Marshall Wace LLP Has $6.96 Million Stock Position in AAR Corp. (NYSE:AIR)

Marshall Wace LLP raised its holdings in shares of AAR Corp. (NYSE:AIR - Free Report) by 136.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 113,515 shares of the aerospace company's stock after acquiring an additional 65,580 shares during the period. Marshall Wace LLP owned approximately 0.32% of AAR worth $6,956,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sterling Capital Management LLC raised 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 last quarter. Smartleaf Asset Management LLC raised its position in shares of AAR by 124.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the aerospace company's stock valued at $62,000 after acquiring an additional 561 shares during the last quarter. Venturi Wealth Management LLC raised its position in shares of AAR by 1,965.6% during the 4th quarter. Venturi Wealth Management LLC now owns 1,322 shares of the aerospace company's stock valued at $81,000 after acquiring an additional 1,258 shares during the last quarter. Toth Financial Advisory Corp raised its position in shares of AAR by 133.3% during the 4th quarter. Toth Financial Advisory Corp now owns 1,400 shares of the aerospace company's stock valued at $86,000 after acquiring an additional 800 shares during the last quarter. Finally, KBC Group NV raised its position in shares of AAR by 42.5% during the 4th quarter. KBC Group NV now owns 1,887 shares of the aerospace company's stock valued at $116,000 after acquiring an additional 563 shares during the last quarter. Institutional investors own 90.74% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AIR. StockNews.com upgraded shares of AAR from a "sell" rating to a "hold" rating in a research report on Saturday, April 19th. KeyCorp lowered their price objective 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. Finally, Truist Financial lowered their price objective 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. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, AAR has a consensus rating of "Moderate Buy" and an average price target of $80.20.

AAR Stock Up 1.1 %

NYSE AIR traded up $0.60 on Monday, reaching $53.45. The company had a trading volume of 204,510 shares, compared to its average volume of 275,051. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 190.90 and a beta of 1.32. 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 1-year low of $46.51 and a 1-year high of $76.34. The company's fifty day moving average is $59.59 and its 200-day moving average is $63.38.

AAR (NYSE:AIR - Get Free Report) last announced 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. The firm 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 company'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 earned $0.85 EPS. On average, research analysts forecast that AAR Corp. will post 3.77 earnings per share for the current fiscal 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.