AAR Corp. (NYSE:AIR) Given Average Rating of “Moderate Buy” by Analysts

AAR Corp. (NYSE:AIR) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $131.20.

Several equities research analysts recently commented on AIR shares. Weiss Ratings upgraded AAR from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, March 27th. Truist Financial upgraded AAR to a “strong-buy” rating in a research report on Friday, May 1st. Jefferies Financial Group upped their target price on AAR to $150.00 and gave the company a “buy” rating in a research report on Tuesday, March 24th. KeyCorp upped their target price on AAR from $120.00 to $132.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Finally, The Goldman Sachs Group began coverage on AAR in a research report on Monday, January 26th. They set a “neutral” rating and a $121.00 target price on the stock.

AAR Trading Down 2.6%

NYSE AIR opened at $101.10 on Friday. The business’s 50-day moving average price is $111.82 and its two-hundred day moving average price is $101.02. AAR has a 12 month low of $58.83 and a 12 month high of $127.21. The firm has a market capitalization of $4.02 billion, a PE ratio of 22.42 and a beta of 1.14. The company has a current ratio of 2.70, a quick ratio of 1.23 and a debt-to-equity ratio of 0.54.

AAR (NYSE:AIR) last released its quarterly earnings results on Tuesday, March 24th. The aerospace company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.04. AAR had a return on equity of 12.39% and a net margin of 5.46%.The firm had revenue of $845.10 million for the quarter, compared to analyst estimates of $812.58 million. During the same quarter in the previous year, the company posted $0.99 EPS. The business’s revenue was up 24.6% on a year-over-year basis. On average, analysts expect that AAR will post 4.97 EPS for the current year.

Insider Buying and Selling at AAR

In other news, CEO John Mcclain Holmes III sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, March 26th. The stock was sold at an average price of $112.41, for a total transaction of $6,744,600.00. Following the transaction, the chief executive officer directly owned 235,064 shares of the company’s stock, valued at $26,423,544.24. This represents a 20.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.60% of the stock is owned by insiders.

Hedge Funds Weigh In On AAR

A number of institutional investors have recently modified their holdings of the company. Wellington Management Group LLP raised its stake in shares of AAR by 144.3% in the third quarter. Wellington Management Group LLP now owns 1,486,775 shares of the aerospace company’s stock worth $133,319,000 after purchasing an additional 878,188 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of AAR by 297.4% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 594,668 shares of the aerospace company’s stock worth $49,233,000 after purchasing an additional 445,026 shares during the last quarter. UBS Group AG increased its position in shares of AAR by 709.2% during the third quarter. UBS Group AG now owns 488,239 shares of the aerospace company’s stock valued at $43,780,000 after acquiring an additional 427,906 shares during the last quarter. State Street Corp increased its position in shares of AAR by 17.1% during the fourth quarter. State Street Corp now owns 2,320,927 shares of the aerospace company’s stock valued at $192,150,000 after acquiring an additional 339,595 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of AAR by 36.9% during the third quarter. Franklin Resources Inc. now owns 1,154,167 shares of the aerospace company’s stock valued at $107,752,000 after acquiring an additional 311,258 shares during the last quarter. 90.74% of the stock is owned by institutional investors and hedge funds.

AAR Company Profile

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.