AAR (NYSE:AIR) Sets New 52-Week High – Should You Buy?

AAR Corp. (NYSE:AIR) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $121.64 and last traded at $117.3220, with a volume of 160593 shares trading hands. The stock had previously closed at $117.17.

Wall Street Analyst Weigh In

AIR has been the topic of several recent analyst reports. Zacks Research raised AAR from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. KeyCorp lifted their target price on shares of AAR from $93.00 to $109.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Truist Financial set a $107.00 price target on shares of AAR in a research note on Friday, January 9th. Jefferies Financial Group lifted their price objective on shares of AAR to $135.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Finally, Wall Street Zen upgraded AAR from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $115.40.

AAR Trading Up 2.2%

The stock has a market capitalization of $4.74 billion, a PE ratio of 46.98 and a beta of 1.23. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.84 and a quick ratio of 1.31. The company’s 50 day moving average price is $102.89 and its two-hundred day moving average price is $88.33.

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

Insider Activity

In other AAR news, CEO John Mcclain Holmes III sold 10,000 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $108.44, for a total value of $1,084,400.00. Following the transaction, the chief executive officer directly owned 237,064 shares in the company, valued at $25,707,220.16. The trade was a 4.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Sarah Louise Flanagan sold 10,750 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $108.56, for a total value of $1,167,020.00. Following the completion of the transaction, the chief financial officer owned 32,848 shares of the company’s stock, valued at $3,565,978.88. The trade was a 24.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 128,984 shares of company stock worth $12,517,090. Company insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On AAR

Several hedge funds have recently bought and sold shares of the company. McMillan Office Inc. acquired a new position in AAR in the 4th quarter valued at about $25,000. Morse Asset Management Inc purchased a new position in shares of AAR in the third quarter valued at approximately $27,000. Danske Bank A S purchased a new stake in AAR during the 4th quarter worth approximately $28,000. Optiver Holding B.V. purchased a new position in AAR in the 3rd quarter valued at approximately $31,000. Finally, NBC Securities Inc. purchased a new stake in shares of AAR during the fourth quarter worth $28,000. Institutional investors and hedge funds own 90.74% of the company’s stock.

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.