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

Shares of AAR Corp. (NYSE:AIR – Get Rating) have received an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $55.33.

A number of analysts have commented on the stock. StockNews.com assumed coverage on shares of AAR in a report on Thursday, March 31st. They set a “hold” rating for the company. Truist Financial upped their target price on shares of AAR from $53.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, March 23rd. Finally, Royal Bank of Canada upped their target price on shares of AAR from $50.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, March 23rd.

In related news, VP Christopher A. Jessup sold 6,100 shares of the company’s stock in a transaction on Friday, April 8th. The shares were sold at an average price of $49.61, for a total transaction of $302,621.00. Following the completion of the transaction, the vice president now owns 40,306 shares in the company, valued at $1,999,580.66. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John Mcclain Holmes III sold 15,100 shares of the company’s stock in a transaction on Wednesday, April 6th. The stock was sold at an average price of $47.23, for a total transaction of $713,173.00. Following the transaction, the chief executive officer now owns 244,041 shares of the company’s stock, valued at approximately $11,526,056.43. The disclosure for this sale can be found here. Over the last three months, insiders sold 153,042 shares of company stock valued at $7,640,586. Corporate insiders own 7.50% of the company’s stock.

Several large investors have recently modified their holdings of AIR. Morgan Stanley lifted its position in AAR by 9.4% during the third quarter. Morgan Stanley now owns 373,656 shares of the aerospace company’s stock valued at $12,118,000 after purchasing an additional 32,135 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in AAR by 6.6% during the third quarter. BNP Paribas Arbitrage SA now owns 79,321 shares of the aerospace company’s stock valued at $2,572,000 after purchasing an additional 4,939 shares during the last quarter. Integrated Investment Consultants LLC bought a new position in AAR during the fourth quarter valued at $321,000. FourThought Financial LLC bought a new position in AAR during the fourth quarter valued at $38,000. Finally, Meyer Handelman Co. lifted its position in AAR by 50.0% during the fourth quarter. Meyer Handelman Co. now owns 13,500 shares of the aerospace company’s stock valued at $527,000 after purchasing an additional 4,500 shares during the last quarter. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Shares of AIR stock opened at $42.00 on Tuesday. AAR has a 12 month low of $30.90 and a 12 month high of $52.83. The stock has a market cap of $1.48 billion, a P/E ratio of 21.88 and a beta of 1.57. The company has a current ratio of 2.85, a quick ratio of 1.29 and a debt-to-equity ratio of 0.10. The company has a 50 day simple moving average of $45.56 and a two-hundred day simple moving average of $44.46.

AAR Company Profile (Get Rating)

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services. This segment also sells and leases new, overhauled, and repaired engine and airframe parts, and components; and provides inventory and repair programs, warranty claim management, and outsourcing programs for engine and airframe parts and components, as well as performance-based supply chain logistics programs in support of the U.S.

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