Teacher Retirement System of Texas Makes New Investment in AAR Corp. (NYSE:AIR)

Teacher Retirement System of Texas bought a new stake in AAR Corp. (NYSE:AIR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,251 shares of the aerospace company's stock, valued at approximately $294,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Summit Investment Advisors Inc. grew its position in shares of AAR by 6.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,655 shares of the aerospace company's stock worth $224,000 after buying an additional 226 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of AAR by 11.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,339 shares of the aerospace company's stock valued at $143,000 after buying an additional 246 shares during the period. Sheets Smith Wealth Management increased its stake in shares of AAR by 3.8% during the 1st quarter. Sheets Smith Wealth Management now owns 7,281 shares of the aerospace company's stock worth $408,000 after purchasing an additional 266 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of AAR by 2.7% in the fourth quarter. Victory Capital Management Inc. now owns 14,847 shares of the aerospace company's stock worth $910,000 after buying an additional 390 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in shares of AAR by 5.6% in the fourth quarter. Bank of Montreal Can now owns 7,387 shares of the aerospace company's stock worth $453,000 after acquiring an additional 390 shares during the last quarter. 90.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of AAR from a "hold" rating to a "buy" rating in a report on Friday. Truist Financial boosted their price target on shares of AAR from $78.00 to $81.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Royal Bank Of Canada raised their price target on shares of AAR from $75.00 to $85.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. Finally, KeyCorp lifted their target price on AAR from $80.00 to $86.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, AAR currently has an average rating of "Buy" and an average price target of $83.75.

AAR Stock Performance

Shares of AIR stock traded down $1.19 during trading hours on Tuesday, reaching $79.36. 391,789 shares of the company's stock were exchanged, compared to its average volume of 284,755. The company's 50 day moving average is $67.49 and its two-hundred day moving average is $64.14. The company has a market cap of $2.86 billion, a P/E ratio of 240.50 and a beta of 1.44. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.72 and a quick ratio of 1.26. AAR Corp. has a 1 year low of $46.51 and a 1 year high of $86.43.

AAR (NYSE:AIR - Get Free Report) last released its earnings results on Wednesday, July 16th. The aerospace company reported $1.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.16. The firm had revenue of $754.50 million during the quarter, compared to the consensus estimate of $695.81 million. AAR had a net margin of 0.45% and a return on equity of 11.66%. AAR's revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.88 earnings per share. Equities research analysts anticipate that AAR Corp. will post 3.77 EPS for the current fiscal 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.