AAR Corp. (NYSE:AIR) Shares Purchased by Two Sigma Investments LP

Two Sigma Investments LP raised its holdings in shares of AAR Corp. (NYSE:AIR - Free Report) by 250.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,866 shares of the aerospace company's stock after buying an additional 83,561 shares during the period. Two Sigma Investments LP owned about 0.33% of AAR worth $7,162,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Sterling Capital Management LLC raised its stake in shares of AAR by 761.2% in 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 period. Smartleaf Asset Management LLC raised its position in 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 during the period. Canada Pension Plan Investment Board acquired a new position in shares of AAR during the fourth quarter worth about $80,000. Venturi Wealth Management LLC boosted its position in shares of AAR by 1,965.6% in the fourth quarter. Venturi Wealth Management LLC now owns 1,322 shares of the aerospace company's stock worth $81,000 after buying an additional 1,258 shares during the period. Finally, Toth Financial Advisory Corp grew its stake in shares of AAR by 133.3% in the fourth quarter. Toth Financial Advisory Corp now owns 1,400 shares of the aerospace company's stock valued at $86,000 after buying an additional 800 shares in the last quarter. 90.74% of the stock is owned by institutional investors and hedge funds.

AAR Stock Down 1.3%

AIR stock traded down $0.82 during mid-day trading on Friday, hitting $61.33. 15,368 shares of the company were exchanged, compared to its average volume of 274,520. The firm has a fifty day simple moving average of $57.02 and a 200 day simple moving average of $63.05. The company has a market capitalization of $2.21 billion, a PE ratio of 219.42 and a beta of 1.40. AAR Corp. has a twelve month low of $46.51 and a twelve month high of $76.34. The company has a current ratio of 2.68, a quick ratio of 1.27 and a debt-to-equity ratio of 0.84.

AAR (NYSE:AIR - Get Free Report) last announced its quarterly earnings data on Thursday, March 27th. The aerospace company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.03. The firm had revenue of $678.20 million during the quarter, compared to analyst estimates of $699.13 million. AAR had a return on equity of 10.46% and a net margin of 0.41%. AAR's quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 earnings per share. On average, research analysts forecast that AAR Corp. will post 3.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on AIR shares. Wall Street Zen raised AAR from a "sell" rating to a "hold" rating in a research report on Saturday, April 19th. KeyCorp decreased their target price on shares of AAR from $83.00 to $80.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Finally, 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. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, AAR presently has a consensus rating of "Moderate Buy" and an average 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.