AAR Corp. (NYSE:AIR) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of AAR Corp. (NYSE:AIR - Free Report) by 21.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 93,096 shares of the aerospace company's stock after buying 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the stock. Virtus Fund Advisers LLC purchased a new stake in AAR in the fourth quarter valued at $36,000. Virtus Investment Advisers Inc. purchased a new stake in shares of AAR in the 4th quarter valued at about $519,000. Squarepoint Ops LLC acquired a new stake in shares of AAR in the 4th quarter valued at about $627,000. Westwood Holdings Group Inc. grew its stake in AAR by 8.7% during the 4th quarter. Westwood Holdings Group Inc. now owns 1,441,154 shares of the aerospace company's stock worth $88,314,000 after buying an additional 115,476 shares during the last quarter. Finally, Two Sigma Advisers LP increased its position in AAR by 340.0% during the fourth quarter. Two Sigma Advisers LP now owns 66,000 shares of the aerospace company's stock worth $4,044,000 after buying an additional 51,000 shares during the period. 90.74% of the stock is currently owned by hedge funds and other institutional investors.

AAR Price Performance

AIR stock traded up $1.21 on Thursday, reaching $66.53. 115,551 shares of the company's stock were exchanged, compared to its average volume of 276,249. The stock has a fifty day moving average of $56.79 and a 200-day moving average of $62.94. The firm has a market cap of $2.40 billion, a PE ratio of 237.01 and a beta of 1.40. The company has a quick ratio of 1.27, a current ratio of 2.68 and a debt-to-equity ratio of 0.84. 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 results on Thursday, March 27th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.96 by $0.03. The business had revenue of $678.20 million during the quarter, compared to the consensus estimate of $699.13 million. AAR had a net margin of 0.41% and a return on equity of 10.46%. The business's revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 EPS. As a group, equities analysts predict that AAR Corp. will post 3.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

About AAR

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.