Ameriprise Financial Inc. Has $9.56 Million Stake in AAR Corp. (NYSE:AIR)

Ameriprise Financial Inc. lessened its holdings in AAR Corp. (NYSE:AIR - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 156,037 shares of the aerospace company's stock after selling 10,189 shares during the quarter. Ameriprise Financial Inc. owned 0.43% of AAR worth $9,562,000 as of its most recent SEC filing.

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Several other large investors have also bought and sold shares of the business. Barclays PLC boosted its position in AAR by 269.4% in the third quarter. Barclays PLC now owns 66,223 shares of the aerospace company's stock valued at $4,328,000 after buying an additional 48,298 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of AAR by 9.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 40,737 shares of the aerospace company's stock valued at $2,663,000 after acquiring an additional 3,612 shares in the last quarter. ZWJ Investment Counsel Inc. acquired a new stake in shares of AAR during the 4th quarter valued at $203,000. Sheets Smith Wealth Management boosted its holdings in shares of AAR by 3.2% during the 4th quarter. Sheets Smith Wealth Management now owns 7,015 shares of the aerospace company's stock valued at $430,000 after acquiring an additional 220 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of AAR during the fourth quarter valued at about $1,539,000. 90.74% of the stock is owned by institutional investors and hedge funds.

AAR Stock Down 1.8%

Shares of NYSE:AIR opened at $61.83 on Wednesday. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 220.83 and a beta of 1.40. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.68 and a quick ratio of 1.27. The business's 50-day moving average is $58.03 and its 200-day moving average is $63.16. AAR Corp. has a 1 year low of $46.51 and a 1 year high of $76.34.

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AAR (NYSE:AIR - Get Free Report) last issued its quarterly earnings results 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. AAR had a return on equity of 10.46% and a net margin of 0.41%. The firm had revenue of $678.20 million for the quarter, compared to analyst estimates of $699.13 million. During the same period in the previous year, the firm earned $0.85 earnings per share. The company's revenue was up 19.5% compared to the same quarter last year. Equities research analysts predict that AAR Corp. will post 3.77 earnings per share for the current year.

Wall Street Analyst Weigh In

AIR has been the topic of a number of recent research reports. KeyCorp cut their price target on shares of AAR from $83.00 to $80.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Truist Financial cut their price objective on AAR from $81.00 to $78.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Finally, StockNews.com raised AAR from a "sell" rating to a "hold" rating in a research note on Saturday, April 19th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $80.20.

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Get Our Latest Research Report on AIR

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.

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