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

Shares of AAR Corp. (NYSE:AIR) have been given a consensus recommendation of “Moderate Buy” by the seven research firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $115.40.

A number of equities analysts have commented on the stock. Royal Bank Of Canada lifted their target price on shares of AAR from $90.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. Jefferies Financial Group lifted their target price on AAR to $135.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Wall Street Zen raised AAR from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Zacks Research upgraded shares of AAR from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. Finally, The Goldman Sachs Group assumed coverage on shares of AAR in a research report on Monday, January 26th. They issued a “neutral” rating and a $121.00 target price on the stock.

AAR Stock Down 0.7%

Shares of NYSE AIR opened at $117.32 on Friday. The stock has a market cap of $4.64 billion, a PE ratio of 46.01 and a beta of 1.23. 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 has a 12-month low of $46.51 and a 12-month high of $119.24. The company has a 50-day moving average of $102.89 and a 200 day moving average of $88.26.

AAR (NYSE:AIR) last issued its earnings results on Tuesday, January 6th. The aerospace company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. The business had revenue of $795.30 million during the quarter, compared to the consensus estimate of $760.95 million. AAR had a return on equity of 12.40% and a net margin of 3.17%.The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the company earned $0.90 EPS. As a group, sell-side analysts predict that AAR will post 3.77 EPS for the current fiscal year.

Insider Activity at AAR

In other news, SVP Christopher A. Jessup sold 23,621 shares of the firm’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $97.05, for a total transaction of $2,292,418.05. Following the completion of the transaction, the senior vice president directly owned 65,769 shares in the company, valued at $6,382,881.45. This trade represents a 26.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Sarah Louise Flanagan sold 10,750 shares of AAR stock in a transaction on Wednesday, February 4th. The shares were 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 of the company’s stock, valued at $3,565,978.88. The trade was a 24.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 128,984 shares of company stock valued at $12,517,090. 3.60% of the stock is owned by insiders.

Institutional Trading of AAR

Hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of AAR by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,779 shares of the aerospace company’s stock worth $1,163,000 after purchasing an additional 904 shares in the last quarter. Millennium Management LLC lifted its holdings in AAR by 35.8% during the 1st quarter. Millennium Management LLC now owns 134,966 shares of the aerospace company’s stock worth $7,557,000 after buying an additional 35,608 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of AAR by 4.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 97,384 shares of the aerospace company’s stock worth $5,453,000 after acquiring an additional 4,288 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of AAR by 1.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 126,316 shares of the aerospace company’s stock valued at $8,689,000 after acquiring an additional 1,732 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of AAR by 4.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 5,482 shares of the aerospace company’s stock worth $377,000 after acquiring an additional 231 shares in the last quarter. 90.74% of the stock is currently owned by institutional investors and hedge funds.

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.