Barclays PLC Grows Holdings in AAR Corp. (NYSE:AIR)

Barclays PLC boosted its holdings in shares of AAR Corp. (NYSE:AIR - Free Report) by 48.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,410 shares of the aerospace company's stock after acquiring an additional 32,187 shares during the period. Barclays PLC owned 0.27% of AAR worth $6,030,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of AAR by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 3,840,885 shares of the aerospace company's stock worth $235,369,000 after buying an additional 58,694 shares during the last quarter. Invesco Ltd. grew its stake in shares of AAR by 13.5% in the fourth quarter. Invesco Ltd. now owns 1,070,618 shares of the aerospace company's stock worth $65,607,000 after acquiring an additional 127,148 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of AAR by 13.4% during the third quarter. Franklin Resources Inc. now owns 969,741 shares of the aerospace company's stock valued at $59,591,000 after acquiring an additional 114,460 shares in the last quarter. American Century Companies Inc. raised its position in shares of AAR by 2.4% in the 4th quarter. American Century Companies Inc. now owns 893,822 shares of the aerospace company's stock worth $54,773,000 after purchasing an additional 20,794 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in AAR by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 799,766 shares of the aerospace company's stock worth $49,020,000 after purchasing an additional 2,804 shares in the last quarter. Hedge funds and other institutional investors own 90.74% of the company's stock.

AAR Price Performance

Shares of AIR opened at $52.83 on Friday. The firm has a market cap of $1.91 billion, a PE ratio of 188.69 and a beta of 1.32. AAR Corp. has a 1-year low of $46.51 and a 1-year high of $76.34. The company has a current ratio of 2.68, a quick ratio of 1.27 and a debt-to-equity ratio of 0.84. The firm has a fifty day simple moving average of $59.81 and a two-hundred day simple moving average of $63.40.

AAR (NYSE:AIR - Get Free Report) last announced its earnings results on Thursday, March 27th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.03. The business had revenue of $678.20 million for the quarter, compared to analysts' expectations of $699.13 million. AAR had a return on equity of 10.46% and a net margin of 0.41%. The business's revenue for the quarter was up 19.5% on a year-over-year basis. During the same period last year, the firm posted $0.85 earnings per share. On average, equities analysts anticipate that AAR Corp. will post 3.77 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on AIR shares. KeyCorp decreased their target price on shares of AAR from $83.00 to $80.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Truist Financial lowered their price objective on AAR from $81.00 to $78.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Finally, StockNews.com raised AAR from a "sell" rating to a "hold" rating in a report on Saturday, April 19th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $80.20.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Parts Supply segment leases and sells aircraft components and replacement parts. The Repair & Engineering segment provides airframe maintenance services, such as airframe inspection, painting, line maintenance, airframe modification, structural repair, avionics service and installation, exterior and interior refurbishment, and engineering and support services; component repair services comprising maintenance, repair, and overhaul (MRO) services, engine and airframe accessories, and interior refurbishment; and landing gear overhaul services, including repair services on wheels and brakes.

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