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

SG Americas Securities LLC decreased its holdings in AAR Corp. (NYSE:AIR - Free Report) by 31.3% in the 1st quarter, according to the company in 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 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Bank of America Corp DE lifted its holdings in shares of AAR by 293.3% in the fourth quarter. Bank of America Corp DE now owns 171,203 shares of the aerospace company's stock valued at $10,491,000 after buying an additional 127,668 shares during the period. Invesco Ltd. lifted its stake in AAR by 13.5% in the 4th quarter. Invesco Ltd. now owns 1,070,618 shares of the aerospace company's stock worth $65,607,000 after acquiring an additional 127,148 shares in the last quarter. Westwood Holdings Group Inc. lifted its stake in AAR by 8.7% in the 4th quarter. Westwood Holdings Group Inc. now owns 1,441,154 shares of the aerospace company's stock worth $88,314,000 after acquiring an additional 115,476 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in AAR in the 4th quarter worth about $6,849,000. Finally, Norges Bank purchased a new stake in AAR in the 4th quarter worth about $6,321,000. Institutional investors own 90.74% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on AIR shares. KeyCorp dropped their target price on AAR from $83.00 to $80.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Truist Financial lowered their price objective on AAR from $81.00 to $78.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Finally, Wall Street Zen raised AAR from a "sell" rating to a "hold" rating in a report on Saturday, April 19th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, AAR presently has an average rating of "Moderate Buy" and an average target price of $80.20.

AAR Stock Performance

AIR traded up $0.65 during midday trading on Friday, reaching $67.60. The company's stock had a trading volume of 695,711 shares, compared to its average volume of 275,126. The stock has a market cap of $2.44 billion, a P/E ratio of -187.76 and a beta of 1.43. The company has a fifty day simple moving average of $60.35 and a 200 day simple moving average of $62.79. The company has a current ratio of 2.82, a quick ratio of 1.39 and a debt-to-equity ratio of 0.86. AAR Corp. has a twelve month low of $46.51 and a twelve month high of $76.34.

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

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.