Brokerages Set AAR Corp. (NYSE:AIR) Target Price at $115.40

AAR Corp. (NYSE:AIR) has been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $115.40.

A number of research analysts have commented on the company. KeyCorp upped their price target on AAR from $93.00 to $109.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Wall Street Zen upgraded AAR from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. The Goldman Sachs Group started coverage on AAR in a report on Monday, January 26th. They set a “neutral” rating and a $121.00 target price for the company. Zacks Research upgraded shares of AAR from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. Finally, Truist Financial set a $107.00 price target on shares of AAR in a research report on Friday, January 9th.

Insider Buying and Selling at AAR

In other news, CFO Sarah Louise Flanagan sold 10,750 shares of the stock in a transaction 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 sale, the chief financial officer directly owned 32,848 shares in the company, valued at approximately $3,565,978.88. This trade represents a 24.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jessica A. Garascia sold 4,787 shares of AAR stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $95.25, for a total value of $455,961.75. Following the completion of the transaction, the chief accounting officer owned 29,557 shares of the company’s stock, valued at approximately $2,815,304.25. This trade represents a 13.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 128,984 shares of company stock valued at $12,517,090 in the last quarter. Corporate insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On AAR

A number of hedge funds have recently bought and sold shares of the stock. McMillan Office Inc. acquired a new position in shares of AAR during the fourth quarter worth about $25,000. Osterweis Capital Management Inc. purchased a new position in AAR in the second quarter worth approximately $26,000. Morse Asset Management Inc purchased a new position in AAR in the third quarter worth approximately $27,000. NBC Securities Inc. acquired a new position in AAR during the 4th quarter worth approximately $28,000. Finally, Danske Bank A S purchased a new stake in shares of AAR in the 4th quarter valued at approximately $28,000. Institutional investors and hedge funds own 90.74% of the company’s stock.

AAR Trading Down 6.8%

NYSE AIR opened at $110.60 on Friday. 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 stock has a market capitalization of $4.38 billion, a P/E ratio of 43.37 and a beta of 1.19. The firm’s 50-day moving average is $105.33 and its two-hundred day moving average is $89.27. AAR has a 12 month low of $46.51 and a 12 month high of $121.64.

AAR (NYSE:AIR) last announced 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 business had revenue of $795.30 million during the quarter, compared to analysts’ expectations of $760.95 million. During the same period last year, the business earned $0.90 earnings per share. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, sell-side analysts anticipate that AAR will post 3.77 earnings per share for the current year.

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.