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

AAR Corp. (NYSE:AIR) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are currently covering the company, Marketbeat reports. Two research 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 twelve-month price objective among brokers that have issued ratings on the stock in the last year is $110.80.

AIR has been the topic of several research reports. The Goldman Sachs Group started coverage on shares of AAR in a research report on Monday, January 26th. They issued a “neutral” rating and a $121.00 price target on the stock. Jefferies Financial Group set a $112.00 price objective on shares of AAR and gave the stock a “buy” rating in a research note on Thursday, January 15th. Wall Street Zen lowered shares of AAR from a “buy” rating to a “hold” rating in a research note on Saturday. Royal Bank Of Canada raised their target price on shares of AAR from $90.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, January 7th. Finally, Truist Financial set a $107.00 price target on AAR in a report on Friday, January 9th.

Insider Buying and Selling

In other AAR news, SVP Christopher A. Jessup sold 23,621 shares of the business’s stock in a transaction dated 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 sale, the senior vice president owned 65,769 shares in the company, valued at approximately $6,382,881.45. The trade was a 26.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jessica A. Garascia sold 4,787 shares of the company’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $95.25, for a total transaction of $455,961.75. Following the sale, the chief accounting officer directly owned 29,557 shares of the company’s stock, valued at $2,815,304.25. This represents a 13.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 128,984 shares of company stock valued at $12,517,090 over the last ninety days. 3.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On AAR

Hedge funds have recently made changes to their positions in the company. Lido Advisors LLC grew its position in AAR by 2.8% during the 4th quarter. Lido Advisors LLC now owns 3,618 shares of the aerospace company’s stock worth $318,000 after purchasing an additional 98 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of AAR by 14.9% during the third quarter. Smartleaf Asset Management LLC now owns 1,036 shares of the aerospace company’s stock valued at $91,000 after buying an additional 134 shares in the last quarter. Arizona State Retirement System raised its position in AAR by 1.4% during the third quarter. Arizona State Retirement System now owns 10,683 shares of the aerospace company’s stock valued at $958,000 after buying an additional 147 shares during the period. CWM LLC raised its position in AAR by 19.3% during the fourth quarter. CWM LLC now owns 950 shares of the aerospace company’s stock valued at $79,000 after buying an additional 154 shares during the period. Finally, Amalgamated Bank lifted its stake 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 in the last quarter. Hedge funds and other institutional investors own 90.74% of the company’s stock.

AAR Trading Down 1.1%

AAR stock opened at $113.08 on Wednesday. AAR has a 12-month low of $46.51 and a 12-month high of $115.92. The stock has a market capitalization of $4.47 billion, a PE ratio of 44.35 and a beta of 1.23. The firm has a 50 day simple moving average of $94.28 and a 200-day simple moving average of $84.61. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.84 and a quick ratio of 1.31.

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

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.