Northern Trust Corp Sells 6,752 Shares of AAR Corp. (NYSE:AIR)

Northern Trust Corp reduced its position in shares of AAR Corp. (NYSE:AIR - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 398,244 shares of the aerospace company's stock after selling 6,752 shares during the period. Northern Trust Corp owned approximately 1.11% of AAR worth $24,404,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC grew its holdings 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 purchasing an additional 784 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in AAR by 124.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the aerospace company's stock valued at $62,000 after buying an additional 561 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of AAR during the fourth quarter worth $80,000. Venturi Wealth Management LLC increased its holdings in shares of AAR by 1,965.6% during the fourth quarter. Venturi Wealth Management LLC now owns 1,322 shares of the aerospace company's stock worth $81,000 after buying an additional 1,258 shares in the last quarter. Finally, Toth Financial Advisory Corp increased its holdings in shares of AAR by 133.3% during the fourth quarter. Toth Financial Advisory Corp now owns 1,400 shares of the aerospace company's stock worth $86,000 after buying an additional 800 shares in the last quarter. 90.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

AAR Stock Up 0.7%

NYSE:AIR traded up $0.46 on Friday, hitting $62.62. The stock had a trading volume of 198,423 shares, compared to its average volume of 275,145. The business's fifty day moving average is $58.24 and its 200 day moving average is $63.08. AAR Corp. has a 52 week low of $46.51 and a 52 week 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 company has a market cap of $2.26 billion, a PE ratio of 223.67 and a beta of 1.40.

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. AAR had a return on equity of 10.46% and a net margin of 0.41%. The firm had revenue of $678.20 million for the quarter, compared to the consensus estimate of $699.13 million. During the same quarter in the previous year, the business earned $0.85 EPS. The company's revenue was up 19.5% compared to the same quarter last year. On average, equities research analysts expect that AAR Corp. will post 3.77 EPS for the current fiscal 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.