Jupiter Asset Management Ltd. Reduces Stock Holdings in AAR Corp. (NYSE:AIR)

Jupiter Asset Management Ltd. lowered its holdings in AAR Corp. (NYSE:AIRFree Report) by 27.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,132 shares of the aerospace company’s stock after selling 1,547 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in AAR were worth $246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of AIR. Quantbot Technologies LP purchased a new stake in AAR in the first quarter worth approximately $26,000. Point72 Asset Management L.P. purchased a new position in shares of AAR in the 2nd quarter worth $52,000. Point72 Hong Kong Ltd bought a new stake in shares of AAR in the first quarter worth $44,000. Exchange Traded Concepts LLC increased its position in AAR by 56.4% during the third quarter. Exchange Traded Concepts LLC now owns 957 shares of the aerospace company’s stock valued at $57,000 after acquiring an additional 345 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in AAR by 160.8% in the first quarter. Tower Research Capital LLC TRC now owns 1,051 shares of the aerospace company’s stock valued at $57,000 after acquiring an additional 648 shares during the period. 89.87% of the stock is owned by institutional investors.

AAR Trading Up 3.1 %

Shares of NYSE:AIR opened at $63.25 on Monday. AAR Corp. has a 12-month low of $49.06 and a 12-month high of $73.95. The company has a market cap of $2.25 billion, a PE ratio of 32.77 and a beta of 1.67. The stock has a 50 day moving average of $63.22 and a 200 day moving average of $61.91. The company has a current ratio of 3.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.24.

AAR (NYSE:AIRGet Free Report) last announced its quarterly earnings data on Thursday, December 21st. The aerospace company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.01. AAR had a net margin of 3.14% and a return on equity of 10.05%. The firm had revenue of $545.40 million during the quarter, compared to analysts’ expectations of $557.04 million. During the same period in the prior year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. As a group, equities research analysts expect that AAR Corp. will post 3.32 EPS for the current year.

Analyst Upgrades and Downgrades

AIR has been the subject of several research reports. Stifel Nicolaus upped their price target on shares of AAR from $80.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, December 22nd. Truist Financial upped their target price on shares of AAR from $68.00 to $81.00 and gave the company a “buy” rating in a report on Friday, December 22nd. Finally, William Blair assumed coverage on shares of AAR in a research note on Monday, January 29th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $74.25.

Get Our Latest Stock Analysis on AIR

AAR Company Profile

(Free Report)

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. It operates through Aviation Services and Expeditionary Services segments. The Aviation Services segment engages in lease and sale of new, overhauled and repaired engine, and airframe parts and components, as well as aircrafts; and offers customized flight hour component inventory and repair, warranty claim management, and outsourcing programs for engine and airframe parts and components.

Further Reading

Institutional Ownership by Quarter for AAR (NYSE:AIR)

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