LPL Financial LLC Has $711,000 Holdings in AAR Corp. (NYSE:AIR)

LPL Financial LLC increased its holdings in AAR Corp. (NYSE:AIR) by 13.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,601 shares of the aerospace company’s stock after buying an additional 1,362 shares during the period. LPL Financial LLC’s holdings in AAR were worth $711,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in AIR. Inspire Investing LLC increased its holdings in AAR by 3.3% in the 4th quarter. Inspire Investing LLC now owns 6,505 shares of the aerospace company’s stock valued at $399,000 after buying an additional 205 shares during the period. Arizona State Retirement System increased its stake in AAR by 2.1% in the fourth quarter. Arizona State Retirement System now owns 10,420 shares of the aerospace company’s stock valued at $639,000 after acquiring an additional 219 shares during the last quarter. Sheets Smith Wealth Management raised its position in AAR by 3.2% during the fourth quarter. Sheets Smith Wealth Management now owns 7,015 shares of the aerospace company’s stock valued at $430,000 after purchasing an additional 220 shares in the last quarter. HighTower Advisors LLC lifted its stake in AAR by 6.1% during the third quarter. HighTower Advisors LLC now owns 3,818 shares of the aerospace company’s stock worth $249,000 after purchasing an additional 220 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in shares of AAR by 3.8% in the 4th quarter. US Bancorp DE now owns 6,118 shares of the aerospace company’s stock valued at $375,000 after purchasing an additional 225 shares in the last quarter. 90.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. KeyCorp lowered their price target on AAR from $83.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, April 2nd. Truist Financial lowered their target price on AAR from $81.00 to $78.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Finally, StockNews.com upgraded shares of AAR from a “sell” rating to a “hold” rating in a research note on Saturday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $80.20.

AAR Price Performance

Shares of AIR opened at $50.92 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 2.68 and a debt-to-equity ratio of 0.84. The stock has a market cap of $1.84 billion, a PE ratio of 181.86 and a beta of 1.32. AAR Corp. has a 12-month low of $46.51 and a 12-month high of $76.34. The business has a 50-day simple moving average of $60.56 and a two-hundred day simple moving average of $63.64.

AAR (NYSE:AIR) last released 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. AAR had a return on equity of 10.46% and a net margin of 0.41%. The company had revenue of $678.20 million during the quarter, compared to the consensus estimate of $699.13 million. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The firm’s revenue was up 19.5% compared to the same quarter last year. Analysts anticipate that AAR Corp. will post 3.77 earnings per share for the current fiscal year.

About AAR

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.