35,658 Shares in AAR Corp. (NYSE:AIR) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new stake in shares of AAR Corp. (NYSE:AIR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 35,658 shares of the aerospace company's stock, valued at approximately $2,185,000. Susquehanna Fundamental Investments LLC owned approximately 0.10% of AAR as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AIR. JPMorgan Chase & Co. boosted its holdings in AAR by 9.7% in the third quarter. JPMorgan Chase & Co. now owns 40,737 shares of the aerospace company's stock worth $2,663,000 after purchasing an additional 3,612 shares during the period. SG Americas Securities LLC bought a new stake in shares of AAR during the 4th quarter valued at about $1,539,000. Charles Schwab Investment Management Inc. lifted its holdings in AAR by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 538,125 shares of the aerospace company's stock worth $32,976,000 after acquiring an additional 19,863 shares during the last quarter. Shelton Wealth Management LLC bought a new position in AAR in the fourth quarter worth about $1,068,000. Finally, Barclays PLC boosted its stake in AAR by 269.4% in the third quarter. Barclays PLC now owns 66,223 shares of the aerospace company's stock valued at $4,328,000 after acquiring an additional 48,298 shares during the period. Institutional investors own 90.74% of the company's stock.

AAR Stock Performance

AIR stock traded up $0.17 during trading on Monday, reaching $56.93. 31,200 shares of the company's stock were exchanged, compared to its average volume of 282,742. The firm has a market cap of $2.06 billion, a PE ratio of 203.31 and a beta of 1.40. The company has a quick ratio of 1.27, a current ratio of 2.68 and a debt-to-equity ratio of 0.84. 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 price is $58.95 and its 200-day moving average price is $63.19.

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AIR. Truist Financial reduced their price objective on AAR from $81.00 to $78.00 and set a "buy" rating for the company in a research report on Friday, March 28th. StockNews.com raised shares of AAR from a "sell" rating to a "hold" rating in a report on Saturday, April 19th. 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 report on Wednesday, April 2nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $80.20.

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.