Cetera Investment Advisers Invests $341,000 in AAR Corp. (NYSE:AIR)

Cetera Investment Advisers bought a new position in AAR Corp. (NYSE:AIRFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,569 shares of the aerospace company’s stock, valued at approximately $341,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AIR. Barclays PLC lifted its holdings in shares of AAR by 269.4% in the third quarter. Barclays PLC now owns 66,223 shares of the aerospace company’s stock worth $4,328,000 after acquiring an additional 48,298 shares during the last quarter. KBC Group NV lifted its holdings in shares of AAR by 42.5% in the fourth quarter. KBC Group NV now owns 1,887 shares of the aerospace company’s stock worth $116,000 after acquiring an additional 563 shares during the last quarter. Caprock Group LLC bought a new position in shares of AAR in the fourth quarter worth about $208,000. Stanley Laman Group Ltd. raised its holdings in AAR by 2.2% in the 4th quarter. Stanley Laman Group Ltd. now owns 77,371 shares of the aerospace company’s stock valued at $4,741,000 after buying an additional 1,649 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in AAR by 0.4% during the 4th quarter. Rhumbline Advisers now owns 115,867 shares of the aerospace company’s stock worth $7,100,000 after buying an additional 455 shares during the period. Institutional investors own 90.74% of the company’s stock.

AAR Stock Down 1.0%

NYSE:AIR opened at $62.09 on Friday. The firm’s 50 day simple moving average is $57.02 and its 200 day simple moving average is $63.05. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.68 and a quick ratio of 1.27. AAR Corp. has a one year low of $46.51 and a one year high of $76.34. The company has a market cap of $2.24 billion, a PE ratio of 221.76 and a beta of 1.40.

AAR (NYSE:AIRGet Free Report) last released its quarterly earnings results on Thursday, March 27th. The aerospace company reported $0.99 earnings per share (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 firm had revenue of $678.20 million during the quarter, compared to analyst estimates of $699.13 million. During the same quarter last year, the business earned $0.85 EPS. The company’s revenue was up 19.5% compared to the same quarter last year. On average, research analysts anticipate that AAR Corp. will post 3.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Truist Financial cut their target price on shares of AAR from $81.00 to $78.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. 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. Finally, Wall Street Zen upgraded shares of AAR from a “sell” rating to a “hold” rating in a research report on Saturday, April 19th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, AAR currently has a consensus rating of “Moderate Buy” and an average price target of $80.20.

View Our Latest Stock Analysis on AAR

AAR Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AAR (NYSE:AIR)

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