AAR (NYSE:AIR) Shares Gap Up to $38.33

AAR Corp. (NYSE:AIRGet Rating) gapped up before the market opened on Monday . The stock had previously closed at $38.33, but opened at $39.23. AAR shares last traded at $39.36, with a volume of 284 shares traded.

Analyst Ratings Changes

AIR has been the subject of several analyst reports. StockNews.com upgraded shares of AAR from a “hold” rating to a “buy” rating in a research note on Thursday, August 18th. TheStreet downgraded AAR from a “b-” rating to a “c+” rating in a research note on Friday, July 22nd. Finally, Truist Financial cut their price target on AAR from $58.00 to $54.00 and set a “buy” rating on the stock in a research note on Tuesday, July 19th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $55.00.

AAR Trading Down 0.4 %

The firm’s fifty day moving average price is $43.76 and its 200-day moving average price is $45.36. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 18.05 and a beta of 1.51. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.89 and a quick ratio of 1.31.

AAR (NYSE:AIRGet Rating) last posted its earnings results on Thursday, July 21st. The aerospace company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. AAR had a net margin of 4.32% and a return on equity of 8.53%. The firm had revenue of $476.10 million during the quarter, compared to analyst estimates of $455.50 million. During the same period in the previous year, the business posted $0.47 EPS. AAR’s revenue was up 8.8% on a year-over-year basis. On average, equities analysts expect that AAR Corp. will post 2.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director David P. Storch sold 25,000 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $46.81, for a total transaction of $1,170,250.00. Following the transaction, the director now directly owns 315,090 shares of the company’s stock, valued at $14,749,362.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 7.74% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AIR. BlackRock Inc. raised its holdings in AAR by 10.7% during the first quarter. BlackRock Inc. now owns 6,239,962 shares of the aerospace company’s stock worth $302,202,000 after purchasing an additional 601,462 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of AAR by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 3,597,926 shares of the aerospace company’s stock worth $174,247,000 after buying an additional 59,984 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of AAR by 3.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,583,671 shares of the aerospace company’s stock valued at $125,127,000 after buying an additional 80,119 shares during the period. Earnest Partners LLC boosted its stake in AAR by 69.4% during the first quarter. Earnest Partners LLC now owns 2,481,696 shares of the aerospace company’s stock valued at $120,189,000 after buying an additional 1,016,525 shares in the last quarter. Finally, State Street Corp grew its holdings in AAR by 32.1% during the first quarter. State Street Corp now owns 2,209,912 shares of the aerospace company’s stock worth $107,026,000 after acquiring an additional 537,011 shares during the period. 98.13% of the stock is currently owned by institutional investors.

About AAR

(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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