Janus Henderson Group PLC Acquires 39,505 Shares of AAR Corp. (NYSE:AIR)

Janus Henderson Group PLC lifted its holdings in AAR Corp. (NYSE:AIR) by 11.3% in the fourth quarter, Holdings Channel reports. The fund owned 389,313 shares of the aerospace company’s stock after purchasing an additional 39,505 shares during the quarter. Janus Henderson Group PLC’s holdings in AAR were worth $23,858,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sterling Capital Management LLC lifted its holdings in shares of AAR by 761.2% in the 4th quarter. Sterling Capital Management LLC now owns 887 shares of the aerospace company’s stock valued at $54,000 after acquiring an additional 784 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of AAR by 124.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the aerospace company’s stock valued at $62,000 after buying an additional 561 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of AAR in the fourth quarter worth approximately $80,000. Venturi Wealth Management LLC lifted its stake in shares of AAR by 1,965.6% during the 4th quarter. Venturi Wealth Management LLC now owns 1,322 shares of the aerospace company’s stock worth $81,000 after acquiring an additional 1,258 shares during the last quarter. Finally, Toth Financial Advisory Corp lifted its stake in shares of AAR by 133.3% during the 4th quarter. Toth Financial Advisory Corp now owns 1,400 shares of the aerospace company’s stock worth $86,000 after acquiring an additional 800 shares during the last quarter. Institutional investors own 90.74% of the company’s stock.

AAR Stock Performance

Shares of NYSE:AIR opened at $62.14 on Friday. The firm has a market cap of $2.24 billion, a PE ratio of 221.94 and a beta of 1.40. The firm’s 50 day simple moving average is $58.24 and its 200-day simple moving average is $63.08. AAR Corp. has a one year low of $46.51 and a one year high of $76.34. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.27 and a current ratio of 2.68.

AAR (NYSE:AIR) last issued its quarterly earnings data on Thursday, March 27th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.03. The company had revenue of $678.20 million for the quarter, compared to analyst estimates of $699.13 million. AAR had a net margin of 0.41% and a return on equity of 10.46%. AAR’s revenue was up 19.5% compared to the same quarter last year. During the same period last year, the company posted $0.85 earnings per share. As a group, equities analysts predict that AAR Corp. will post 3.77 EPS for the current year.

Wall Street Analyst Weigh In

AIR has been the subject of a number of research analyst reports. Truist Financial decreased their price target on AAR from $81.00 to $78.00 and set a “buy” rating for the company in a research note on Friday, March 28th. StockNews.com raised AAR from a “sell” rating to a “hold” rating in a research note on Saturday, April 19th. Finally, KeyCorp decreased their price target on AAR from $83.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, April 2nd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.