AAR (NYSE:AIR) Shares Cross Above 50-Day Moving Average – Time to Sell?

AAR Corp. (NYSE:AIR) shares passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $109.55 and traded as high as $117.89. AAR shares last traded at $116.2950, with a volume of 435,742 shares traded.

Wall Street Analysts Forecast Growth

AIR has been the subject of several analyst reports. Weiss Ratings lowered shares of AAR from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, November 2nd. Zacks Research downgraded shares of AAR from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Wall Street Zen upgraded shares of AAR from a “hold” rating to a “buy” rating in a report on Saturday, October 3rd. KeyCorp reissued a “sector weight” rating on shares of AAR in a research report on Wednesday, July 22nd. Finally, Truist Financial raised their price objective on shares of AAR from $128.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $140.60.

AAR Stock Performance

The firm has a market capitalization of $4.67 billion, a P/E ratio of 23.83 and a beta of 1.14. The firm has a 50-day moving average price of $109.55 and a two-hundred day moving average price of $118.57. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.83 and a quick ratio of 1.28.

AAR (NYSE:AIR) last announced its quarterly earnings results on Monday, September 28th. The aerospace company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.19. AAR had a return on equity of 12.99% and a net margin of 5.55%. The firm had revenue of $918.00 million during the quarter, compared to analyst estimates of $878.81 million. During the same quarter in the previous year, the business earned $1.08 earnings per share. AAR’s quarterly revenue was up 24.1% on a year-over-year basis. On average, analysts forecast that AAR Corp. will post 5.89 EPS for the current fiscal year.

Insider Activity

In other news, CEO John Holmes, III sold 35,000 shares of the business’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $97.41, for a total value of $3,409,350.00. Following the completion of the sale, the chief executive officer owned 406,362 shares in the company, valued at approximately $39,583,722.42. The trade was a 7.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ellen M. Lord sold 4,341 shares of the company’s stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $104.64, for a total transaction of $454,242.24. Following the completion of the sale, the director directly owned 5,814 shares of the company’s stock, valued at $608,376.96. The trade was a 42.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 43,582 shares of company stock worth $4,288,710. 3.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On AAR

Several institutional investors have recently bought and sold shares of the business. Virtus Advisers LLC increased its holdings in shares of AAR by 19.6% in the 3rd quarter. Virtus Advisers LLC now owns 11,591 shares of the aerospace company’s stock valued at $1,176,000 after acquiring an additional 1,897 shares during the period. Russell Investments Group Ltd. raised its position in shares of AAR by 7.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 29,691 shares of the aerospace company’s stock worth $3,013,000 after acquiring an additional 2,167 shares in the last quarter. Maryland State Retirement & Pension System lifted its stake in shares of AAR by 55.4% during the 3rd quarter. Maryland State Retirement & Pension System now owns 8,864 shares of the aerospace company’s stock worth $899,000 after purchasing an additional 3,159 shares during the last quarter. Illinois Municipal Retirement Fund lifted its stake in shares of AAR by 5.7% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 20,989 shares of the aerospace company’s stock worth $2,130,000 after purchasing an additional 1,134 shares during the last quarter. Finally, Lido Advisors LLC lifted its stake in shares of AAR by 6.8% during the 3rd quarter. Lido Advisors LLC now owns 5,000 shares of the aerospace company’s stock worth $507,000 after purchasing an additional 320 shares during the last quarter. 90.74% of the stock is owned by hedge funds and other institutional investors.

AAR Company Profile

AAR Corp. is a global provider of aviation services and products for commercial airlines, aircraft operators, original equipment manufacturers and government customers. Its offerings include aircraft parts and component distribution, repair and maintenance, engineering services, and supply-chain and inventory management.

The company also provides services to support government and defense aviation operations, including logistics and airlift-related support. AAR serves customers across multiple regions, with operations and facilities in the Americas, Europe and other international markets.

Founded in 1955, AAR began as a business supplying surplus aircraft parts and expanded into a broader aviation aftermarket and services provider.