Allspring Global Investments Holdings LLC Has $10.61 Million Holdings in AAR Corp. (NYSE:AIR)

Allspring Global Investments Holdings LLC decreased its position in AAR Corp. (NYSE:AIR) by 4.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 191,523 shares of the aerospace company’s stock after selling 9,317 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.53% of AAR worth $10,605,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Putney Financial Group LLC acquired a new stake in shares of AAR in the fourth quarter valued at approximately $30,000. Virtus Fund Advisers LLC acquired a new position in AAR in the 4th quarter valued at $36,000. Sterling Capital Management LLC lifted 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 period. Smartleaf Asset Management LLC grew its holdings 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 worth $62,000 after purchasing an additional 561 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of AAR by 88.5% in the first quarter. GAMMA Investing LLC now owns 1,131 shares of the aerospace company’s stock worth $63,000 after purchasing an additional 531 shares during the period. Institutional investors own 90.74% of the company’s stock.

AAR Trading Up 0.5%

NYSE AIR opened at $71.46 on Friday. AAR Corp. has a twelve month low of $46.51 and a twelve month high of $76.34. The business’s fifty day moving average is $63.33 and its 200 day moving average is $63.01. The company has a quick ratio of 1.39, a current ratio of 2.82 and a debt-to-equity ratio of 0.86. The company has a market cap of $2.58 billion, a price-to-earnings ratio of -198.49 and a beta of 1.44.

Wall Street Analyst Weigh In

AIR has been the topic of a number of analyst reports. Truist Financial decreased their target price on shares of AAR from $81.00 to $78.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Wall Street Zen upgraded shares of AAR from a “sell” rating to a “hold” rating in a research report on Saturday, April 19th. Finally, KeyCorp reduced their target price on 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 given a buy rating to the stock. Based on data from MarketBeat.com, AAR presently has a consensus rating of “Moderate Buy” and a consensus target price 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.