Analysts Set AAR Corp. (NYSE:AIR) PT at $55.33

AAR Corp. (NYSE:AIR – Get Rating) has earned an average rating of “Buy” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $55.33.

Several research analysts recently weighed in on AIR shares. Truist Financial upped their price target on AAR from $53.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, March 23rd. Royal Bank of Canada upped their target price on AAR from $50.00 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 23rd. StockNews.com began coverage on AAR in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Citigroup raised AAR from a “sell” rating to a “neutral” rating in a research report on Monday, January 3rd. Finally, Vertical Research raised AAR from a “hold” rating to a “buy” rating in a research report on Tuesday, January 4th.

In related news, CAO Eric Pachapa sold 4,941 shares of the stock in a transaction that occurred on Monday, March 28th. The stock was sold at an average price of $49.03, for a total transaction of $242,257.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David P. Storch sold 72,409 shares of the stock in a transaction that occurred on Tuesday, April 12th. The shares were sold at an average price of $50.15, for a total value of $3,631,311.35. Following the sale, the director now owns 337,516 shares of the company’s stock, valued at approximately $16,926,427.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 313,976 shares of company stock worth $14,954,853. 7.50% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. bought a new stake in AAR during the 4th quarter valued at approximately $1,151,000. Rubric Capital Management LP lifted its position in shares of AAR by 19.2% in the 3rd quarter. Rubric Capital Management LP now owns 1,550,000 shares of the aerospace company’s stock worth $50,267,000 after acquiring an additional 250,000 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of AAR by 77.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 330,756 shares of the aerospace company’s stock worth $10,726,000 after acquiring an additional 144,706 shares during the period. Allianz Asset Management GmbH bought a new stake in shares of AAR in the 3rd quarter worth approximately $250,000. Finally, FourThought Financial LLC bought a new stake in shares of AAR in the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 98.49% of the company’s stock.

NYSE:AIR opened at $50.52 on Thursday. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 26.31 and a beta of 1.66. AAR has a 1-year low of $30.90 and a 1-year high of $51.40. The company has a current ratio of 2.85, a quick ratio of 1.29 and a debt-to-equity ratio of 0.10. The business’s fifty day moving average price is $45.79 and its 200 day moving average price is $40.14.

AAR (NYSE:AIR – Get Rating) last posted its quarterly earnings results on Tuesday, March 22nd. The aerospace company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.01. The firm had revenue of $452.00 million for the quarter, compared to analyst estimates of $443.73 million. AAR had a return on equity of 7.72% and a net margin of 3.86%. AAR’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.37 earnings per share. Equities analysts forecast that AAR will post 2.48 earnings per share for the current year.

AAR Company Profile (Get Rating)

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services. This segment also sells and leases new, overhauled, and repaired engine and airframe parts, and components; and provides inventory and repair programs, warranty claim management, and outsourcing programs for engine and airframe parts and components, as well as performance-based supply chain logistics programs in support of the U.S.

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