AAR Corp. (NYSE:AIR) Receives Average Recommendation of “Buy” from Brokerages

AAR Corp. (NYSE:AIR) has been given a consensus recommendation of “Buy” by the five brokerages that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $81.25.

A number of analysts have recently issued reports on AIR shares. Benchmark raised their price objective on AAR from $65.00 to $83.00 and gave the company a “buy” rating in a research report on Monday, April 15th. William Blair started coverage on AAR in a report on Monday, January 29th. They set an “outperform” rating for the company. Finally, 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.

AAR Price Performance

Shares of AIR opened at $71.05 on Wednesday. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 41.79 and a beta of 1.60. The company has a current ratio of 2.90, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24. The company’s fifty day simple moving average is $64.08 and its 200 day simple moving average is $63.95. AAR has a 1-year low of $50.06 and a 1-year high of $73.95.

AAR (NYSE:AIR) last released its quarterly earnings data on Thursday, March 21st. The aerospace company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.01. AAR had a net margin of 2.73% and a return on equity of 10.17%. The company had revenue of $567.30 million for the quarter, compared to analyst estimates of $567.63 million. On average, research analysts forecast that AAR will post 3.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Christopher A. Jessup sold 14,973 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $70.05, for a total value of $1,048,858.65. Following the transaction, the senior vice president now directly owns 51,803 shares in the company, valued at $3,628,800.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Christopher A. Jessup sold 14,973 shares of AAR stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $70.05, for a total value of $1,048,858.65. Following the completion of the sale, the senior vice president now directly owns 51,803 shares in the company, valued at $3,628,800.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Jessica A. Garascia sold 7,352 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $63.37, for a total value of $465,896.24. Following the transaction, the chief accounting officer now owns 28,165 shares in the company, valued at approximately $1,784,816.05. The disclosure for this sale can be found here. Insiders have sold 79,720 shares of company stock worth $4,907,182 in the last 90 days. Company insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On AAR

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sei Investments Co. increased its holdings in AAR by 730.8% in the 1st quarter. Sei Investments Co. now owns 97,552 shares of the aerospace company’s stock valued at $5,840,000 after buying an additional 85,810 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in shares of AAR during the 1st quarter worth approximately $544,000. Swiss National Bank increased its stake in AAR by 6.1% in the first quarter. Swiss National Bank now owns 70,100 shares of the aerospace company’s stock valued at $4,197,000 after acquiring an additional 4,000 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in AAR during the first quarter valued at approximately $63,000. Finally, Central Pacific Bank Trust Division bought a new stake in AAR during the first quarter worth $147,000. Institutional investors own 90.74% of the company’s stock.

AAR Company Profile

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.