Wolverine Trading LLC Sells 4,720 Shares of AAR Corp. (NYSE:AIR)

Wolverine Trading LLC lessened its position in shares of AAR Corp. (NYSE:AIR - Free Report) by 51.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,473 shares of the aerospace company's stock after selling 4,720 shares during the period. Wolverine Trading LLC's holdings in AAR were worth $273,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Virtus Fund Advisers LLC acquired a new stake in AAR in the 4th quarter valued at $36,000. Sterling Capital Management LLC grew its position in shares of AAR by 761.2% during 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 grew its holdings in AAR by 124.4% during 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 purchased a new stake in AAR in the fourth quarter worth $80,000. Finally, Venturi Wealth Management LLC increased its holdings in AAR by 1,965.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,322 shares of the aerospace company's stock worth $81,000 after acquiring an additional 1,258 shares during the last quarter. Institutional investors and hedge funds own 90.74% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. KeyCorp lowered their target price on shares of AAR from $83.00 to $80.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Wall Street Zen raised AAR from a "sell" rating to a "hold" rating in a report on Saturday, April 19th. Finally, Truist Financial lowered their target price 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 assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $80.20.

AAR Stock Up 1.3%

Shares of AAR stock traded up $0.84 during trading on Wednesday, hitting $65.34. The company's stock had a trading volume of 218,681 shares, compared to its average volume of 276,840. AAR Corp. has a 52 week low of $46.51 and a 52 week high of $76.34. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.27 and a current ratio of 2.68. The company has a fifty day simple moving average of $56.79 and a two-hundred day simple moving average of $62.94. The company has a market capitalization of $2.36 billion, a PE ratio of 233.37 and a beta of 1.40.

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. AAR had a net margin of 0.41% and a return on equity of 10.46%. The firm had revenue of $678.20 million for the quarter, compared to the consensus estimate of $699.13 million. During the same quarter last year, the firm posted $0.85 EPS. The business's quarterly revenue was up 19.5% compared to the same quarter last year. Equities research analysts predict that AAR Corp. will post 3.77 earnings per share 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.