AAR Corp. (NYSE:AIR) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC increased its stake in AAR Corp. (NYSE:AIR - Free Report) by 11.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 389,313 shares of the aerospace company's stock after purchasing an additional 39,505 shares during the period. Janus Henderson Group PLC owned 1.08% of AAR worth $23,858,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in AAR by 293.3% in the fourth quarter. Bank of America Corp DE now owns 171,203 shares of the aerospace company's stock valued at $10,491,000 after buying an additional 127,668 shares during the last quarter. Invesco Ltd. increased its holdings in shares of AAR by 13.5% in the 4th quarter. Invesco Ltd. now owns 1,070,618 shares of the aerospace company's stock worth $65,607,000 after acquiring an additional 127,148 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of AAR in the 4th quarter worth about $6,849,000. Norges Bank bought a new stake in AAR in the 4th quarter valued at about $6,321,000. Finally, JPMorgan Chase & Co. boosted its stake in AAR by 215.9% during the 4th quarter. JPMorgan Chase & Co. now owns 128,676 shares of the aerospace company's stock valued at $7,885,000 after purchasing an additional 87,939 shares during the period. Institutional investors and hedge funds own 90.74% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. StockNews.com upgraded shares of AAR from a "sell" rating to a "hold" rating in a research note on Saturday, April 19th. Truist Financial lowered their target price on AAR from $81.00 to $78.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Finally, KeyCorp reduced their price target on 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 given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $80.20.

AAR Price Performance

Shares of AAR stock traded down $0.98 on Wednesday, hitting $60.98. The company had a trading volume of 15,562 shares, compared to its average volume of 274,201. 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 current ratio of 2.68 and a quick ratio of 1.27. The company has a market cap of $2.20 billion, a PE ratio of 217.67 and a beta of 1.40. The business has a 50-day simple moving average of $58.03 and a 200-day simple moving average of $63.16.

AAR (NYSE:AIR - Get Free Report) last released its 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. AAR had a return on equity of 10.46% and a net margin of 0.41%. The firm had revenue of $678.20 million during the quarter, compared to the consensus estimate of $699.13 million. During the same period in the prior year, the firm posted $0.85 earnings per share. The firm's revenue for the quarter was up 19.5% compared to the same quarter last year. Research analysts expect 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.