SG Americas Securities LLC Sells 7,858 Shares of AAR Corp. (NYSE:AIR)

SG Americas Securities LLC lessened its stake in AAR Corp. (NYSE:AIR - Free Report) by 31.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,262 shares of the aerospace company's stock after selling 7,858 shares during the quarter. SG Americas Securities LLC's holdings in AAR were worth $966,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Putney Financial Group LLC bought a new position in AAR during the fourth quarter valued at approximately $30,000. Virtus Fund Advisers LLC purchased a new stake in shares of AAR during the 4th quarter worth approximately $36,000. Sterling Capital Management LLC boosted its position in shares of AAR by 761.2% during the 4th quarter. Sterling Capital Management LLC now owns 887 shares of the aerospace company's stock valued at $54,000 after acquiring an additional 784 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of AAR by 124.4% in the fourth 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 in the last quarter. Finally, GAMMA Investing LLC increased its position in AAR by 88.5% in the first quarter. GAMMA Investing LLC now owns 1,131 shares of the aerospace company's stock worth $63,000 after purchasing an additional 531 shares during the last quarter. Institutional investors own 90.74% of the company's stock.

AAR Trading Down 1.0%

AIR stock traded down $0.69 during mid-day trading on Thursday, reaching $66.99. 270,230 shares of the stock traded hands, compared to its average volume of 277,147. AAR Corp. has a one year low of $46.51 and a one year high of $76.34. The stock has a market capitalization of $2.42 billion, a PE ratio of -186.08 and a beta of 1.43. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.39 and a current ratio of 2.82. The business has a 50-day moving average price of $59.76 and a two-hundred day moving average price of $62.87.

AAR (NYSE:AIR - Get Free Report) last released its quarterly earnings results on Thursday, March 27th. The aerospace company reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.03. AAR had a negative net margin of 0.46% and a positive return on equity of 10.86%. The firm had revenue of $678.20 million during the quarter, compared to analysts' expectations of $699.13 million. During the same period in the previous year, the company earned $0.85 EPS. The firm's revenue for the quarter was up 19.5% compared to the same quarter last year. Equities research analysts expect that AAR Corp. will post 3.77 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AIR shares. KeyCorp lowered their price objective on shares of AAR from $83.00 to $80.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Truist Financial lowered their price target on shares of AAR from $81.00 to $78.00 and set a "buy" rating for the company in a report on Friday, March 28th. Finally, Wall Street Zen raised AAR from a "sell" rating to a "hold" rating in a research note on Saturday, April 19th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.