AAR (NYSE:AIR) Reaches New 1-Year High – Time to Buy?

Shares of AAR Corp. (NYSE:AIR) reached a new 52-week high during trading on Tuesday . The stock traded as high as $147.88 and last traded at $146.67, with a volume of 9639 shares changing hands. The stock had previously closed at $143.06.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AIR. Wall Street Zen cut shares of AAR from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. KeyCorp reaffirmed a “sector weight” rating on shares of AAR in a research note on Wednesday, July 22nd. Jefferies Financial Group increased their price objective on AAR from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Weiss Ratings upgraded AAR from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 23rd. Finally, Zacks Research raised shares of AAR from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, AAR presently has an average rating of “Moderate Buy” and an average price target of $135.60.

AAR Stock Performance

The company has a market cap of $5.85 billion, a price-to-earnings ratio of 30.37 and a beta of 1.11. The company has a current ratio of 2.84, a quick ratio of 1.24 and a debt-to-equity ratio of 0.52. The stock’s 50 day moving average price is $132.11 and its 200 day moving average price is $118.75.

AAR (NYSE:AIR) last released its earnings results on Tuesday, July 21st. The aerospace company reported $1.53 earnings per share (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 analysts’ expectations of $893.03 million. During the same period last year, the company earned $1.16 earnings per share. The company’s quarterly revenue was up 23.0% on a year-over-year basis. On average, analysts expect that AAR Corp. will post 5.92 EPS for the current fiscal year.

Hedge Funds Weigh In On AAR

A number of hedge funds have recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of AAR during the 1st quarter worth $25,000. McMillan Office Inc. acquired a new position in AAR in the fourth quarter valued at $25,000. Osterweis Capital Management Inc. acquired a new position in AAR in the second quarter valued at $26,000. Morse Asset Management Inc purchased a new stake in AAR during the third quarter valued at about $27,000. Finally, NBC Securities Inc. purchased a new stake in AAR during the fourth quarter valued at about $28,000. Institutional investors and hedge funds own 90.74% of the company’s stock.

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.