UBS Group AG Has $17.47 Million Holdings in AAR Corp. $AIR

UBS Group AG cut its holdings in shares of AAR Corp. (NYSE:AIR) by 56.8% in the fourth quarter, HoldingsChannel reports. The fund owned 210,977 shares of the aerospace company’s stock after selling 277,262 shares during the quarter. UBS Group AG’s holdings in AAR were worth $17,467,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in AAR by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 4,061,230 shares of the aerospace company’s stock worth $336,229,000 after acquiring an additional 281,871 shares during the period. State Street Corp boosted its position in AAR by 10.9% during the 2nd quarter. State Street Corp now owns 1,917,821 shares of the aerospace company’s stock worth $131,927,000 after acquiring an additional 188,406 shares during the period. Wellington Management Group LLP boosted its position in AAR by 144.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,486,775 shares of the aerospace company’s stock worth $133,319,000 after acquiring an additional 878,188 shares during the period. Franklin Resources Inc. boosted 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 worth $107,752,000 after acquiring an additional 311,258 shares during the period. Finally, American Century Companies Inc. boosted its position in AAR by 2.6% during the 3rd quarter. American Century Companies Inc. now owns 781,333 shares of the aerospace company’s stock worth $70,062,000 after acquiring an additional 19,463 shares during the period. 90.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AIR shares. The Goldman Sachs Group started coverage on AAR in a report on Monday, January 26th. They set a “neutral” rating and a $121.00 price target for the company. Wall Street Zen lowered AAR from a “strong-buy” rating to a “buy” rating in a report on Saturday. Weiss Ratings upgraded AAR from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, March 27th. Jefferies Financial Group lifted their price target on AAR to $150.00 and gave the company a “buy” rating in a report on Tuesday, March 24th. Finally, Truist Financial upgraded AAR to a “strong-buy” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, AAR has a consensus rating of “Moderate Buy” and a consensus price target of $131.20.

AAR Stock Down 5.1%

Shares of AIR stock opened at $111.62 on Wednesday. The stock’s 50 day simple moving average is $112.80 and its 200 day simple moving average is $100.32. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.23 and a current ratio of 2.70. AAR Corp. has a twelve month low of $58.83 and a twelve month high of $127.21. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 24.75 and a beta of 1.14.

AAR (NYSE:AIR) last issued its quarterly earnings results on Tuesday, March 24th. The aerospace company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.21 by $0.04. The company had revenue of $845.10 million for the quarter, compared to the consensus estimate of $812.58 million. AAR had a return on equity of 12.39% and a net margin of 5.46%.The company’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.99 EPS. As a group, research analysts predict that AAR Corp. will post 4.95 EPS for the current year.

Insider Activity

In other news, CEO John Mcclain Holmes III sold 26,175 shares of the business’s stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of $107.60, for a total transaction of $2,816,430.00. Following the sale, the chief executive officer directly owned 235,064 shares in the company, valued at approximately $25,292,886.40. The trade was a 10.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.60% of the company’s stock.

About AAR

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.