UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 16,645 Shares of AAR Corp. (NYSE:AIR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of AAR Corp. (NYSE:AIR - Free Report) by 21.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 93,096 shares of the aerospace company's stock after purchasing an additional 16,645 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.26% of AAR worth $5,705,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Virtus Fund Advisers LLC acquired a new position in AAR during the 4th quarter worth about $36,000. Sterling Capital Management LLC raised its stake in shares of AAR by 761.2% in the fourth quarter. Sterling Capital Management LLC now owns 887 shares of the aerospace company's stock worth $54,000 after acquiring an additional 784 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of AAR by 124.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the aerospace company's stock worth $62,000 after purchasing an additional 561 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of AAR during the fourth quarter valued at approximately $80,000. Finally, Venturi Wealth Management LLC grew its stake in shares of AAR by 1,965.6% during the fourth quarter. Venturi Wealth Management LLC now owns 1,322 shares of the aerospace company's stock valued at $81,000 after purchasing an additional 1,258 shares during the last quarter. Institutional investors own 90.74% of the company's stock.

Analyst Upgrades and Downgrades

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

AAR Trading Up 0.9%

Shares of AIR stock traded up $0.62 during trading hours on Friday, reaching $66.91. The company had a trading volume of 310,091 shares, compared to its average volume of 277,792. AAR Corp. has a 1-year low of $46.51 and a 1-year high of $76.34. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.68 and a quick ratio of 1.27. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 238.98 and a beta of 1.40. The company has a 50 day moving average of $57.22 and a 200 day moving average of $62.93.

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