First National Bank of Omaha Takes Position in AAR Corp. $AIR

First National Bank of Omaha acquired a new stake in shares of AAR Corp. (NYSE:AIR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 14,791 shares of the aerospace company’s stock, valued at approximately $2,114,000.

Several other hedge funds and other institutional investors have also bought and sold shares of AIR. BlackRock Inc. bought a new position in AAR during the second quarter valued at approximately $925,068,000. Vanguard Group Inc. raised its stake in shares of AAR by 7.5% during the fourth quarter. Vanguard Group Inc. now owns 4,061,230 shares of the aerospace company’s stock worth $336,229,000 after acquiring an additional 281,871 shares in the last quarter. State Street Corp lifted its holdings in shares of AAR by 17.1% in the 4th quarter. State Street Corp now owns 2,320,927 shares of the aerospace company’s stock worth $192,150,000 after acquiring an additional 339,595 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of AAR by 17.4% in the 4th quarter. Wellington Management Group LLP now owns 1,745,352 shares of the aerospace company’s stock worth $144,498,000 after acquiring an additional 258,577 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of 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 purchasing an additional 311,258 shares in the last quarter. Hedge funds and other institutional investors own 90.74% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Weiss Ratings raised shares of AAR from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. KeyCorp reissued 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. Truist Financial upped their price target on shares of AAR from $128.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Finally, Jefferies Financial Group raised their price objective on AAR from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.60.

AAR Stock Performance

Shares of AIR stock opened at $139.29 on Thursday. The company has a market capitalization of $5.56 billion, a P/E ratio of 28.84 and a beta of 1.11. AAR Corp. has a fifty-two week low of $71.67 and a fifty-two week high of $154.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.24 and a current ratio of 2.84. The stock has a 50 day moving average price of $138.36 and a two-hundred day moving average price of $121.58.

AAR (NYSE:AIR) last issued its earnings results on Tuesday, July 21st. The aerospace company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.15. AAR had a net margin of 5.67% and a return on equity of 12.67%. The firm had revenue of $928.00 million for the quarter, compared to analysts’ expectations of $893.03 million. During the same quarter last year, the business earned $1.16 earnings per share. The business’s revenue was up 23.0% on a year-over-year basis. Analysts expect that AAR Corp. will post 5.92 earnings per share for the current year.

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.