Public Employees Retirement System of Ohio Trims Stock Position in AAR Corp. $AIR

Public Employees Retirement System of Ohio lessened its position in shares of AAR Corp. (NYSE:AIRFree Report) by 20.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,329 shares of the aerospace company’s stock after selling 6,624 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.06% of AAR worth $2,773,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Lido Advisors LLC boosted its holdings 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 purchasing an additional 98 shares during the period. Smartleaf Asset Management LLC raised its position in shares of AAR by 12.2% in the fourth 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. PNC Financial Services Group Inc. boosted its stake in AAR by 1.7% during the first quarter. PNC Financial Services Group Inc. now owns 8,073 shares of the aerospace company’s stock valued at $884,000 after buying an additional 132 shares during the period. CWM LLC grew its position in AAR by 19.3% during the fourth 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. Finally, Assetmark Inc. increased its stake in AAR by 10.7% in the 1st quarter. Assetmark Inc. now owns 1,606 shares of the aerospace company’s stock worth $176,000 after acquiring an additional 155 shares during the last quarter. 90.74% of the stock is currently owned by hedge funds and other institutional investors.

AAR Stock Up 0.4%

NYSE AIR opened at $140.00 on Friday. AAR Corp. has a 1 year low of $71.43 and a 1 year high of $146.75. The stock has a market capitalization of $5.58 billion, a PE ratio of 28.98 and a beta of 1.09. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.84 and a quick ratio of 1.24. The business’s 50-day moving average is $130.00 and its 200 day moving average is $117.66.

AAR (NYSE:AIRGet Free Report) last released its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.15. AAR had a return on equity of 12.67% and a net margin of 5.67%.The business had revenue of $928.00 million during the quarter, compared to analyst estimates of $893.03 million. During the same quarter in the prior year, the company posted $1.16 EPS. AAR’s quarterly revenue was up 23.0% compared to the same quarter last year. Sell-side analysts forecast that AAR Corp. will post 5.92 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. KeyCorp reiterated a “sector weight” rating on shares of AAR in a research report on Wednesday, July 22nd. Weiss Ratings upgraded shares of AAR from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 23rd. Jefferies Financial Group raised their price target on AAR from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Truist Financial lifted their price target on shares of AAR from $128.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Finally, Zacks Research upgraded AAR from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.60.

Read Our Latest Analysis on AIR

About AAR

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for AAR (NYSE:AIR)

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