Emerald Advisers LLC Buys 26,223 Shares of AAR Corp. $AIR

Emerald Advisers LLC raised its stake in AAR Corp. (NYSE:AIR) by 6.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 445,693 shares of the aerospace company’s stock after buying an additional 26,223 shares during the quarter. AAR comprises approximately 1.5% of Emerald Advisers LLC’s investment portfolio, making the stock its 10th biggest holding. Emerald Advisers LLC’s holdings in AAR were worth $48,786,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of AAR during the first quarter worth $25,000. McMillan Office Inc. acquired a new stake in shares of AAR during the fourth quarter worth $25,000. Osterweis Capital Management Inc. bought a new stake in AAR in the 2nd quarter valued at $26,000. Morse Asset Management Inc bought a new stake in AAR in the 3rd quarter valued at $27,000. Finally, NBC Securities Inc. acquired a new position in AAR in the 4th quarter worth $28,000. Institutional investors and hedge funds own 90.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AIR. Zacks Research downgraded AAR from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Jefferies Financial Group increased their price objective on AAR to $150.00 and gave the stock a “buy” rating in a report on Tuesday, March 24th. Wall Street Zen lowered AAR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Royal Bank Of Canada boosted their target price on AAR from $105.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, March 25th. Finally, Truist Financial raised AAR to a “strong-buy” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.20.

AAR Trading Down 3.5%

Shares of NYSE:AIR opened at $130.96 on Tuesday. The company’s 50-day moving average price is $122.99 and its two-hundred day moving average price is $113.15. AAR Corp. has a one year low of $71.43 and a one year high of $146.75. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.70 and a quick ratio of 1.23. The stock has a market capitalization of $5.21 billion, a PE ratio of 29.04 and a beta of 1.09.

AAR Company Profile

AAR Corp. (NYSE: AIR) is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.

In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.