Earnest Partners LLC Has $93.61 Million Position in AAR Corp. (NYSE:AIR)

Earnest Partners LLC cut its stake in shares of AAR Corp. (NYSE:AIR) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,527,647 shares of the aerospace company’s stock after selling 11,561 shares during the quarter. Earnest Partners LLC owned approximately 4.25% of AAR worth $93,614,000 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. Susquehanna Fundamental Investments LLC bought a new position in AAR during the 4th quarter valued at about $2,185,000. Voya Investment Management LLC raised its stake in shares of AAR by 9.3% in the fourth quarter. Voya Investment Management LLC now owns 12,208 shares of the aerospace company’s stock valued at $748,000 after acquiring an additional 1,034 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of AAR by 12.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 24,110 shares of the aerospace company’s stock valued at $1,478,000 after acquiring an additional 2,685 shares during the last quarter. Dark Forest Capital Management LP acquired a new position in shares of AAR in the 4th quarter worth approximately $207,000. Finally, Stifel Financial Corp grew its position in AAR by 119.3% during the 4th quarter. Stifel Financial Corp now owns 50,134 shares of the aerospace company’s stock worth $3,072,000 after acquiring an additional 27,275 shares during the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.

AAR Stock Performance

Shares of NYSE:AIR opened at $52.83 on Friday. The company has a current ratio of 2.68, a quick ratio of 1.27 and a debt-to-equity ratio of 0.84. AAR Corp. has a 1-year low of $46.51 and a 1-year high of $76.34. The stock has a market capitalization of $1.91 billion, a P/E ratio of 188.69 and a beta of 1.32. The business has a 50-day moving average price of $59.81 and a two-hundred day moving average price of $63.41.

AAR (NYSE:AIR) last posted its quarterly earnings results on Thursday, March 27th. The aerospace company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. The business had revenue of $678.20 million during the quarter, compared to the consensus estimate of $699.13 million. AAR had a net margin of 0.41% and a return on equity of 10.46%. AAR’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 earnings per share. Equities 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 analyst reports. StockNews.com raised AAR from a “sell” rating to a “hold” rating in a research note on Saturday, April 19th. KeyCorp decreased their price objective 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. Finally, Truist Financial dropped their target price on shares of AAR from $81.00 to $78.00 and set a “buy” rating for the company in a research note on Friday, March 28th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $80.20.

AAR Company 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.