AAR Corp. $AIR Shares Sold by Sei Investments Co.

Sei Investments Co. cut its stake in shares of AAR Corp. (NYSE:AIR) by 6.6% in the 1st quarter, Holdings Channel reports. The firm owned 221,153 shares of the aerospace company’s stock after selling 15,616 shares during the quarter. Sei Investments Co.’s holdings in AAR were worth $24,208,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lido Advisors LLC lifted its holdings in shares of AAR by 17.9% in the 1st quarter. Lido Advisors LLC now owns 4,266 shares of the aerospace company’s stock worth $467,000 after purchasing an additional 648 shares during the last quarter. State of Wyoming boosted its position in AAR by 128.2% during the 1st quarter. State of Wyoming now owns 1,326 shares of the aerospace company’s stock valued at $145,000 after purchasing an additional 745 shares during the period. Cetera Investment Advisers grew its stake in AAR by 21.8% during the 1st quarter. Cetera Investment Advisers now owns 11,173 shares of the aerospace company’s stock worth $1,223,000 after buying an additional 1,999 shares during the last quarter. First Trust Advisors LP grew its stake in AAR by 20.4% during the 1st quarter. First Trust Advisors LP now owns 90,749 shares of the aerospace company’s stock worth $9,933,000 after buying an additional 15,345 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in AAR by 1.7% in the first quarter. PNC Financial Services Group Inc. now owns 8,073 shares of the aerospace company’s stock worth $884,000 after buying an additional 132 shares during the period. 90.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AIR shares. KeyCorp reiterated a “sector weight” rating on shares of AAR in a research note on Wednesday, July 22nd. Zacks Research upgraded shares of AAR from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 10th. Jefferies Financial Group increased their price objective on shares of AAR from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Weiss Ratings upgraded shares of AAR from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 23rd. Finally, Truist Financial boosted their target price on shares of AAR from $128.00 to $145.00 and gave the company a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, AAR presently has an average rating of “Moderate Buy” and a consensus target price of $135.60.

AAR Stock Up 3.0%

Shares of AAR stock opened at $140.98 on Wednesday. The business’s fifty day moving average price is $128.20 and its two-hundred day moving average price is $116.92. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.84 and a quick ratio of 1.24. The company has a market capitalization of $5.62 billion, a P/E ratio of 29.19 and a beta of 1.09. AAR Corp. has a 1-year low of $71.43 and a 1-year high of $146.75.

AAR (NYSE:AIR) last announced its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.15. AAR had a return on equity of 12.67% and a net margin of 5.67%.The company had revenue of $928.00 million during the quarter, compared to analyst estimates of $893.03 million. During the same quarter in the previous year, the firm posted $1.16 EPS. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. As a group, research analysts forecast that AAR Corp. will post 5.91 EPS for the current year.

AAR 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.