AAR (NYSE:AIR) Rating Lowered to “Hold” at Wall Street Zen

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

AIR has been the subject of several other reports. KeyCorp raised their target price on shares of AAR from $93.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Truist Financial set a $107.00 price objective on shares of AAR in a report on Friday, January 9th. Royal Bank Of Canada raised their price objective on AAR from $90.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, January 7th. The Goldman Sachs Group initiated coverage on AAR in a report on Monday, January 26th. They issued a “neutral” rating and a $121.00 target price on the stock. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of AAR in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $110.80.

AAR Stock Performance

NYSE:AIR opened at $113.26 on Friday. The stock has a 50-day moving average price of $93.02 and a 200 day moving average price of $84.03. The stock has a market capitalization of $4.48 billion, a P/E ratio of 44.42 and a beta of 1.23. AAR has a 12-month low of $46.51 and a 12-month high of $113.65. The company has a current ratio of 2.84, a quick ratio of 1.31 and a debt-to-equity ratio of 0.61.

AAR (NYSE:AIR) last posted its quarterly earnings results on Tuesday, January 6th. The aerospace company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.16. AAR had a return on equity of 12.40% and a net margin of 3.17%.The business had revenue of $795.30 million during the quarter, compared to the consensus estimate of $760.95 million. During the same period in the prior year, the company posted $0.90 EPS. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. Equities research analysts forecast that AAR will post 3.77 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Sarah Louise Flanagan sold 10,750 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $108.56, for a total value of $1,167,020.00. Following the completion of the sale, the chief financial officer directly owned 32,848 shares in the company, valued at $3,565,978.88. This trade represents a 24.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jessica A. Garascia sold 4,787 shares of AAR stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $95.25, for a total transaction of $455,961.75. Following the transaction, the chief accounting officer directly owned 29,557 shares of the company’s stock, valued at $2,815,304.25. The trade was a 13.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 128,984 shares of company stock valued at $12,517,090 over the last quarter. Company insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On AAR

Several hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. lifted its position in shares of AAR by 35.2% in the 3rd 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. Y Intercept Hong Kong Ltd purchased a new position in AAR during the third quarter valued at approximately $1,042,000. Oliver Luxxe Assets LLC bought a new position in AAR in the third quarter worth approximately $2,755,000. Legal & General Group Plc raised its stake in AAR by 12.1% in the second quarter. Legal & General Group Plc now owns 120,577 shares of the aerospace company’s stock worth $8,294,000 after buying an additional 12,976 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its holdings in AAR by 8.7% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 211,132 shares of the aerospace company’s stock worth $18,932,000 after buying an additional 16,892 shares during the period. 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.