AAR Corp. $AIR Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. boosted its holdings in shares of AAR Corp. (NYSE:AIR) by 2,853.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,161 shares of the aerospace company’s stock after buying an additional 16,580 shares during the period. Rockefeller Capital Management L.P.’s holdings in AAR were worth $1,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in shares of AAR by 144.3% during the third quarter. Wellington Management Group LLP now owns 1,486,775 shares of the aerospace company’s stock worth $133,319,000 after acquiring an additional 878,188 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of AAR by 297.4% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 594,668 shares of the aerospace company’s stock valued at $49,233,000 after acquiring an additional 445,026 shares in the last quarter. UBS Group AG raised its position in shares of AAR by 709.2% in the 3rd quarter. UBS Group AG now owns 488,239 shares of the aerospace company’s stock valued at $43,780,000 after purchasing an additional 427,906 shares during the last quarter. State Street Corp raised its position 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 valued at $192,150,000 after purchasing an additional 339,595 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of AAR by 36.9% in the 3rd 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 currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Weiss Ratings raised shares of AAR from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 15th. Wall Street Zen lowered shares of AAR from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. KeyCorp downgraded AAR from an “overweight” rating to a “sector weight” rating in a research report on Tuesday. Jefferies Financial Group raised their target price on AAR to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, March 24th. Finally, Truist Financial upgraded AAR to a “strong-buy” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, AAR has an average rating of “Moderate Buy” and an average price target of $131.20.

AAR Stock Up 0.1%

AIR opened at $143.14 on Thursday. AAR Corp. has a fifty-two week low of $68.67 and a fifty-two week high of $146.75. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.23 and a current ratio of 2.70. The company has a fifty day moving average of $118.76 and a two-hundred day moving average of $110.11. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of 31.74 and a beta of 1.09.

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.