AAR (NYSE:AIR) Rating Increased to Strong-Buy at Truist Financial

Truist Financial upgraded shares of AAR (NYSE:AIR) to a strong-buy rating in a research report report published on Friday morning,Zacks.com reports.

A number of other research analysts also recently commented on AIR. Royal Bank Of Canada boosted their price target on AAR from $105.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, March 25th. The Goldman Sachs Group started coverage on AAR in a research note on Monday, January 26th. They issued a “neutral” rating and a $121.00 price target for the company. Zacks Research downgraded AAR from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Wall Street Zen raised AAR from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 25th. Finally, Jefferies Financial Group boosted their price target on AAR to $150.00 and gave the company a “buy” rating in a research note on Tuesday, March 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $131.20.

AAR Stock Performance

Shares of AIR traded down $0.02 during midday trading on Friday, reaching $110.35. 234,067 shares of the stock were exchanged, compared to its average volume of 357,141. AAR has a twelve month low of $55.53 and a twelve month high of $127.21. The company has a quick ratio of 1.23, a current ratio of 2.70 and a debt-to-equity ratio of 0.54. The company has a market cap of $4.39 billion, a P/E ratio of 24.47 and a beta of 1.20. The stock’s 50 day simple moving average is $113.00 and its 200 day simple moving average is $98.71.

AAR (NYSE:AIR) last posted its earnings results on Tuesday, March 24th. The aerospace company reported $1.25 earnings per share for the quarter, topping 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 company had revenue of $845.10 million during the quarter, compared to the consensus estimate of $812.58 million. During the same quarter last year, the firm earned $0.99 earnings per share. The company’s revenue was up 24.6% on a year-over-year basis. On average, sell-side analysts expect that AAR will post 4.95 earnings per share for the current year.

Insider Activity at AAR

In other news, CFO Sarah Louise Flanagan sold 10,750 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $108.56, for a total value of $1,167,020.00. Following the completion of the transaction, the chief financial officer owned 32,848 shares of the company’s stock, valued at $3,565,978.88. This represents a 24.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO John Mcclain Holmes III sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, March 26th. The shares were sold at an average price of $112.41, for a total value of $6,744,600.00. Following the completion of 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 position. The SEC filing for this sale provides additional information. Insiders sold 106,925 shares of company stock valued at $11,812,450 in the last ninety days. 3.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of AAR in the first quarter valued at approximately $25,000. McMillan Office Inc. acquired a new stake in AAR during the 4th quarter valued at approximately $25,000. Osterweis Capital Management Inc. acquired a new stake in AAR during the 2nd quarter valued at approximately $26,000. Morse Asset Management Inc bought a new position in AAR during the 3rd quarter worth approximately $27,000. Finally, NBC Securities Inc. acquired a new position in shares of AAR in the 4th quarter worth approximately $28,000. 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.