AAR Corp. (NYSE:AIR) Receives Consensus Recommendation of “Buy” from Analysts

AAR Corp. (NYSE:AIR) has been assigned a consensus rating of “Buy” from the five brokerages that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $76.75.

A number of equities analysts have commented on AIR shares. Benchmark reiterated a “buy” rating and issued a $65.00 price objective on shares of AAR in a report on Friday, March 22nd. William Blair started coverage on shares of AAR in a report on Monday, January 29th. They issued an “outperform” rating on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $80.00 price objective on shares of AAR in a report on Friday, March 22nd. Truist Financial boosted their price objective on shares of AAR from $68.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, December 22nd. Finally, Stifel Nicolaus upped their target price on shares of AAR from $80.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, December 22nd.

Insider Activity

In other news, CEO John Mcclain Holmes III sold 28,145 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $57.96, for a total value of $1,631,284.20. Following the sale, the chief executive officer now owns 303,621 shares in the company, valued at approximately $17,597,873.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO John Mcclain Holmes III sold 28,145 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $57.96, for a total transaction of $1,631,284.20. Following the completion of the sale, the chief executive officer now owns 303,621 shares of the company’s stock, valued at approximately $17,597,873.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Jessica A. Garascia sold 7,352 shares of the business’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $63.37, for a total transaction of $465,896.24. Following the sale, the chief accounting officer now directly owns 28,165 shares of the company’s stock, valued at approximately $1,784,816.05. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,747 shares of company stock worth $3,858,323. 4.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AAR

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC bought a new position in AAR in the 4th quarter worth about $27,000. Quantbot Technologies LP bought a new position in AAR in the 1st quarter worth about $26,000. DekaBank Deutsche Girozentrale bought a new position in AAR in the 3rd quarter worth about $33,000. Point72 Asset Management L.P. bought a new position in AAR in the 2nd quarter worth about $52,000. Finally, Point72 Hong Kong Ltd bought a new position in AAR in the 1st quarter worth about $44,000. Institutional investors own 90.74% of the company’s stock.

AAR Stock Performance

Shares of AIR stock opened at $60.78 on Friday. AAR has a 12 month low of $50.06 and a 12 month high of $73.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.90 and a quick ratio of 1.33. The firm has a market capitalization of $2.15 billion, a P/E ratio of 35.75 and a beta of 1.67. The company’s fifty day moving average price is $63.33 and its two-hundred day moving average price is $62.99.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. It operates through Aviation Services and Expeditionary Services segments. The Aviation Services segment engages in lease and sale of new, overhauled and repaired engine, and airframe parts and components, as well as aircrafts; and offers customized flight hour component inventory and repair, warranty claim management, and outsourcing programs for engine and airframe parts and components.