Virtus Investment Advisers Inc. Takes $519,000 Position in AAR Corp. (NYSE:AIR)

Virtus Investment Advisers Inc. acquired a new stake in AAR Corp. (NYSE:AIR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,477 shares of the aerospace company's stock, valued at approximately $519,000.

Several other large investors have also modified their holdings of the company. Squarepoint Ops LLC acquired a new stake in shares of AAR in the fourth quarter valued at approximately $627,000. Westwood Holdings Group Inc. boosted its holdings in shares of AAR by 8.7% in the fourth quarter. Westwood Holdings Group Inc. now owns 1,441,154 shares of the aerospace company's stock valued at $88,314,000 after acquiring an additional 115,476 shares during the period. Two Sigma Advisers LP boosted its holdings in shares of AAR by 340.0% in the fourth quarter. Two Sigma Advisers LP now owns 66,000 shares of the aerospace company's stock valued at $4,044,000 after acquiring an additional 51,000 shares during the period. Two Sigma Investments LP boosted its holdings in shares of AAR by 250.9% in the fourth quarter. Two Sigma Investments LP now owns 116,866 shares of the aerospace company's stock valued at $7,162,000 after acquiring an additional 83,561 shares during the period. Finally, Shay Capital LLC raised its stake in shares of AAR by 29.2% during the fourth quarter. Shay Capital LLC now owns 9,046 shares of the aerospace company's stock worth $554,000 after purchasing an additional 2,046 shares during the last quarter. 90.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

AAR Price Performance

NYSE:AIR traded down $0.24 during trading hours on Thursday, hitting $60.12. The company's stock had a trading volume of 141,158 shares, compared to its average volume of 275,220. The business's 50-day moving average is $57.89 and its two-hundred day moving average is $63.14. The company has a market capitalization of $2.17 billion, a PE ratio of 214.74 and a beta of 1.40. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.27 and a current ratio of 2.68. AAR Corp. has a 52-week low of $46.51 and a 52-week 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 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 analysts' expectations of $699.13 million. During the same quarter last year, the business posted $0.85 earnings per share. The business's revenue for the quarter was up 19.5% on a year-over-year basis. As a group, research analysts anticipate that AAR Corp. will post 3.77 EPS for the current fiscal year.

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.