AAR (NYSE:AIR) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of AAR (NYSE:AIR) from a buy rating to a hold rating in a research note released on Saturday.

Other equities research analysts have also recently issued reports about the stock. KeyCorp increased their price objective on shares of AAR from $93.00 to $109.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Truist Financial set a $107.00 price target on shares of AAR in a research report on Friday, January 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of AAR in a research report on Monday, December 29th. The Goldman Sachs Group initiated coverage on AAR in a research note on Monday, January 26th. They issued a “neutral” rating and a $121.00 price objective on the stock. Finally, Jefferies Financial Group set a $112.00 target price on AAR and gave the stock a “buy” rating in a research note on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $110.80.

AAR Trading Up 1.1%

Shares of AIR opened at $114.34 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.31 and a current ratio of 2.84. AAR has a 52-week low of $46.51 and a 52-week high of $115.92. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of 44.84 and a beta of 1.23. The business’s fifty day moving average is $93.67 and its 200-day moving average is $84.35.

AAR (NYSE:AIR) last posted its quarterly earnings results on Tuesday, January 6th. The aerospace company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. AAR had a net margin of 3.17% and a return on equity of 12.40%. The company had revenue of $795.30 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. Equities analysts anticipate that AAR will post 3.77 EPS for the current fiscal year.

Insider Buying and Selling at AAR

In related news, CAO Jessica A. Garascia sold 4,787 shares of AAR stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $95.25, for a total transaction of $455,961.75. Following the transaction, the chief accounting officer owned 29,557 shares of the company’s stock, valued at $2,815,304.25. The trade was a 13.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Christopher A. Jessup sold 23,621 shares of the stock in a transaction on Friday, January 9th. The shares were sold at an average price of $97.05, for a total value of $2,292,418.05. Following the completion of the sale, the senior vice president directly owned 65,769 shares of the company’s stock, valued at $6,382,881.45. The trade was a 26.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 128,984 shares of company stock worth $12,517,090. Corporate insiders own 3.60% of the company’s stock.

Institutional Trading of AAR

A number of institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. lifted its holdings in shares of AAR by 35.2% in the third quarter. Principal Financial Group Inc. now owns 640,707 shares of the aerospace company’s stock worth $57,452,000 after buying an additional 166,903 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in AAR during the third quarter valued at approximately $1,042,000. Oliver Luxxe Assets LLC bought a new stake in AAR during the 3rd quarter worth approximately $2,755,000. Legal & General Group Plc lifted its stake in AAR by 12.1% in the 2nd quarter. Legal & General Group Plc now owns 120,577 shares of the aerospace company’s stock worth $8,294,000 after purchasing an additional 12,976 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its holdings in AAR by 8.7% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 211,132 shares of the aerospace company’s stock valued at $18,932,000 after purchasing an additional 16,892 shares during the period. 90.74% of the stock is owned by hedge funds and other institutional investors.

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.