Susquehanna Fundamental Investments LLC Sells 6,102 Shares of AAR Corp. $AIR

Susquehanna Fundamental Investments LLC decreased its position in AAR Corp. (NYSE:AIR) by 12.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,371 shares of the aerospace company’s stock after selling 6,102 shares during the period. Susquehanna Fundamental Investments LLC owned approximately 0.10% of AAR worth $5,913,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of AAR during the 2nd quarter worth approximately $925,068,000. Wellington Management Group LLP lifted its position in shares of AAR by 144.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,486,775 shares of the aerospace company’s stock valued at $133,319,000 after acquiring an additional 878,188 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of AAR during the 2nd quarter valued at $84,251,000. UBS Group AG boosted its stake in AAR by 709.2% during the third quarter. UBS Group AG now owns 488,239 shares of the aerospace company’s stock worth $43,780,000 after acquiring an additional 427,906 shares in the last quarter. Finally, State Street Corp boosted its stake in AAR by 17.1% during the fourth quarter. State Street Corp now owns 2,320,927 shares of the aerospace company’s stock worth $192,150,000 after acquiring an additional 339,595 shares in the last quarter. 90.74% of the stock is currently owned by institutional investors and hedge funds.

AAR Price Performance

Shares of NYSE:AIR opened at $129.26 on Tuesday. The company has a current ratio of 2.84, a quick ratio of 1.24 and a debt-to-equity ratio of 0.52. The stock’s fifty day simple moving average is $138.73 and its two-hundred day simple moving average is $122.96. AAR Corp. has a 1-year low of $73.05 and a 1-year high of $154.00. The stock has a market cap of $5.16 billion, a PE ratio of 26.76 and a beta of 1.11.

AAR (NYSE:AIR) last posted its earnings results on Tuesday, July 21st. The aerospace company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.15. The firm had revenue of $928.00 million during the quarter, compared to analyst estimates of $893.03 million. AAR had a net margin of 5.67% and a return on equity of 12.67%. The business’s revenue was up 23.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.16 EPS. As a group, analysts forecast that AAR Corp. will post 5.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Wall Street Zen downgraded shares of AAR from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Zacks Research upgraded AAR from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. KeyCorp reaffirmed a “sector weight” rating on shares of AAR in a research report on Wednesday, July 22nd. Truist Financial raised their price objective on AAR from $128.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Finally, Jefferies Financial Group upped their target price on AAR from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.60.

AAR Company Profile

AAR Corp. (NYSE: AIR) is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.

In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.