AAR Corp. (NYSE:AIR) Stock Has Consensus Price Target of $140.60

Shares of AAR Corp. (NYSE:AIR) have been assigned an average rating of “Hold” from the eight analysts that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $140.60.

AIR has been the subject of several recent analyst reports. Zacks Research downgraded AAR from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Truist Financial lifted their price target on AAR from $128.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Guggenheim reiterated a “neutral” rating on shares of AAR in a report on Tuesday, September 29th. KeyCorp reissued a “sector weight” rating on shares of AAR in a research report on Wednesday, July 22nd. Finally, Jefferies Financial Group increased their price objective on AAR from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, September 29th.

Insider Buying and Selling at AAR

In other AAR news, Director Ellen M. Lord sold 4,341 shares of the stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $104.64, for a total value 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. This represents a 42.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John Holmes, III sold 35,000 shares of the firm’s stock in a transaction on Monday, October 26th. The stock was sold at an average price of $97.41, for a total transaction of $3,409,350.00. Following the completion of the sale, the chief executive officer owned 406,362 shares in the company, valued at $39,583,722.42. This represents a 7.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 43,582 shares of company stock valued at $4,288,710. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in AAR during the second quarter worth about $925,068,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in AAR during the second quarter valued at about $84,251,000. Bank of New York Mellon Corp bought a new position in AAR during the second quarter valued at about $39,024,000. Bank of America Corp DE acquired a new position in AAR in the 2nd quarter valued at approximately $33,649,000. Finally, Artemis Investment Management LLP raised its holdings in AAR by 1,031.6% in the 3rd quarter. Artemis Investment Management LLP now owns 229,783 shares of the aerospace company’s stock valued at $23,316,000 after acquiring an additional 209,477 shares in the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.

AAR Stock Down 5.0%

AAR stock opened at $108.46 on Friday. 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 has a fifty-two week low of $76.10 and a fifty-two week high of $154.00. The firm has a fifty day moving average price of $108.77 and a two-hundred day moving average price of $118.68. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of 22.23 and a beta of 1.14.

AAR (NYSE:AIR) last issued its quarterly earnings results on Monday, September 28th. The aerospace company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.19. The company had revenue of $918.00 million for the quarter, compared to the consensus estimate of $878.81 million. AAR had a return on equity of 12.99% and a net margin of 5.55%. The firm’s revenue was up 24.1% compared to the same quarter last year. During the same period last year, the business posted $1.08 earnings per share. As a group, analysts forecast that AAR will post 5.89 earnings per share for the current year.

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.