Synovus Financial Corp raised its stake in shares of AAR Corp. (NYSE:AIR – Get Rating) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,107 shares of the aerospace company's stock after purchasing an additional 472 shares during the period. Synovus Financial Corp's holdings in AAR were worth $633,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Bank of New York Mellon Corp raised its position in shares of AAR by 4.9% in the 1st quarter. Bank of New York Mellon Corp now owns 417,741 shares of the aerospace company's stock worth $20,231,000 after acquiring an additional 19,617 shares in the last quarter. Bank of Montreal Can raised its position in shares of AAR by 8.0% in the 1st quarter. Bank of Montreal Can now owns 18,177 shares of the aerospace company's stock worth $890,000 after acquiring an additional 1,345 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of AAR by 56.7% in the 1st quarter. MetLife Investment Management LLC now owns 18,230 shares of the aerospace company's stock worth $883,000 after acquiring an additional 6,595 shares in the last quarter. Rhumbline Advisers raised its position in shares of AAR by 4.6% in the 1st quarter. Rhumbline Advisers now owns 110,106 shares of the aerospace company's stock worth $5,332,000 after acquiring an additional 4,874 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of AAR by 14.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,743 shares of the aerospace company's stock worth $1,392,000 after acquiring an additional 3,542 shares in the last quarter. 94.30% of the stock is owned by institutional investors.

Insider Buying and Selling at AAR

In other AAR news, CAO Eric Pachapa sold 12,970 shares of AAR stock in a transaction dated Wednesday, March 29th. The stock was sold at an average price of $54.74, for a total transaction of $709,977.80. Following the completion of the transaction, the chief accounting officer now owns 27,416 shares in the company, valued at approximately $1,500,751.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Eric Pachapa sold 12,970 shares of the business's stock in a transaction that occurred on Wednesday, March 29th. The stock was sold at an average price of $54.74, for a total value of $709,977.80. Following the transaction, the chief accounting officer now owns 27,416 shares in the company, valued at approximately $1,500,751.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jennifer L. Vogel sold 7,000 shares of the business's stock in a transaction that occurred on Monday, March 27th. The stock was sold at an average price of $54.89, for a total value of $384,230.00. Following the completion of the transaction, the director now owns 23,445 shares in the company, valued at approximately $1,286,896.05. The disclosure for this sale can be found here. In the last quarter, insiders sold 136,731 shares of company stock worth $7,389,826. Insiders own 7.74% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AIR shares. Truist Financial lifted their price objective on AAR from $57.00 to $60.00 and gave the stock a "buy" rating in a research report on Wednesday, March 22nd. Benchmark boosted their target price on AAR from $50.00 to $55.00 and gave the company a "buy" rating in a research report on Wednesday, March 22nd. Royal Bank of Canada boosted their target price on AAR from $55.00 to $58.00 and gave the company an "outperform" rating in a research report on Wednesday, March 22nd. Finally, StockNews.com initiated coverage on AAR in a research report on Thursday, March 16th. They issued a "hold" rating for the company. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $57.67.

AAR Stock Performance

Shares of AAR stock opened at $52.78 on Monday. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 20.70 and a beta of 1.59. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.22 and a quick ratio of 1.50. AAR Corp. has a one year low of $33.75 and a one year high of $56.86. The business has a 50-day simple moving average of $53.86 and a 200 day simple moving average of $49.02.

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

About AAR

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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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