TheStreet upgraded shares of AAR (NYSE:AIR) from a c+ rating to a b rating in a research report report published on Tuesday morning.

A number of other equities analysts also recently issued reports on AIR. ValuEngine raised AAR from a hold rating to a buy rating in a research note on Thursday, March 8th. Zacks Investment Research raised AAR from a hold rating to a buy rating and set a $48.00 target price for the company in a research note on Tuesday, February 20th. Noble Financial reaffirmed a buy rating on shares of AAR in a research note on Friday, December 22nd. Canaccord Genuity raised AAR from a hold rating to a buy rating and raised their price objective for the company from $42.00 to $46.00 in a research note on Thursday, February 8th. Finally, Credit Suisse Group raised AAR from a neutral rating to an outperform rating in a research note on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $47.50.

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AAR (AIR) opened at $42.90 on Tuesday. The stock has a market capitalization of $1,491.63, a P/E ratio of 60.42 and a beta of 1.26. AAR has a one year low of $32.57 and a one year high of $45.60. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.23 and a current ratio of 2.65.

AAR (NYSE:AIR) last issued its earnings results on Tuesday, March 20th. The aerospace company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $456.30 million during the quarter, compared to the consensus estimate of $475.89 million. AAR had a return on equity of 6.02% and a net margin of 1.34%. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 EPS. research analysts anticipate that AAR will post 1.83 earnings per share for the current year.

In related news, Director Ronald R. Fogleman sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $33.47, for a total value of $100,410.00. Following the completion of the transaction, the director now directly owns 23,406 shares of the company’s stock, valued at approximately $783,398.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David P. Storch sold 126,679 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $41.53, for a total value of $5,260,978.87. Following the completion of the transaction, the chief executive officer now directly owns 759,639 shares of the company’s stock, valued at $31,547,807.67. The disclosure for this sale can be found here. Company insiders own 9.33% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. acquired a new stake in AAR during the 3rd quarter valued at $356,000. Victory Capital Management Inc. grew its holdings in AAR by 52.3% during the 3rd quarter. Victory Capital Management Inc. now owns 6,493 shares of the aerospace company’s stock valued at $245,000 after buying an additional 2,231 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in AAR by 72.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 17,545 shares of the aerospace company’s stock valued at $663,000 after buying an additional 7,382 shares during the last quarter. Sei Investments Co. grew its holdings in AAR by 14.3% during the 3rd quarter. Sei Investments Co. now owns 124,089 shares of the aerospace company’s stock valued at $4,688,000 after buying an additional 15,508 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its holdings in AAR by 41.8% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 15,540 shares of the aerospace company’s stock valued at $587,000 after buying an additional 4,580 shares during the last quarter. 89.38% of the stock is owned by hedge funds and other institutional investors.

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AAR Company Profile

AAR CORP. (AAR) is a provider of services and products to the commercial aviation and government and defense markets. The Company operates in two segments: Aviation Services, which consists of supply chain and maintenance, repair and overhaul (MRO) activities, and Expeditionary Services, which includes airlift and mobility activities.

Analyst Recommendations for AAR (NYSE:AIR)

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