Stifel Financial Corp Acquires 27,275 Shares of AAR Corp. (NYSE:AIR)

Stifel Financial Corp increased its stake in AAR Corp. (NYSE:AIR - Free Report) by 119.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,134 shares of the aerospace company's stock after buying an additional 27,275 shares during the period. Stifel Financial Corp owned about 0.14% of AAR worth $3,072,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Invesco Ltd. increased its position 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 purchasing an additional 127,148 shares during the last quarter. Franklin Resources Inc. grew its stake in AAR by 13.4% in the third quarter. Franklin Resources Inc. now owns 969,741 shares of the aerospace company's stock worth $59,591,000 after purchasing an additional 114,460 shares in the last quarter. Raymond James Financial Inc. bought a new stake in AAR in the fourth quarter valued at about $6,849,000. Norges Bank acquired a new stake in AAR during the fourth quarter valued at approximately $6,321,000. Finally, JPMorgan Chase & Co. lifted its holdings in AAR by 215.9% during the 4th quarter. JPMorgan Chase & Co. now owns 128,676 shares of the aerospace company's stock worth $7,885,000 after buying an additional 87,939 shares during the last quarter. 90.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AIR has been the topic of several research reports. StockNews.com raised AAR from a "sell" rating to a "hold" rating in a research report on Saturday, April 19th. Truist Financial decreased their price target on shares of AAR from $81.00 to $78.00 and set a "buy" rating for the company in a report on Friday, March 28th. Finally, KeyCorp dropped their price objective on shares of AAR from $83.00 to $80.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, AAR presently has a consensus rating of "Moderate Buy" and an average target price of $80.20.

AAR Stock Down 1.0 %

AIR stock traded down $0.62 during midday trading on Thursday, hitting $58.43. The company's stock had a trading volume of 24,512 shares, compared to its average volume of 273,874. AAR Corp. has a twelve month low of $46.51 and a twelve month high of $76.34. The stock has a market capitalization of $2.11 billion, a P/E ratio of 208.69 and a beta of 1.40. 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's fifty day moving average price is $58.59 and its 200 day moving average price is $63.10.

AAR (NYSE:AIR - Get Free Report) last announced its earnings results on Thursday, March 27th. The aerospace company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.96 by $0.03. AAR had a net margin of 0.41% and a return on equity of 10.46%. The company had revenue of $678.20 million for the quarter, compared to analysts' expectations of $699.13 million. During the same period last year, the firm earned $0.85 earnings per share. The business's revenue for the quarter was up 19.5% on a year-over-year basis. As a group, equities research analysts predict that AAR Corp. will post 3.77 EPS for the current 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.