17,300 Shares in AAR Corp. $AIR Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new position in AAR Corp. (NYSE:AIR) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 17,300 shares of the aerospace company’s stock, valued at approximately $1,894,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AIR. Wellington Management Group LLP lifted its position in AAR by 144.3% during the third quarter. Wellington Management Group LLP now owns 1,486,775 shares of the aerospace company’s stock valued at $133,319,000 after buying an additional 878,188 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of AAR by 297.4% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 594,668 shares of the aerospace company’s stock worth $49,233,000 after buying an additional 445,026 shares during the period. UBS Group AG increased its stake in shares of AAR by 709.2% in the 3rd quarter. UBS Group AG now owns 488,239 shares of the aerospace company’s stock worth $43,780,000 after acquiring an additional 427,906 shares in the last quarter. State Street Corp increased its stake in shares of AAR by 17.1% in the 4th quarter. State Street Corp now owns 2,320,927 shares of the aerospace company’s stock worth $192,150,000 after acquiring an additional 339,595 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in AAR by 36.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,154,167 shares of the aerospace company’s stock valued at $107,752,000 after acquiring an additional 311,258 shares during the period. Hedge funds and other institutional investors own 90.74% of the company’s stock.

Wall Street Analysts Forecast Growth

AIR has been the topic of several research reports. Wall Street Zen lowered shares of AAR from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Zacks Research downgraded shares of AAR from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. KeyCorp lowered shares of AAR from an “overweight” rating to a “sector weight” rating in a report on Tuesday. Royal Bank Of Canada boosted their price target on AAR from $105.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 25th. Finally, Truist Financial upgraded AAR to a “strong-buy” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.20.

AAR Price Performance

Shares of AIR opened at $143.09 on Wednesday. AAR Corp. has a twelve month low of $68.30 and a twelve month high of $143.46. The company has a market capitalization of $5.69 billion, a P/E ratio of 31.73 and a beta of 1.13. The firm has a 50 day moving average of $118.33 and a 200 day moving average of $109.70. The company has a quick ratio of 1.23, a current ratio of 2.70 and a debt-to-equity ratio of 0.54.

AAR 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.