AAR (NYSE:AIR) Raised to “Buy” at Wall Street Zen

AAR (NYSE:AIR) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Several other brokerages have also recently commented on AIR. Zacks Research cut AAR from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Truist Financial increased their price objective on shares of AAR from $81.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Royal Bank Of Canada lifted their target price on shares of AAR from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. KeyCorp increased their price target on shares of AAR from $86.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of AAR in a research note on Monday. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $93.25.

AAR Stock Up 2.1%

AIR stock opened at $84.52 on Friday. AAR has a twelve month low of $46.51 and a twelve month high of $89.69. The company has a market cap of $3.31 billion, a PE ratio of 108.37 and a beta of 1.29. The business’s 50-day simple moving average is $82.73 and its 200 day simple moving average is $78.68. The company has a quick ratio of 1.31, a current ratio of 2.91 and a debt-to-equity ratio of 0.82.

AAR (NYSE:AIR) last posted its quarterly earnings results 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 during the quarter. On average, research analysts anticipate that AAR will post 3.77 earnings per share for the current year.

Insider Activity

In other news, CEO John Mcclain Holmes III sold 38,462 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 260,141 shares of the company’s stock, valued at $21,721,773.50. The trade was a 12.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On AAR

Several institutional investors have recently bought and sold shares of the business. Osterweis Capital Management Inc. bought a new stake in shares of AAR during the second quarter worth $26,000. Morse Asset Management Inc acquired a new position in AAR during the 3rd quarter worth about $27,000. Salomon & Ludwin LLC acquired a new position in AAR during the 3rd quarter worth about $30,000. Optiver Holding B.V. bought a new stake in AAR during the 3rd quarter worth about $31,000. Finally, Westfuller Advisors LLC acquired a new stake in AAR in the 3rd quarter valued at about $39,000. Institutional investors own 90.74% of the company’s stock.

About AAR

AAR Corp. (NYSE: AIR) is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.

In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.