GAMMA Investing LLC Purchases 62,725 Shares of AAR Corp. (NYSE:AIR)

GAMMA Investing LLC boosted its position in AAR Corp. (NYSE:AIR) by 10,454.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 63,325 shares of the aerospace company’s stock after purchasing an additional 62,725 shares during the period. GAMMA Investing LLC owned about 0.18% of AAR worth $3,546,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in AAR by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 3,840,885 shares of the aerospace company’s stock worth $235,369,000 after buying an additional 58,694 shares during the last quarter. Westwood Holdings Group Inc. boosted its stake in shares of AAR by 8.7% during the 4th quarter. Westwood Holdings Group Inc. now owns 1,441,154 shares of the aerospace company’s stock worth $88,314,000 after acquiring an additional 115,476 shares during the period. Invesco Ltd. increased its holdings in shares of AAR by 13.5% during the 4th quarter. Invesco Ltd. now owns 1,070,618 shares of the aerospace company’s stock worth $65,607,000 after acquiring an additional 127,148 shares during the last quarter. American Century Companies Inc. raised its stake in AAR by 2.4% in the 4th quarter. American Century Companies Inc. now owns 893,822 shares of the aerospace company’s stock valued at $54,773,000 after acquiring an additional 20,794 shares during the period. Finally, Geode Capital Management LLC raised its stake in AAR by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 799,766 shares of the aerospace company’s stock valued at $49,020,000 after acquiring an additional 2,804 shares during the period. 90.74% of the stock is currently owned by institutional investors and hedge funds.

AAR Stock Up 0.7%

AIR stock opened at $68.27 on Thursday. AAR Corp. has a fifty-two week low of $46.51 and a fifty-two week high of $76.34. 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 stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 243.83 and a beta of 1.43. The business’s fifty day moving average price is $58.06 and its two-hundred day moving average price is $62.92.

AAR (NYSE:AIR) last released its quarterly earnings results on Thursday, March 27th. The aerospace company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.96 by $0.03. AAR had a net margin of 0.41% and a return on equity of 10.46%. The business had revenue of $678.20 million for the quarter, compared to the consensus estimate of $699.13 million. During the same period in the prior year, the company posted $0.85 earnings per share. AAR’s revenue was up 19.5% compared to the same quarter last year. On average, equities analysts anticipate that AAR Corp. will post 3.77 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Truist Financial reduced their price objective on shares of AAR from $81.00 to $78.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Wall Street Zen upgraded shares of AAR from a “sell” rating to a “hold” rating in a research note on Saturday, April 19th. Finally, KeyCorp decreased their price target on shares of AAR from $83.00 to $80.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 2nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.