Dupont Capital Management Corp grew its position in AAR Corp. (NYSE:AIR – Get Rating) by 91.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,002 shares of the aerospace company's stock after purchasing an additional 2,866 shares during the period. Dupont Capital Management Corp's holdings in AAR were worth $269,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of AAR by 10.7% in the 1st quarter. BlackRock Inc. now owns 6,239,962 shares of the aerospace company's stock valued at $302,202,000 after purchasing an additional 601,462 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of AAR by 2.1% in the third quarter. Vanguard Group Inc. now owns 3,681,203 shares of the aerospace company's stock valued at $131,861,000 after buying an additional 76,758 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of AAR by 1.3% in the third quarter. Dimensional Fund Advisors LP now owns 2,744,045 shares of the aerospace company's stock valued at $98,292,000 after buying an additional 36,061 shares during the last quarter. State Street Corp raised its holdings in shares of AAR by 32.1% in the first quarter. State Street Corp now owns 2,209,912 shares of the aerospace company's stock valued at $107,026,000 after buying an additional 537,011 shares during the last quarter. Finally, Rubric Capital Management LP raised its holdings in shares of AAR by 29.5% in the third quarter. Rubric Capital Management LP now owns 1,435,255 shares of the aerospace company's stock valued at $51,411,000 after buying an additional 326,965 shares during the last quarter. Institutional investors and hedge funds own 94.30% of the company's stock.

AAR Stock Performance

Shares of NYSE:AIR opened at $53.57 on Wednesday. The stock has a market capitalization of $1.86 billion, a P/E ratio of 21.01 and a beta of 1.59. AAR Corp. has a 1-year low of $33.75 and a 1-year 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 business has a 50-day moving average price of $53.56 and a two-hundred day moving average price of $47.50.

AAR (NYSE:AIR – Get Rating) last announced its quarterly earnings data on Tuesday, March 21st. The aerospace company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.07. The firm had revenue of $521.10 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.63 EPS. Equities analysts predict that AAR Corp. will post 2.85 earnings per share for the current year.

Insider Activity

In other news, VP Christopher A. Jessup sold 11,959 shares of the company's stock in a transaction dated Monday, March 27th. The stock was sold at an average price of $55.02, for a total value of $657,984.18. Following the completion of the sale, the vice president now directly owns 44,691 shares of the company's stock, valued at approximately $2,458,898.82. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related 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 completion of the transaction, the chief accounting officer now directly owns 27,416 shares in the company, valued at approximately $1,500,751.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher A. Jessup sold 11,959 shares of the business's stock in a transaction that occurred on Monday, March 27th. The shares were sold at an average price of $55.02, for a total value of $657,984.18. Following the completion of the transaction, the vice president now owns 44,691 shares of the company's stock, valued at $2,458,898.82. The disclosure for this sale can be found here. Insiders sold a total of 171,731 shares of company stock valued at $9,096,628 in the last ninety days. 7.74% of the stock is owned by insiders.

Analyst Ratings Changes

AIR has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their price target on AAR from $55.00 to $58.00 and gave the company an "outperform" rating in a report on Wednesday, March 22nd. Truist Financial lifted their price target on AAR from $57.00 to $60.00 and gave the company a "buy" rating in a report on Wednesday, March 22nd. Benchmark lifted their price target on AAR from $50.00 to $55.00 and gave the company a "buy" rating in a report on Wednesday, March 22nd. Finally, StockNews.com began coverage on AAR in a report on Thursday, March 16th. They set a "hold" rating for the company. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, AAR has an average rating of "Moderate Buy" and an average price target of $57.67.

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.

Further Reading

• Get a free copy of the StockNews.com research report on AAR (AIR)
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