AAR Corp. (NYSE:AIR) Shares Bought by Citigroup Inc.

Citigroup Inc. boosted its holdings in shares of AAR Corp. (NYSE:AIR) by 12.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,869 shares of the aerospace company’s stock after purchasing an additional 8,113 shares during the period. Citigroup Inc. owned about 0.20% of AAR worth $4,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of AIR. Principal Financial Group Inc. raised its holdings in shares of AAR by 18.5% during the third quarter. Principal Financial Group Inc. now owns 500,200 shares of the aerospace company’s stock valued at $32,693,000 after acquiring an additional 77,974 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of AAR by 41.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 551,439 shares of the aerospace company’s stock valued at $40,090,000 after buying an additional 160,363 shares in the last quarter. Earnest Partners LLC grew its stake in AAR by 3.2% during the 2nd quarter. Earnest Partners LLC now owns 1,588,893 shares of the aerospace company’s stock worth $115,513,000 after buying an additional 48,630 shares during the last quarter. Daiwa Securities Group Inc. acquired a new stake in AAR during the 2nd quarter worth $2,330,000. Finally, Resolute Capital Asset Partners LLC lifted its position in AAR by 54.3% during the 2nd quarter. Resolute Capital Asset Partners LLC now owns 30,000 shares of the aerospace company’s stock worth $2,181,000 after acquiring an additional 10,562 shares during the period. 90.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AIR has been the topic of several research analyst reports. StockNews.com upgraded shares of AAR from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 price target on shares of AAR in a research note on Monday, November 4th. Finally, Benchmark reiterated a “buy” rating and issued a $83.00 price target on shares of AAR in a report on Friday, October 4th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $81.00.

AAR Trading Up 0.1 %

NYSE:AIR opened at $69.57 on Tuesday. The business has a 50 day simple moving average of $64.35 and a 200 day simple moving average of $66.42. AAR Corp. has a 12-month low of $54.71 and a 12-month high of $76.34. The firm has a market capitalization of $2.50 billion, a P/E ratio of 38.23 and a beta of 1.57. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.06 and a quick ratio of 1.45.

AAR (NYSE:AIR) last issued its quarterly earnings results on Monday, September 23rd. The aerospace company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.82 by $0.03. The firm had revenue of $661.70 million for the quarter, compared to analysts’ expectations of $645.60 million. AAR had a net margin of 2.67% and a return on equity of 10.22%. AAR’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 earnings per share. Equities research analysts predict that AAR Corp. will post 3.63 EPS for the current year.

AAR Profile

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.