Analysts Set AAR Corp. (NYSE:AIR) PT at $81.50

AAR Corp. (NYSE:AIR) has been given an average recommendation of “Buy” by the five research firms that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $81.50.

Several brokerages have recently weighed in on AIR. StockNews.com upgraded AAR from a “sell” rating to a “hold” rating in a research report on Friday. Benchmark reiterated a “buy” rating and issued a $83.00 price target on shares of AAR in a research report on Friday, October 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 price target on shares of AAR in a research report on Monday, November 4th. Finally, KeyCorp assumed coverage on AAR in a research report on Thursday. They set an “overweight” rating and a $83.00 target price for the company.

AAR Price Performance

AAR stock opened at $70.25 on Thursday. The stock has a fifty day moving average of $65.77 and a 200-day moving average of $65.18. The stock has a market capitalization of $2.52 billion, a P/E ratio of 250.91 and a beta of 1.61. AAR has a 52 week low of $54.71 and a 52 week high of $76.34. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.45 and a current ratio of 2.68.

AAR (NYSE:AIR) last issued its earnings results on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.07. The firm had revenue of $686.10 million for the quarter, compared to analyst estimates of $654.47 million. AAR had a return on equity of 10.46% and a net margin of 0.41%. The business’s revenue was up 25.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.81 earnings per share. On average, sell-side analysts expect that AAR will post 3.75 earnings per share for the current fiscal year.

Insider Activity

In other AAR news, SVP Christopher A. Jessup sold 33,481 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $70.40, for a total transaction of $2,357,062.40. Following the completion of the transaction, the senior vice president now owns 63,209 shares of the company’s stock, valued at $4,449,913.60. This represents a 34.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO John Mcclain Holmes III sold 128,427 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $66.76, for a total value of $8,573,786.52. Following the transaction, the chief executive officer now directly owns 346,680 shares of the company’s stock, valued at $23,144,356.80. The trade was a 27.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 180,793 shares of company stock valued at $12,184,346. Insiders own 4.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in AIR. Quest Partners LLC purchased a new stake in shares of AAR in the 2nd quarter worth approximately $33,000. Oppenheimer Asset Management Inc. grew its stake in shares of AAR by 8.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 33,280 shares of the aerospace company’s stock worth $2,419,000 after buying an additional 2,711 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of AAR by 6.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 130,437 shares of the aerospace company’s stock worth $9,483,000 after buying an additional 7,938 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in shares of AAR in the 2nd quarter worth approximately $370,000. Finally, L & S Advisors Inc purchased a new stake in shares of AAR in the 2nd quarter worth approximately $218,000. Hedge funds and other 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. The Parts Supply segment leases and sells aircraft components and replacement parts. The Repair & Engineering segment provides airframe maintenance services, such as airframe inspection, painting, line maintenance, airframe modification, structural repair, avionics service and installation, exterior and interior refurbishment, and engineering and support services; component repair services comprising maintenance, repair, and overhaul (MRO) services, engine and airframe accessories, and interior refurbishment; and landing gear overhaul services, including repair services on wheels and brakes.