Allspring Global Investments Holdings LLC lowered its holdings in AAR Corp. (NYSE:AIR – Get Rating) by 11.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,969 shares of the aerospace company's stock after selling 791 shares during the period. Allspring Global Investments Holdings LLC's holdings in AAR were worth $268,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Oregon Public Employees Retirement Fund grew its holdings in shares of AAR by 2.2% in the third quarter. Oregon Public Employees Retirement Fund now owns 11,157 shares of the aerospace company's stock valued at $400,000 after purchasing an additional 245 shares in the last quarter. Maryland State Retirement & Pension System grew its holdings in AAR by 1.9% during the 3rd quarter. Maryland State Retirement & Pension System now owns 13,656 shares of the aerospace company's stock worth $489,000 after acquiring an additional 249 shares in the last quarter. Texas Permanent School Fund grew its holdings in AAR by 1.0% during the 3rd quarter. Texas Permanent School Fund now owns 24,193 shares of the aerospace company's stock worth $867,000 after acquiring an additional 250 shares in the last quarter. Amalgamated Bank grew its holdings in AAR by 1.9% during the 3rd quarter. Amalgamated Bank now owns 15,251 shares of the aerospace company's stock worth $546,000 after acquiring an additional 282 shares in the last quarter. Finally, Captrust Financial Advisors grew its holdings in AAR by 11.3% during the 2nd quarter. Captrust Financial Advisors now owns 3,625 shares of the aerospace company's stock worth $152,000 after acquiring an additional 369 shares in the last quarter. Institutional investors and hedge funds own 94.30% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Royal Bank of Canada boosted their price target on shares of AAR from $55.00 to $58.00 and gave the stock an "outperform" rating in a report on Wednesday, March 22nd. Truist Financial boosted their price target on shares of AAR from $57.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday, March 22nd. StockNews.com assumed coverage on shares of AAR in a report on Thursday, March 16th. They set a "hold" rating for the company. Finally, Benchmark boosted their price target on shares of AAR from $50.00 to $55.00 and gave the stock a "buy" rating in a report on Wednesday, March 22nd. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, AAR has an average rating of "Moderate Buy" and a consensus price target of $57.67.

AAR Trading Down 0.0 %

Shares of AAR stock opened at $54.53 on Thursday. The company has a fifty day simple moving average of $53.86 and a 200-day simple moving average of $48.21. AAR Corp. has a 12-month low of $33.75 and a 12-month high of $56.86. The company has a current ratio of 3.22, a quick ratio of 1.50 and a debt-to-equity ratio of 0.17. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 21.38 and a beta of 1.59.

AAR (NYSE:AIR – Get Rating) last issued its earnings results on Tuesday, March 21st. The aerospace company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.07. AAR had a net margin of 4.75% and a return on equity of 9.46%. The business had revenue of $521.10 million during the quarter, compared to analysts' expectations of $487.41 million. During the same quarter in the prior year, the business posted $0.63 EPS. The company's revenue for the quarter was up 15.2% on a year-over-year basis. On average, equities analysts forecast that AAR Corp. will post 2.85 EPS for the current fiscal year.

Insider Activity at AAR

In related news, CFO Sean M. Gillen sold 20,250 shares of the company's stock in a transaction on Thursday, March 23rd. The shares were sold at an average price of $54.05, for a total value of $1,094,512.50. Following the completion of the sale, the chief financial officer now owns 45,300 shares in the company, valued at approximately $2,448,465. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other AAR news, CEO John Mcclain Holmes III sold 14,233 shares of the company's stock in a transaction on Friday, January 20th. The shares were sold at an average price of $48.03, for a total transaction of $683,610.99. Following the completion of the transaction, the chief executive officer now owns 268,611 shares in the company, valued at approximately $12,901,386.33. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sean M. Gillen sold 20,250 shares of the company's stock in a transaction on Thursday, March 23rd. The stock was sold at an average price of $54.05, for a total transaction of $1,094,512.50. Following the transaction, the chief financial officer now owns 45,300 shares of the company's stock, valued at approximately $2,448,465. The disclosure for this sale can be found here. Insiders sold a total of 150,964 shares of company stock worth $8,073,437 in the last 90 days. 7.74% of the stock is owned by insiders.

AAR Profile

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AAR Corp. engages in the provision of products and services to commercial aviation and government and defense industries. It operates through the following segments: Aviation Services and Expeditionary Services. The Aviation Services segment consists of aftermarket support and services businesses that provide spares and maintenance support for aircraft operated by commercial and government/defense customers.

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