AAR Corp. $AIR Shares Purchased by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust boosted its stake in shares of AAR Corp. (NYSE:AIR) by 10.9% in the first quarter, Holdings Channel reports. The fund owned 280,257 shares of the aerospace company’s stock after purchasing an additional 27,485 shares during the period. AAR accounts for about 1.5% of Emerald Mutual Fund Advisers Trust’s portfolio, making the stock its 11th biggest position. Emerald Mutual Fund Advisers Trust’s holdings in AAR were worth $30,677,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of AAR during the first quarter worth $25,000. McMillan Office Inc. acquired a new position in AAR in the 4th quarter valued at $25,000. Osterweis Capital Management Inc. purchased a new position in AAR during the 2nd quarter worth $26,000. Morse Asset Management Inc purchased a new position in AAR during the 3rd quarter worth $27,000. Finally, NBC Securities Inc. acquired a new stake in shares of AAR in the 4th quarter worth $28,000. 90.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AIR has been the topic of several recent analyst reports. Zacks Research cut AAR from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. KeyCorp cut AAR from an “overweight” rating to a “sector weight” rating in a report on Tuesday, June 30th. Truist Financial upgraded AAR to a “strong-buy” rating in a research note on Friday, May 1st. Weiss Ratings lowered AAR from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, July 8th. Finally, Wall Street Zen cut AAR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.20.

AAR Trading Down 3.5%

Shares of AIR opened at $130.96 on Tuesday. AAR Corp. has a twelve month low of $71.43 and a twelve month high of $146.75. The company has a current ratio of 2.70, a quick ratio of 1.23 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $5.21 billion, a P/E ratio of 29.04 and a beta of 1.09. The firm’s 50-day moving average is $122.99 and its two-hundred day moving average is $113.15.

AAR Company Profile

AAR Corp. (NYSE: AIR) is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.

In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.