AAR (NYSE:AIR) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of AAR (NYSE:AIR) from a hold rating to a buy rating in a research report sent to investors on Saturday.

Other equities analysts have also recently issued reports about the company. Royal Bank Of Canada increased their price target on AAR from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. Weiss Ratings reissued a “hold (c-)” rating on shares of AAR in a research note on Monday, December 29th. Jefferies Financial Group started coverage on shares of AAR in a report on Wednesday, December 17th. They issued a “buy” rating and a $100.00 price target for the company. Truist Financial upped their price objective on shares of AAR from $81.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Finally, Zacks Research downgraded AAR from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, AAR currently has an average rating of “Moderate Buy” and a consensus target price of $93.25.

AAR Stock Performance

Shares of AIR opened at $84.52 on Friday. The company has a current ratio of 2.91, a quick ratio of 1.31 and a debt-to-equity ratio of 0.82. The firm’s fifty day simple moving average is $82.73 and its two-hundred day simple moving average is $78.76. AAR has a 12 month low of $46.51 and a 12 month high of $89.69. The stock has a market capitalization of $3.31 billion, a P/E ratio of 108.37 and a beta of 1.24.

AAR (NYSE:AIR) last announced its quarterly earnings data on Wednesday, May 28th. The aerospace company reported $0.83 earnings per share (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 for the quarter. As a group, analysts predict that AAR will post 3.77 EPS for the current year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC lifted its stake in AAR by 14.9% in the third quarter. Smartleaf Asset Management LLC now owns 1,036 shares of the aerospace company’s stock valued at $91,000 after purchasing an additional 134 shares during the last quarter. Sheets Smith Wealth Management lifted its position in shares of AAR by 1.9% during the 2nd quarter. Sheets Smith Wealth Management now owns 7,416 shares of the aerospace company’s stock valued at $510,000 after buying an additional 135 shares during the last quarter. Arizona State Retirement System grew its stake in shares of AAR by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 10,683 shares of the aerospace company’s stock worth $958,000 after acquiring an additional 147 shares during the period. Amalgamated Bank increased its holdings in AAR by 1.7% in the 3rd quarter. Amalgamated Bank now owns 10,243 shares of the aerospace company’s stock worth $918,000 after acquiring an additional 175 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its stake in AAR by 4.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 5,482 shares of the aerospace company’s stock valued at $377,000 after acquiring an additional 231 shares during the period. Hedge funds and other institutional investors own 90.74% of the company’s stock.

AAR Company Profile

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.