AAR Corp. (NYSE:AIR) Shares Sold by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC decreased its holdings in shares of AAR Corp. (NYSE:AIR) by 30.0% in the 1st quarter, Holdings Channel.com reports. The fund owned 9,236 shares of the aerospace company’s stock after selling 3,953 shares during the quarter. Greenwood Capital Associates LLC’s holdings in AAR were worth $517,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Putney Financial Group LLC acquired a new stake in AAR during the fourth quarter worth $30,000. Virtus Fund Advisers LLC acquired a new stake in AAR during the fourth quarter worth $36,000. Sterling Capital Management LLC increased its stake in AAR by 761.2% during the fourth quarter. Sterling Capital Management LLC now owns 887 shares of the aerospace company’s stock worth $54,000 after acquiring an additional 784 shares during the last quarter. Smartleaf Asset Management LLC increased its stake 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 acquiring an additional 561 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in AAR by 88.5% during the first quarter. GAMMA Investing LLC now owns 1,131 shares of the aerospace company’s stock worth $63,000 after acquiring an additional 531 shares during the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AIR. Wall Street Zen raised AAR from a “sell” rating to a “hold” rating in a research note on Saturday, April 19th. KeyCorp cut their price objective on AAR from $83.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. Finally, Truist Financial cut their price objective on AAR from $81.00 to $78.00 and set a “buy” rating on the stock in a report on Friday, March 28th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $80.20.

AAR Trading Up 0.5%

AIR opened at $68.57 on Friday. AAR Corp. has a 12 month low of $46.51 and a 12 month high of $76.34. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 244.90 and a beta of 1.43. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.68 and a quick ratio of 1.27. The business has a fifty day moving average price of $58.46 and a 200 day moving average price of $62.91.

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

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.