Susquehanna Fundamental Investments LLC lowered its holdings in AAR Corp. (NYSE:AIR – Free Report) by 12.9% during the 2nd quarter, Holdings Channel reports. The firm owned 41,371 shares of the aerospace company’s stock after selling 6,102 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in AAR were worth $5,913,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in AAR during the second quarter worth about $925,068,000. Vanguard Group Inc. increased its stake in shares of AAR by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 4,061,230 shares of the aerospace company’s stock worth $336,229,000 after purchasing an additional 281,871 shares during the last quarter. State Street Corp raised its holdings in shares of AAR by 17.1% in the 4th quarter. State Street Corp now owns 2,320,927 shares of the aerospace company’s stock worth $192,150,000 after purchasing an additional 339,595 shares during the period. Wellington Management Group LLP raised its holdings in shares of AAR by 17.4% in the 4th quarter. Wellington Management Group LLP now owns 1,745,352 shares of the aerospace company’s stock worth $144,498,000 after purchasing an additional 258,577 shares during the period. Finally, Franklin Resources Inc. lifted its stake in AAR by 36.9% in the third quarter. Franklin Resources Inc. now owns 1,154,167 shares of the aerospace company’s stock valued at $107,752,000 after purchasing an additional 311,258 shares during the last quarter. 90.74% of the stock is owned by hedge funds and other institutional investors.
AAR Stock Performance
NYSE:AIR opened at $129.26 on Tuesday. The business’s fifty day moving average is $138.73 and its 200 day moving average is $122.96. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of 26.76 and a beta of 1.11. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.24 and a current ratio of 2.84. AAR Corp. has a 52-week low of $73.05 and a 52-week high of $154.00.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the company. Zacks Research raised AAR from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 10th. Wall Street Zen cut AAR from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings raised AAR from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. Jefferies Financial Group boosted their price objective on AAR from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of AAR in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $135.60.
Read Our Latest Research Report on AIR
About AAR
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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