Prudential Financial Inc. Has $5.12 Million Stock Position in AAR Corp. (NYSE:AIR)

Prudential Financial Inc. boosted its position in shares of AAR Corp. (NYSE:AIR - Free Report) by 31.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 83,492 shares of the aerospace company's stock after buying an additional 20,025 shares during the quarter. Prudential Financial Inc. owned approximately 0.23% of AAR worth $5,116,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of AAR by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 3,840,885 shares of the aerospace company's stock valued at $235,369,000 after acquiring an additional 58,694 shares during the period. LPL Financial LLC lifted its position in AAR by 13.3% during the 4th quarter. LPL Financial LLC now owns 11,601 shares of the aerospace company's stock valued at $711,000 after purchasing an additional 1,362 shares during the period. KLP Kapitalforvaltning AS acquired a new position in AAR during the 4th quarter valued at about $453,000. American Century Companies Inc. grew its position in shares of AAR by 2.4% during the 4th quarter. American Century Companies Inc. now owns 893,822 shares of the aerospace company's stock worth $54,773,000 after buying an additional 20,794 shares during the period. Finally, Boston Partners grew its position in shares of AAR by 19.1% during the 4th quarter. Boston Partners now owns 53,938 shares of the aerospace company's stock worth $3,305,000 after buying an additional 8,641 shares during the period. 90.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on AIR. StockNews.com cut shares of AAR from a "hold" rating to a "sell" rating in a research note on Saturday, March 29th. Truist Financial reduced their price target 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, KeyCorp dropped their price objective on AAR from $83.00 to $80.00 and set an "overweight" rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $80.20.

Insider Buying and Selling

In other AAR news, SVP Christopher A. Jessup sold 33,481 shares of the business's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $70.40, for a total value of $2,357,062.40. Following the sale, the senior vice president now owns 63,209 shares in the company, valued at approximately $4,449,913.60. The trade was a 34.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Sean M. Gillen sold 17,385 shares of the firm's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $66.33, for a total transaction of $1,153,147.05. Following the transaction, the chief financial officer now directly owns 72,326 shares of the company's stock, valued at $4,797,383.58. This represents a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 185,793 shares of company stock valued at $12,538,396. Company insiders own 4.10% of the company's stock.

AAR Stock Down 6.5 %

Shares of NYSE:AIR traded down $3.49 during trading on Friday, hitting $50.09. 463,717 shares of the company's stock traded hands, compared to its average volume of 278,264. The company has a 50-day moving average price of $65.05 and a 200-day moving average price of $65.02. AAR Corp. has a 52 week low of $48.80 and a 52 week 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 company has a market cap of $1.81 billion, a price-to-earnings ratio of 178.90 and a beta of 1.32.

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