Csenge Advisory Group bought a new position in AAR Corp. (NYSE:AIR – Free Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 8,862 shares of the aerospace company’s stock, valued at approximately $1,267,000.
Other hedge funds have also added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of AAR during the first quarter valued at about $25,000. McMillan Office Inc. bought a new position in shares of AAR in the fourth quarter valued at approximately $25,000. Osterweis Capital Management Inc. bought a new position in shares of AAR in the second quarter valued at approximately $26,000. Morse Asset Management Inc purchased a new position in AAR during the third quarter valued at approximately $27,000. Finally, NBC Securities Inc. purchased a new position in AAR during the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 90.74% of the company’s stock.
AAR Price Performance
Shares of AAR stock opened at $139.29 on Thursday. AAR Corp. has a 52-week low of $71.67 and a 52-week high of $154.00. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 28.84 and a beta of 1.11. The company has a fifty day moving average of $138.36 and a 200-day moving average of $121.58. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.24 and a current ratio of 2.84.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Weiss Ratings raised shares of AAR from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. Jefferies Financial Group boosted their price target on shares of AAR from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Truist Financial upped their price target on shares of AAR from $128.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, July 27th. KeyCorp reiterated a “sector weight” rating on shares of AAR in a research report on Wednesday, July 22nd. Finally, Wall Street Zen lowered AAR from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $135.60.
View Our Latest Stock Report on AIR
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.
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