AAR (NYSE:AIR) Sets New 12-Month High – Should You Buy?

AAR Corp. (NYSE:AIR) reached a new 52-week high on Thursday . The stock traded as high as $135.19 and last traded at $134.0290, with a volume of 56530 shares trading hands. The stock had previously closed at $132.14.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AIR. Truist Financial raised AAR to a “strong-buy” rating in a report on Friday, May 1st. Weiss Ratings upgraded AAR from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. KeyCorp boosted their price objective on shares of AAR from $120.00 to $132.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. Royal Bank Of Canada raised their target price on shares of AAR from $105.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, March 25th. Finally, Zacks Research cut shares of AAR from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, AAR currently has a consensus rating of “Moderate Buy” and an average target price of $131.20.

AAR Price Performance

The stock’s 50-day moving average price is $115.46 and its 200 day moving average price is $106.20. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 29.47 and a beta of 1.13. The company has a quick ratio of 1.23, a current ratio of 2.70 and a debt-to-equity ratio of 0.54.

AAR (NYSE:AIR) last posted its quarterly earnings results on Tuesday, March 24th. The aerospace company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.04. The firm had revenue of $845.10 million during the quarter, compared to analyst estimates of $812.58 million. AAR had a net margin of 5.46% and a return on equity of 12.39%. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.99 earnings per share. Equities research analysts predict that AAR Corp. will post 4.97 earnings per share for the current year.

Insider Activity at AAR

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

Institutional Investors Weigh In On AAR

Institutional investors and hedge funds have recently made changes to their positions in the company. Lido Advisors LLC increased its position in shares of AAR by 2.8% during the 4th quarter. Lido Advisors LLC now owns 3,618 shares of the aerospace company’s stock worth $318,000 after purchasing an additional 98 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of AAR by 12.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,162 shares of the aerospace company’s stock worth $97,000 after buying an additional 126 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of AAR by 1.7% in the first quarter. PNC Financial Services Group Inc. now owns 8,073 shares of the aerospace company’s stock valued at $884,000 after acquiring an additional 132 shares during the last quarter. CWM LLC boosted its holdings in shares of AAR by 19.3% in the 4th quarter. CWM LLC now owns 950 shares of the aerospace company’s stock worth $79,000 after acquiring an additional 154 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in AAR by 10.7% during the 1st quarter. Assetmark Inc. now owns 1,606 shares of the aerospace company’s stock valued at $176,000 after purchasing an additional 155 shares in the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.

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.