AAR (NYSE:AIR) Now Covered by Jefferies Financial Group

Equities research analysts at Jefferies Financial Group started coverage on shares of AAR (NYSE:AIR) in a research note issued to investors on Wednesday, MarketBeat reports. The firm set a “buy” rating on the aerospace company’s stock.

A number of other equities analysts have also recently commented on AIR. Weiss Ratings reiterated a “hold (c)” rating on shares of AAR in a report on Monday. Zacks Research lowered shares of AAR from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Truist Financial increased their target price 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 price target on shares of AAR from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. Finally, KeyCorp raised their price objective on shares of AAR from $86.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $93.25.

AAR Stock Performance

Shares of NYSE:AIR opened at $81.93 on Wednesday. The firm has a fifty day simple moving average of $82.40 and a two-hundred day simple moving average of $77.32. AAR has a 52 week low of $46.51 and a 52 week high of $89.69. The company has a quick ratio of 1.31, a current ratio of 2.91 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $3.20 billion, a P/E ratio of 105.04 and a beta of 1.29.

AAR (NYSE:AIR) last released 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 company had revenue of $553.30 million during the quarter. On average, analysts expect that AAR will post 3.77 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Nuveen LLC acquired a new stake in shares of AAR during the first quarter worth about $6,226,000. Russell Investments Group Ltd. boosted its holdings in AAR by 69,568.8% in the first quarter. Russell Investments Group Ltd. now owns 22,294 shares of the aerospace company’s stock valued at $1,248,000 after purchasing an additional 22,262 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of AAR by 41.8% in the 1st quarter. Raymond James Financial Inc. now owns 158,461 shares of the aerospace company’s stock valued at $8,872,000 after buying an additional 46,696 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of AAR in the 1st quarter valued at about $205,000. Finally, Synovus Financial Corp raised its holdings in shares of AAR by 37.0% in the first quarter. Synovus Financial Corp now owns 9,427 shares of the aerospace company’s stock valued at $528,000 after buying an additional 2,544 shares during the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.

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.