AAR Corp. $AIR Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lifted its stake in shares of AAR Corp. (NYSE:AIR) by 2,853.7% during the 4th quarter, HoldingsChannel reports. The firm owned 17,161 shares of the aerospace company’s stock after purchasing an additional 16,580 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in AAR were worth $1,421,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Wellington Management Group LLP increased its holdings in shares of AAR by 144.3% in the third quarter. Wellington Management Group LLP now owns 1,486,775 shares of the aerospace company’s stock valued at $133,319,000 after purchasing an additional 878,188 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in AAR by 297.4% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 594,668 shares of the aerospace company’s stock worth $49,233,000 after buying an additional 445,026 shares in the last quarter. UBS Group AG boosted its stake in AAR by 709.2% during the third quarter. UBS Group AG now owns 488,239 shares of the aerospace company’s stock worth $43,780,000 after buying an additional 427,906 shares during the last quarter. State Street Corp boosted its stake in AAR by 17.1% during the fourth quarter. State Street Corp now owns 2,320,927 shares of the aerospace company’s stock worth $192,150,000 after buying an additional 339,595 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in AAR by 36.9% in the 3rd quarter. Franklin Resources Inc. now owns 1,154,167 shares of the aerospace company’s stock valued at $107,752,000 after buying an additional 311,258 shares in the last quarter. 90.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AIR has been the subject of a number of recent research reports. KeyCorp downgraded AAR from an “overweight” rating to a “sector weight” rating in a research note on Tuesday. Royal Bank Of Canada boosted their price target on shares of AAR from $105.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, March 25th. Zacks Research lowered shares of AAR from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Truist Financial upgraded shares of AAR to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Weiss Ratings raised shares of AAR from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.20.

AAR Stock Performance

Shares of AAR stock opened at $143.14 on Thursday. The firm has a market cap of $5.69 billion, a PE ratio of 31.74 and a beta of 1.09. The company has a quick ratio of 1.23, a current ratio of 2.70 and a debt-to-equity ratio of 0.54. AAR Corp. has a 52 week low of $68.67 and a 52 week high of $146.75. The business’s fifty day simple moving average is $118.76 and its 200-day simple moving average is $110.11.

About AAR

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.