AAR Corp. (NYSE:AIR) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in AAR Corp. (NYSE:AIR - Free Report) by 215.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 128,676 shares of the aerospace company's stock after buying an additional 87,939 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.36% of AAR worth $7,885,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AIR. Franklin Resources Inc. lifted its holdings in AAR by 13.4% in 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 during the last quarter. Raymond James Financial Inc. acquired a new position in shares of AAR in the 4th quarter valued at $6,849,000. Principal Financial Group Inc. grew its holdings in shares of AAR by 18.5% during the 3rd quarter. Principal Financial Group Inc. now owns 500,200 shares of the aerospace company's stock worth $32,693,000 after purchasing an additional 77,974 shares during the period. Vanguard Group Inc. increased its position in shares of AAR by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 3,840,885 shares of the aerospace company's stock worth $235,369,000 after purchasing an additional 58,694 shares during the last quarter. Finally, Great Lakes Advisors LLC purchased a new stake in AAR in the 4th quarter valued at about $3,104,000. 90.74% of the stock is owned by institutional investors and hedge funds.

AAR Stock Down 0.2 %

AIR traded down $0.10 during trading hours on Tuesday, hitting $50.92. 302,369 shares of the company's stock were exchanged, compared to its average volume of 277,171. The firm has a market cap of $1.84 billion, a P/E ratio of 181.86 and a beta of 1.32. AAR Corp. has a 12-month low of $46.51 and a 12-month 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 50 day moving average of $60.56 and a 200 day moving average of $63.64.

AAR (NYSE:AIR - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The aerospace company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.96 by $0.03. The business had revenue of $678.20 million for the quarter, compared to analyst estimates of $699.13 million. AAR had a return on equity of 10.46% and a net margin of 0.41%. The company's revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 earnings per share. Analysts predict that AAR Corp. will post 3.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

AAR Company Profile

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.