BNP Paribas Financial Markets Has $1.36 Million Holdings in AAR Corp. (NYSE:AIR)

BNP Paribas Financial Markets lessened its position in AAR Corp. (NYSE:AIR) by 1.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 22,142 shares of the aerospace company’s stock after selling 311 shares during the period. BNP Paribas Financial Markets owned approximately 0.06% of AAR worth $1,357,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC grew its stake in AAR by 761.2% in the fourth quarter. Sterling Capital Management LLC now owns 887 shares of the aerospace company’s stock valued at $54,000 after acquiring an additional 784 shares during the period. Smartleaf Asset Management LLC grew its stake in AAR by 124.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the aerospace company’s stock valued at $62,000 after acquiring an additional 561 shares during the period. Canada Pension Plan Investment Board purchased a new position in shares of AAR during the fourth quarter valued at approximately $80,000. Venturi Wealth Management LLC boosted its position in shares of AAR by 1,965.6% during the fourth quarter. Venturi Wealth Management LLC now owns 1,322 shares of the aerospace company’s stock valued at $81,000 after buying an additional 1,258 shares during the last quarter. Finally, Toth Financial Advisory Corp boosted its position in shares of AAR by 133.3% during the fourth quarter. Toth Financial Advisory Corp now owns 1,400 shares of the aerospace company’s stock valued at $86,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.

AAR Stock Performance

Shares of AIR opened at $62.90 on Tuesday. The firm has a market cap of $2.27 billion, a PE ratio of 224.65 and a beta of 1.40. The stock’s fifty day moving average price is $58.12 and its two-hundred day moving average price is $63.17. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.68 and a quick ratio of 1.27. AAR Corp. has a 1 year low of $46.51 and a 1 year high of $76.34.

AAR (NYSE:AIR) last issued its 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. The firm had revenue of $678.20 million for the quarter, compared to analyst estimates of $699.13 million. AAR had a return on equity of 10.46% and a net margin of 0.41%. The business’s revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. On average, equities research analysts forecast that AAR Corp. will post 3.77 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AIR. KeyCorp cut their target price on AAR from $83.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 2nd. StockNews.com raised AAR from a “sell” rating to a “hold” rating in a research report on Saturday, April 19th. Finally, Truist Financial cut their target price on AAR from $81.00 to $78.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.20.

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.