AAR Corp. (NYSE:AIR) Receives $125.80 Average Target Price from Brokerages

Shares of AAR Corp. (NYSE:AIR) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $128.80.

Several brokerages have issued reports on AIR. Zacks Research downgraded shares of AAR from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Royal Bank Of Canada upped their target price on AAR from $105.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, March 25th. KeyCorp increased their price target on AAR from $109.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, March 25th. Wall Street Zen raised AAR from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Finally, Weiss Ratings raised AAR from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, March 27th.

AAR Trading Up 1.8%

Shares of AIR opened at $111.42 on Thursday. AAR has a twelve month low of $46.51 and a twelve month high of $122.97. The company has a market cap of $4.43 billion, a P/E ratio of 24.70 and a beta of 1.20. The company has a current ratio of 2.70, a quick ratio of 1.23 and a debt-to-equity ratio of 0.54. The company’s fifty day simple moving average is $110.49 and its 200-day simple moving average is $93.71.

AAR (NYSE:AIR) last released its quarterly earnings results on Tuesday, March 24th. The aerospace company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.04. The firm had revenue of $845.10 million during the quarter, compared to analysts’ expectations of $812.58 million. AAR had a net margin of 5.46% and a return on equity of 12.39%. The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.99 EPS. As a group, analysts expect that AAR will post 3.77 EPS for the current year.

Insider Activity at AAR

In related news, CFO Sarah Louise Flanagan sold 10,750 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $108.56, for a total value of $1,167,020.00. Following the transaction, the chief financial officer owned 32,848 shares of the company’s stock, valued at $3,565,978.88. This trade represents a 24.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Jessica A. Garascia sold 4,787 shares of AAR stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $95.25, for a total transaction of $455,961.75. Following the sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 128,984 shares of company stock valued at $12,517,090 over the last ninety days. Company insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On AAR

A number of hedge funds have recently added to or reduced their stakes in AIR. Vanguard Group Inc. raised its stake in shares of AAR by 7.5% during the fourth quarter. Vanguard Group Inc. now owns 4,061,230 shares of the aerospace company’s stock valued at $336,229,000 after acquiring an additional 281,871 shares in the last quarter. State Street Corp boosted its holdings in shares of AAR by 17.1% in the fourth quarter. State Street Corp now owns 2,320,927 shares of the aerospace company’s stock valued at $192,150,000 after purchasing an additional 339,595 shares during the period. Wellington Management Group LLP grew its stake in AAR by 17.4% in the fourth quarter. Wellington Management Group LLP now owns 1,745,352 shares of the aerospace company’s stock worth $144,498,000 after purchasing an additional 258,577 shares in the last quarter. Invesco Ltd. grew its stake in AAR by 4.2% in the second quarter. Invesco Ltd. now owns 1,208,796 shares of the aerospace company’s stock worth $83,153,000 after purchasing an additional 48,376 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in AAR by 36.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,154,167 shares of the aerospace company’s stock worth $107,752,000 after purchasing an additional 311,258 shares during the period. 90.74% of the stock is currently owned by 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.