AAR Corp. (NYSE:AIR) Receives Consensus Rating of “Moderate Buy” from Analysts

AAR Corp. (NYSE:AIR) has been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $131.20.

AIR has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of AAR from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Truist Financial raised shares of AAR to a “strong-buy” rating in a research report on Friday, May 1st. Weiss Ratings upgraded shares of AAR from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, June 15th. Wall Street Zen lowered AAR from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Finally, Royal Bank Of Canada raised 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.

AAR Stock Performance

Shares of AIR opened at $133.43 on Friday. The stock has a 50-day simple moving average of $121.42 and a 200-day simple moving average of $112.10. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.23 and a current ratio of 2.70. The stock has a market capitalization of $5.31 billion, a PE ratio of 29.59 and a beta of 1.09. AAR has a 1 year low of $71.43 and a 1 year high of $146.75.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in AAR by 7.5% during the fourth quarter. Vanguard Group Inc. now owns 4,061,230 shares of the aerospace company’s stock worth $336,229,000 after purchasing an additional 281,871 shares during the last quarter. State Street Corp raised its holdings in AAR by 17.1% during the fourth quarter. State Street Corp now owns 2,320,927 shares of the aerospace company’s stock worth $192,150,000 after purchasing an additional 339,595 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of AAR by 17.4% during the 4th quarter. Wellington Management Group LLP now owns 1,745,352 shares of the aerospace company’s stock worth $144,498,000 after buying an additional 258,577 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of AAR by 36.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,154,167 shares of the aerospace company’s stock worth $107,752,000 after buying an additional 311,258 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings 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 buying an additional 80,265 shares in the last quarter. Hedge funds and other institutional investors 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.