Charles Schwab Investment Management Inc. Has $33.87 Million Stock Position in AAR Corp. (NYSE:AIR)

Charles Schwab Investment Management Inc. decreased its position in AAR Corp. (NYSE:AIR) by 1.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 518,262 shares of the aerospace company’s stock after selling 8,035 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.44% of AAR worth $33,874,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Amalgamated Bank grew its holdings in shares of AAR by 1.7% in the 3rd quarter. Amalgamated Bank now owns 10,319 shares of the aerospace company’s stock valued at $674,000 after buying an additional 177 shares during the period. Global Financial Private Client LLC boosted its stake in AAR by 4.0% in the 2nd quarter. Global Financial Private Client LLC now owns 5,838 shares of the aerospace company’s stock worth $424,000 after purchasing an additional 225 shares during the period. EverSource Wealth Advisors LLC boosted its stake in AAR by 43.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 778 shares of the aerospace company’s stock worth $57,000 after purchasing an additional 234 shares during the period. Truist Financial Corp boosted its stake in AAR by 3.4% in the 2nd quarter. Truist Financial Corp now owns 9,040 shares of the aerospace company’s stock worth $657,000 after purchasing an additional 296 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake in AAR by 1.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 16,700 shares of the aerospace company’s stock worth $1,214,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 90.74% of the company’s stock.

AAR Trading Down 1.7 %

Shares of NYSE:AIR opened at $68.40 on Wednesday. The company’s 50-day moving average price is $64.40 and its two-hundred day moving average price is $66.40. 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 Corp. has a one year low of $54.71 and a one year high of $76.34. The stock has a market capitalization of $2.46 billion, a PE ratio of 37.58 and a beta of 1.59.

AAR (NYSE:AIR) last issued its earnings results on Monday, September 23rd. The aerospace company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. The company 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 quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 EPS. On average, equities analysts forecast that AAR Corp. will post 3.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Benchmark reaffirmed a “buy” rating and issued a $83.00 target price on shares of AAR in a research note on Friday, October 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 target price on shares of AAR in a research note on Monday, November 4th. Finally, StockNews.com raised shares of AAR from a “sell” rating to a “hold” rating in a research note on Monday, October 21st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $81.00.

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.