overweight" rating in a report on Thursday. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $83.75.

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.