GSA Capital Partners LLP Takes Position in AAR Corp. $AIR

GSA Capital Partners LLP bought a new stake in AAR Corp. (NYSE:AIR) during the second quarter, HoldingsChannel.com reports. The fund bought 3,815 shares of the aerospace company’s stock, valued at approximately $545,000.

Several other hedge funds have also recently added to or reduced their stakes in AIR. Whittier Trust Co. of Nevada Inc. bought a new position in AAR during the first quarter worth about $25,000. McMillan Office Inc. acquired a new stake in AAR during the fourth quarter valued at approximately $25,000. Osterweis Capital Management Inc. bought a new stake in shares of AAR in the 2nd quarter valued at approximately $26,000. Morse Asset Management Inc bought a new stake in shares of AAR in the 3rd quarter valued at approximately $27,000. Finally, NBC Securities Inc. acquired a new position in shares of AAR in the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 90.74% of the company’s stock.

AAR Stock Performance

NYSE AIR opened at $132.80 on Friday. AAR Corp. has a 1-year low of $71.73 and a 1-year high of $154.00. The company has a 50 day moving average of $138.47 and a 200-day moving average of $121.77. The company has a current ratio of 2.84, a quick ratio of 1.24 and a debt-to-equity ratio of 0.52. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of 27.49 and a beta of 1.11.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on AIR shares. Zacks Research upgraded AAR from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 10th. Jefferies Financial Group upped their price target on AAR from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. KeyCorp reiterated a “sector weight” rating on shares of AAR in a research note on Wednesday, July 22nd. Weiss Ratings raised AAR from a “buy (b-)” rating to a “buy (b)” rating in a 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, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $135.60.

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.