Inspire Investing LLC Purchases 14,124 Shares of AAR Corp. $AIR

Inspire Investing LLC increased its position in shares of AAR Corp. (NYSE:AIR) by 250.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 19,763 shares of the aerospace company’s stock after purchasing an additional 14,124 shares during the period. Inspire Investing LLC’s holdings in AAR were worth $2,163,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA lifted its stake in AAR by 9.3% in the first quarter. Pictet Asset Management Holding SA now owns 6,937 shares of the aerospace company’s stock valued at $759,000 after acquiring an additional 593 shares during the last quarter. Meyer Handelman Co. bought a new stake in shares of AAR in the 1st quarter valued at about $219,000. Louisiana State Employees Retirement System acquired a new stake in AAR in the 1st quarter valued at about $1,894,000. OP Asset Management Ltd acquired a new stake in AAR in the 1st quarter valued at about $286,000. Finally, SG Americas Securities LLC grew its holdings in AAR by 24.8% during the first quarter. SG Americas Securities LLC now owns 30,579 shares of the aerospace company’s stock worth $3,347,000 after purchasing an additional 6,075 shares during the period. 90.74% of the stock is owned by institutional investors.

AAR Stock Performance

AIR opened at $143.09 on Wednesday. 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 business has a fifty day simple moving average of $118.33 and a 200 day simple moving average of $109.70. AAR Corp. has a 1 year low of $68.30 and a 1 year high of $143.46. The company has a market capitalization of $5.69 billion, a PE ratio of 31.73 and a beta of 1.13.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AIR. Weiss Ratings raised AAR from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, June 15th. Zacks Research cut shares of AAR from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Wall Street Zen lowered shares of AAR from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Truist Financial upgraded shares of AAR to a “strong-buy” rating in a research note on Friday, May 1st. Finally, KeyCorp cut shares of AAR from an “overweight” rating to a “sector weight” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.20.

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.