Nisa Investment Advisors LLC Has $108,000 Holdings in AAR Corp. (NYSE:AIR)

Nisa Investment Advisors LLC boosted its holdings in shares of AAR Corp. (NYSE:AIR) by 40.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,488 shares of the aerospace company’s stock after purchasing an additional 428 shares during the period. Nisa Investment Advisors LLC’s holdings in AAR were worth $108,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Raymond James & Associates bought a new position in shares of AAR in the fourth quarter valued at about $290,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in AAR by 6.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,589 shares of the aerospace company’s stock valued at $474,000 after acquiring an additional 472 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of AAR in the fourth quarter worth about $27,000. Truist Financial Corp lifted its position in shares of AAR by 27.8% during the fourth quarter. Truist Financial Corp now owns 7,865 shares of the aerospace company’s stock worth $491,000 after purchasing an additional 1,710 shares in the last quarter. Finally, Sheets Smith Wealth Management grew its stake in shares of AAR by 4.7% during the fourth quarter. Sheets Smith Wealth Management now owns 7,176 shares of the aerospace company’s stock valued at $448,000 after purchasing an additional 325 shares during the last quarter. Institutional investors own 90.74% of the company’s stock.

AAR Price Performance

Shares of AIR stock opened at $64.89 on Monday. The firm’s 50 day moving average price is $67.34 and its two-hundred day moving average price is $66.55. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.41 and a current ratio of 2.98. AAR Corp. has a 52-week low of $54.71 and a 52-week high of $76.34. The stock has a market cap of $2.30 billion, a PE ratio of 38.17 and a beta of 1.54.

AAR (NYSE:AIR) last posted its quarterly earnings results on Thursday, July 18th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.02. The business had revenue of $656.50 million for the quarter, compared to analyst estimates of $660.05 million. AAR had a return on equity of 10.16% and a net margin of 2.00%. The firm’s revenue was up 18.7% on a year-over-year basis. During the same period last year, the company earned $0.83 EPS. As a group, analysts forecast that AAR Corp. will post 3.84 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on AIR. Stifel Nicolaus dropped their price objective on shares of AAR from $86.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, July 19th. Royal Bank of Canada upped their price target on AAR from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. 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.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $83.50.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. It operates through Aviation Services and Expeditionary Services segments. The Aviation Services segment engages in lease and sale of new, overhauled and repaired engine, and airframe parts and components, as well as aircrafts; and offers customized flight hour component inventory and repair, warranty claim management, and outsourcing programs for engine and airframe parts and components.