Amalgamated Bank Has $674,000 Position in AAR Corp. (NYSE:AIR)

Amalgamated Bank grew its stake in shares of AAR Corp. (NYSE:AIR) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,319 shares of the aerospace company’s stock after acquiring an additional 177 shares during the period. Amalgamated Bank’s holdings in AAR were worth $674,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Global Financial Private Client LLC grew its holdings in shares of AAR by 4.0% during the 2nd quarter. Global Financial Private Client LLC now owns 5,838 shares of the aerospace company’s stock valued at $424,000 after acquiring an additional 225 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of AAR by 43.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 778 shares of the aerospace company’s stock valued at $57,000 after acquiring an additional 234 shares in the last quarter. Truist Financial Corp grew its holdings in shares of AAR by 3.4% during the 2nd quarter. Truist Financial Corp now owns 9,040 shares of the aerospace company’s stock valued at $657,000 after acquiring an additional 296 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of AAR by 1.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 16,700 shares of the aerospace company’s stock valued at $1,214,000 after acquiring an additional 300 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of AAR by 40.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,488 shares of the aerospace company’s stock valued at $108,000 after acquiring an additional 428 shares in the last quarter. 90.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus decreased their price objective on shares of AAR from $86.00 to $85.00 and set a “buy” rating for the company in a report on Friday, July 19th. StockNews.com upgraded shares of AAR from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Benchmark reiterated a “buy” rating and issued a $83.00 price objective on shares of AAR in a report on Friday, October 4th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 price objective on shares of AAR in a report on Monday, November 4th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $81.00.

AAR Stock Down 1.4 %

AIR stock opened at $66.11 on Friday. 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 52-week low of $54.71 and a 52-week high of $76.34. The company has a 50-day moving average of $64.03 and a two-hundred day moving average of $66.67. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 36.32 and a beta of 1.57.

AAR (NYSE:AIR) last released its quarterly 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 during 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%. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.78 earnings per share. As a group, equities research analysts anticipate 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.