AAR (NYSE:AIR) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen lowered shares of AAR (NYSE:AIR) from a buy rating to a hold rating in a report published on Saturday morning.

Several other research firms also recently issued reports on AIR. Zacks Research raised shares of AAR from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. Weiss Ratings raised shares of AAR from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. KeyCorp restated a “sector weight” rating on shares of AAR in a report on Wednesday, July 22nd. Jefferies Financial Group raised their target price on AAR from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, Truist Financial lifted their target price on AAR from $128.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $135.60.

AAR Stock Performance

AAR stock opened at $140.00 on Friday. The business has a 50 day moving average of $130.00 and a 200-day moving average of $117.66. AAR has a 1 year low of $71.43 and a 1 year high of $146.75. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.84 and a quick ratio of 1.24. The company has a market capitalization of $5.58 billion, a P/E ratio of 28.98 and a beta of 1.09.

AAR (NYSE:AIR) last posted its earnings results on Tuesday, July 21st. The aerospace company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.38 by $0.15. AAR had a net margin of 5.67% and a return on equity of 12.67%. The business had revenue of $928.00 million for the quarter, compared to the consensus estimate of $893.03 million. During the same period last year, the company earned $1.16 EPS. The firm’s revenue was up 23.0% compared to the same quarter last year. On average, equities research analysts predict that AAR will post 5.92 earnings per share for the current year.

Institutional Investors Weigh In On AAR

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in AAR by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 4,061,230 shares of the aerospace company’s stock valued at $336,229,000 after buying an additional 281,871 shares during the period. State Street Corp raised its position in shares of AAR by 17.1% in the 4th quarter. State Street Corp now owns 2,320,927 shares of the aerospace company’s stock worth $192,150,000 after acquiring an additional 339,595 shares in the last quarter. Wellington Management Group LLP raised its position in shares of AAR by 17.4% in the 4th quarter. Wellington Management Group LLP now owns 1,745,352 shares of the aerospace company’s stock worth $144,498,000 after acquiring an additional 258,577 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of AAR by 36.9% in the 3rd quarter. Franklin Resources Inc. now owns 1,154,167 shares of the aerospace company’s stock valued at $107,752,000 after purchasing an additional 311,258 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of AAR by 7.7% in the 4th quarter. Invesco Ltd. now owns 1,122,792 shares of the aerospace company’s stock valued at $92,956,000 after purchasing an additional 80,265 shares during the period. 90.74% of the stock is currently owned by institutional investors and hedge funds.

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.