AAR Corp. $AIR Stock Position Lifted by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in shares of AAR Corp. (NYSE:AIR) by 24.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,579 shares of the aerospace company’s stock after purchasing an additional 6,075 shares during the period. SG Americas Securities LLC’s holdings in AAR were worth $3,347,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Lido Advisors LLC grew its position in AAR by 2.8% in the 4th quarter. Lido Advisors LLC now owns 3,618 shares of the aerospace company’s stock valued at $318,000 after buying an additional 98 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of AAR by 12.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,162 shares of the aerospace company’s stock worth $97,000 after buying an additional 126 shares in the last quarter. CWM LLC raised its position in shares of AAR by 19.3% during the 4th quarter. CWM LLC now owns 950 shares of the aerospace company’s stock worth $79,000 after buying an additional 154 shares in the last quarter. Captrust Financial Advisors lifted its stake in shares of AAR by 5.2% in the 4th quarter. Captrust Financial Advisors now owns 3,395 shares of the aerospace company’s stock worth $281,000 after acquiring an additional 168 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of AAR by 5.2% in the 4th quarter. Russell Investments Group Ltd. now owns 3,432 shares of the aerospace company’s stock worth $284,000 after acquiring an additional 171 shares during the period. 90.74% of the stock is currently owned by institutional investors.

AAR Stock Performance

Shares of AIR opened at $143.09 on Wednesday. The firm’s 50 day moving average is $118.33 and its 200-day moving average is $109.70. The stock has a market capitalization of $5.69 billion, a P/E ratio of 31.73 and a beta of 1.13. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.70 and a quick ratio of 1.23. AAR Corp. has a 12-month low of $68.30 and a 12-month high of $143.46.

Analysts Set New Price Targets

AIR has been the topic of a number of research analyst reports. KeyCorp lowered shares of AAR from an “overweight” rating to a “sector weight” rating in a research note on Tuesday. Royal Bank Of Canada upped their target price on AAR from $105.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 25th. Wall Street Zen lowered AAR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Truist Financial upgraded AAR to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Zacks Research downgraded AAR from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $131.20.

AAR Company Profile

AAR Corp. (NYSE: AIR) is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.

In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.