Bank of Montreal Can Buys 390 Shares of AAR Corp. (NYSE:AIR)

Bank of Montreal Can grew its position in shares of AAR Corp. (NYSE:AIR) by 5.6% during the fourth quarter, Holdings Channel reports. The fund owned 7,387 shares of the aerospace company’s stock after purchasing an additional 390 shares during the period. Bank of Montreal Can’s holdings in AAR were worth $453,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AIR. Smartleaf Asset Management LLC grew its stake in AAR by 124.4% in the fourth 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 during the period. Venturi Wealth Management LLC increased its stake in shares of AAR by 1,965.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,322 shares of the aerospace company’s stock worth $81,000 after acquiring an additional 1,258 shares in the last quarter. Toth Financial Advisory Corp lifted its position in AAR by 133.3% during the 4th quarter. Toth Financial Advisory Corp now owns 1,400 shares of the aerospace company’s stock valued at $86,000 after acquiring an additional 800 shares during the period. KBC Group NV boosted its stake in AAR by 42.5% during 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 in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its holdings in AAR by 52.1% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,711 shares of the aerospace company’s stock worth $166,000 after purchasing an additional 929 shares during the period. Institutional investors own 90.74% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on AIR. KeyCorp cut their price target on AAR from $83.00 to $80.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 2nd. StockNews.com upgraded shares of AAR from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Truist Financial decreased their target price 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. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.20.

AAR Price Performance

NYSE AIR opened at $51.15 on Tuesday. AAR Corp. has a one year low of $46.51 and a one year high of $76.34. The stock has a 50-day moving average of $60.87 and a 200 day moving average of $63.73. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.27 and a current ratio of 2.68. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 182.69 and a beta of 1.32.

AAR (NYSE:AIR) last released its quarterly earnings data on Thursday, March 27th. The aerospace company reported $0.99 earnings per share for the quarter, beating 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 analysts’ expectations of $699.13 million. During the same period in the previous year, the company earned $0.85 earnings per share. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. On average, sell-side analysts forecast that AAR Corp. will post 3.77 EPS for the current 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.