AAR Corp. $AIR Stake Boosted by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in AAR Corp. (NYSE:AIR) by 24.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,579 shares of the aerospace company’s stock after purchasing an additional 6,075 shares during the quarter. SG Americas Securities LLC owned approximately 0.08% of AAR worth $3,347,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rockefeller Capital Management L.P. lifted its position in shares of AAR by 2,853.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 17,161 shares of the aerospace company’s stock worth $1,421,000 after buying an additional 16,580 shares during the last quarter. Corient Private Wealth LLC acquired a new stake in AAR during the fourth quarter worth about $244,000. Sit Investment Associates Inc. bought a new position in AAR in the fourth quarter worth about $356,000. Dean Capital Management lifted its holdings in AAR by 34.1% in the fourth quarter. Dean Capital Management now owns 23,504 shares of the aerospace company’s stock worth $1,946,000 after acquiring an additional 5,974 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in AAR by 7.7% in the fourth quarter. Invesco Ltd. now owns 1,122,792 shares of the aerospace company’s stock valued at $92,956,000 after acquiring an additional 80,265 shares during the period. 90.74% of the stock is owned by institutional investors and hedge funds.

AAR Price Performance

Shares of NYSE:AIR opened at $143.09 on Wednesday. The firm’s 50 day moving average is $118.33 and its two-hundred day moving average is $109.70. AAR Corp. has a 52 week low of $68.30 and a 52 week high of $143.46. The firm 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 current ratio of 2.70, a quick ratio of 1.23 and a debt-to-equity ratio of 0.54.

Analyst Upgrades and Downgrades

AIR has been the topic of a number of research reports. Zacks Research cut AAR from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Wall Street Zen lowered AAR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Royal Bank Of Canada upped their price objective on AAR from $105.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 25th. Truist Financial raised AAR to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Jefferies Financial Group raised their target price on AAR to $150.00 and gave the company a “buy” rating in a research note on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company 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.