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

Shares of AAR Corp. (NYSE:AIR) have been given an average rating of “Moderate Buy” by the five ratings firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $91.00.

Several analysts have recently issued reports on the company. Wall Street Zen upgraded AAR from a “hold” rating to a “buy” rating in a research report on Sunday, November 2nd. Zacks Research lowered shares of AAR from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Truist Financial lifted their price target on shares of AAR from $81.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. KeyCorp boosted their price objective on shares of AAR from $86.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. Finally, Royal Bank Of Canada raised their target price on shares of AAR from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th.

AAR Stock Down 1.2%

AIR stock opened at $82.68 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.91 and a quick ratio of 1.31. The company’s 50 day simple moving average is $82.47 and its 200-day simple moving average is $77.11. AAR has a 12 month low of $46.51 and a 12 month high of $89.69. The firm has a market capitalization of $3.23 billion, a PE ratio of 106.00 and a beta of 1.29.

AAR (NYSE:AIR) last posted its earnings results on Wednesday, May 28th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter. The firm had revenue of $553.30 million for the quarter. AAR had a return on equity of 12.29% and a net margin of 1.01%. Equities analysts expect that AAR will post 3.77 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO John Mcclain Holmes III sold 38,462 shares of AAR stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $83.50, for a total value of $3,211,577.00. Following the completion of the sale, the chief executive officer owned 260,141 shares of the company’s stock, valued at $21,721,773.50. The trade was a 12.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.60% of the stock is owned by company insiders.

Institutional Trading of AAR

Hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its stake in shares of AAR by 144.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,486,775 shares of the aerospace company’s stock valued at $133,319,000 after acquiring an additional 878,188 shares during the last quarter. UBS Group AG grew its holdings in AAR by 709.2% in the third quarter. UBS Group AG now owns 488,239 shares of the aerospace company’s stock valued at $43,780,000 after purchasing an additional 427,906 shares during the period. Franklin Resources Inc. increased its position in AAR by 36.9% during the third quarter. Franklin Resources Inc. now owns 1,154,167 shares of the aerospace company’s stock worth $107,752,000 after purchasing an additional 311,258 shares during the last quarter. State Street Corp raised its stake in AAR by 10.9% during the second quarter. State Street Corp now owns 1,917,821 shares of the aerospace company’s stock worth $131,927,000 after purchasing an additional 188,406 shares during the period. Finally, Principal Financial Group Inc. raised its stake in AAR by 35.2% during the third quarter. Principal Financial Group Inc. now owns 640,707 shares of the aerospace company’s stock worth $57,452,000 after purchasing an additional 166,903 shares during the period. 90.74% of the stock is owned by institutional investors and hedge funds.

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.