AAR (NYSE:AIR) Cut to Hold at Zacks Research

Zacks Research downgraded shares of AAR (NYSE:AIR) from a strong-buy rating to a hold rating in a research report released on Wednesday morning,Zacks.com reports.

Other equities analysts have also issued reports about the company. Truist Financial raised their price target on AAR from $81.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Wall Street Zen lowered AAR from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Royal Bank Of Canada restated an “outperform” rating and set a $85.00 price target on shares of AAR in a research report on Wednesday, September 24th. Weiss Ratings restated a “hold (c-)” rating on shares of AAR in a research report on Wednesday, October 8th. Finally, KeyCorp raised their price target on AAR from $86.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, AAR has an average rating of “Moderate Buy” and a consensus target price of $89.33.

AAR Price Performance

Shares of AAR stock opened at $84.09 on Wednesday. The company has a current ratio of 2.91, a quick ratio of 1.31 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $3.29 billion, a PE ratio of 107.80 and a beta of 1.52. The business’s 50-day moving average price is $80.17 and its 200-day moving average price is $71.59. AAR has a 12 month low of $46.51 and a 12 month high of $89.69.

AAR (NYSE:AIR) last announced its quarterly earnings data on Wednesday, May 28th. The aerospace company reported $0.83 EPS for the quarter. AAR had a return on equity of 12.29% and a net margin of 1.01%.The firm had revenue of $553.30 million for the quarter. Sell-side analysts forecast that AAR will post 3.77 EPS for the current fiscal year.

Insider Buying and Selling at AAR

In other news, CEO John Mcclain Holmes III sold 10,000 shares of AAR stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $71.70, for a total value of $717,000.00. Following the sale, the chief executive officer directly owned 298,603 shares in the company, valued at approximately $21,409,835.10. This trade represents a 3.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On AAR

Hedge funds have recently made changes to their positions in the company. Osterweis Capital Management Inc. bought a new stake in shares of AAR during the second quarter valued at approximately $26,000. Hughes Financial Services LLC bought a new stake in shares of AAR during the first quarter valued at approximately $28,000. Salomon & Ludwin LLC bought a new stake in shares of AAR during the third quarter valued at approximately $30,000. Westfuller Advisors LLC bought a new stake in shares of AAR during the third quarter valued at approximately $39,000. Finally, Virtus Advisers LLC bought a new stake in shares of AAR during the first quarter valued at approximately $47,000. 90.74% of the stock is currently owned by institutional investors.

About AAR

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.