Marshall Wace LLP Grows Stock Position in AAR Corp. (NYSE:AIR)

Marshall Wace LLP raised its holdings in shares of AAR Corp. (NYSE:AIR - Free Report) by 136.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,515 shares of the aerospace company's stock after acquiring an additional 65,580 shares during the quarter. Marshall Wace LLP owned approximately 0.32% of AAR worth $6,956,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Sterling Capital Management LLC increased its stake in shares of AAR by 761.2% during the 4th quarter. Sterling Capital Management LLC now owns 887 shares of the aerospace company's stock worth $54,000 after purchasing an additional 784 shares in the last quarter. Smartleaf Asset Management LLC increased its position in AAR by 124.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the aerospace company's stock worth $62,000 after buying an additional 561 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of AAR by 1,965.6% in the fourth quarter. Venturi Wealth Management LLC now owns 1,322 shares of the aerospace company's stock worth $81,000 after acquiring an additional 1,258 shares during the last quarter. Toth Financial Advisory Corp lifted its position in shares of AAR by 133.3% in the fourth quarter. Toth Financial Advisory Corp now owns 1,400 shares of the aerospace company's stock valued at $86,000 after acquiring an additional 800 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of AAR by 42.5% during the fourth quarter. KBC Group NV now owns 1,887 shares of the aerospace company's stock valued at $116,000 after acquiring an additional 563 shares during the last quarter. Institutional investors and hedge funds own 90.74% of the company's stock.

Analyst Ratings Changes

AIR has been the topic of a number of recent research reports. Truist Financial reduced their target price on shares of AAR from $81.00 to $78.00 and set a "buy" rating on the stock in a report on Friday, March 28th. KeyCorp decreased their target price on shares of AAR from $83.00 to $80.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Finally, StockNews.com upgraded AAR from a "sell" rating to a "hold" rating in a report on Saturday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $80.20.

AAR Price Performance

AAR stock opened at $50.92 on Wednesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.27 and a current ratio of 2.68. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 181.86 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 firm has a 50 day moving average price of $60.56 and a 200 day moving average price of $63.64.

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

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.

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