AAR (NYSE:AIR) Shares Down 4.6% – Should You Sell?

AAR Corp. (NYSE:AIR) fell 4.6% during mid-day trading on Thursday . The company traded as low as $112.53 and last traded at $111.84. 168,575 shares changed hands during trading, a decline of 63% from the average session volume of 459,908 shares. The stock had previously closed at $117.23.

Analysts Set New Price Targets

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

AAR Stock Performance

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 firm has a market capitalization of $4.43 billion, a PE ratio of 23.11 and a beta of 1.11. The firm has a fifty day moving average price of $135.08 and a 200 day moving average price of $123.68.

AAR (NYSE:AIR) last posted its quarterly earnings data 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 return on equity of 12.67% and a net margin of 5.67%.The firm had revenue of $928.00 million for the quarter, compared to the consensus estimate of $893.03 million. During the same quarter in the previous year, the company earned $1.16 EPS. The business’s revenue for the quarter was up 23.0% compared to the same quarter last year. Research analysts anticipate that AAR Corp. will post 5.92 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AAR

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of AAR in the first quarter valued at $25,000. Global Retirement Partners LLC acquired a new position in AAR during the second quarter valued at $39,000. Optiver Holding B.V. lifted its stake in AAR by 218.6% in the 1st quarter. Optiver Holding B.V. now owns 274 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 188 shares in the last quarter. Nykredit A S purchased a new stake in AAR in the 2nd quarter worth about $63,000. Finally, McMillan Office Inc. boosted its position in AAR by 66.7% during the 1st quarter. McMillan Office Inc. now owns 500 shares of the aerospace company’s stock worth $55,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 90.74% of the company’s stock.

AAR Company Profile

AAR Corp. is a global provider of aviation services supporting commercial aviation, government and defense customers. The company supplies aircraft parts and equipment, manages inventory and logistics, and provides maintenance, repair and overhaul services for aircraft and components.

AAR’s offerings include parts distribution, supply-chain management, aircraft maintenance, airframe and component repair, and mobility solutions for government and defense operators. Its services are designed to help airlines, aircraft operators and government agencies maintain fleet readiness and manage aviation assets.

Founded in 1955, AAR is headquartered in Wood Dale, Illinois, and serves customers across North America, Europe, Asia and other international markets.