Stifel Financial Corp Buys 27,275 Shares of AAR Corp. (NYSE:AIR)

Stifel Financial Corp boosted its position in shares of AAR Corp. (NYSE:AIR) by 119.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,134 shares of the aerospace company’s stock after acquiring an additional 27,275 shares during the period. Stifel Financial Corp’s holdings in AAR were worth $3,072,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Barclays PLC raised its position in shares of AAR by 269.4% during the 3rd quarter. Barclays PLC now owns 66,223 shares of the aerospace company’s stock valued at $4,328,000 after purchasing an additional 48,298 shares during the period. Franklin Resources Inc. raised its holdings in AAR by 13.4% during the third quarter. Franklin Resources Inc. now owns 969,741 shares of the aerospace company’s stock valued at $59,591,000 after acquiring an additional 114,460 shares during the period. Principal Financial Group Inc. lifted its position in shares of AAR by 18.5% in the third quarter. Principal Financial Group Inc. now owns 500,200 shares of the aerospace company’s stock valued at $32,693,000 after acquiring an additional 77,974 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of AAR by 9.7% in the third quarter. JPMorgan Chase & Co. now owns 40,737 shares of the aerospace company’s stock worth $2,663,000 after acquiring an additional 3,612 shares during the period. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in shares of AAR by 37.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 13,625 shares of the aerospace company’s stock worth $835,000 after acquiring an additional 3,737 shares during the period. Hedge funds and other institutional investors own 90.74% of the company’s stock.

AAR Stock Performance

NYSE:AIR opened at $56.80 on Friday. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 202.86 and a beta of 1.32. AAR Corp. has a 1 year low of $46.51 and a 1 year high of $76.34. The stock’s 50 day simple moving average is $58.95 and its two-hundred day simple moving average is $63.18. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.68 and a quick ratio of 1.27.

AAR (NYSE:AIR) last announced its quarterly earnings results on Thursday, March 27th. The aerospace company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.03. AAR had a net margin of 0.41% and a return on equity of 10.46%. The company had revenue of $678.20 million for the quarter, compared to analysts’ expectations of $699.13 million. During the same quarter in the previous year, the business posted $0.85 earnings per share. AAR’s quarterly revenue was up 19.5% on a year-over-year basis. As a group, equities analysts anticipate that AAR Corp. will post 3.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AIR shares. KeyCorp lowered their price target on AAR from $83.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. Truist Financial lowered their target price on shares of AAR from $81.00 to $78.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Finally, StockNews.com raised shares of AAR from a “sell” rating to a “hold” rating in a research note on Saturday, April 19th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.20.

AAR Profile

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Parts Supply segment leases and sells aircraft components and replacement parts. The Repair & Engineering segment provides airframe maintenance services, such as airframe inspection, painting, line maintenance, airframe modification, structural repair, avionics service and installation, exterior and interior refurbishment, and engineering and support services; component repair services comprising maintenance, repair, and overhaul (MRO) services, engine and airframe accessories, and interior refurbishment; and landing gear overhaul services, including repair services on wheels and brakes.