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

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

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of AAR by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 3,840,885 shares of the aerospace company's stock valued at $235,369,000 after buying an additional 58,694 shares during the last quarter. Westwood Holdings Group Inc. grew its position in shares of AAR by 8.7% during the 4th quarter. Westwood Holdings Group Inc. now owns 1,441,154 shares of the aerospace company's stock valued at $88,314,000 after buying an additional 115,476 shares during the last quarter. Invesco Ltd. grew its position in shares of AAR by 13.5% during the 4th quarter. Invesco Ltd. now owns 1,070,618 shares of the aerospace company's stock valued at $65,607,000 after buying an additional 127,148 shares during the last quarter. American Century Companies Inc. grew its position in shares of AAR by 2.4% during the 4th quarter. American Century Companies Inc. now owns 893,822 shares of the aerospace company's stock valued at $54,773,000 after buying an additional 20,794 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of AAR by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 799,766 shares of the aerospace company's stock valued at $49,020,000 after buying an additional 2,804 shares during the last quarter. Institutional investors own 90.74% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AIR. Wall Street Zen raised shares of AAR from a "sell" rating to a "hold" rating in a research report on Saturday, April 19th. Truist Financial decreased their target price 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. Finally, 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 report on Wednesday, April 2nd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, AAR currently has an average rating of "Moderate Buy" and a consensus target price of $80.20.

AAR Stock Performance

NYSE AIR traded down $0.29 on Friday, hitting $59.80. The stock had a trading volume of 120,977 shares, compared to its average volume of 274,946. AAR Corp. has a one year low of $46.51 and a one year high of $76.34. The company has a quick ratio of 1.27, a current ratio of 2.68 and a debt-to-equity ratio of 0.84. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 213.58 and a beta of 1.40. The company's 50-day moving average is $57.58 and its two-hundred day moving average is $63.15.

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

AAR 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.