AAR Corp. (NYSE:AIR) Receives Average Recommendation of “Buy” from Analysts

AAR Corp. (NYSE:AIR) has received a consensus recommendation of “Buy” from the five analysts that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $80.80.

A number of equities research analysts recently commented on the stock. Truist Financial reduced their price objective on shares of AAR from $81.00 to $78.00 and set a “buy” rating for the company in a research report on Friday. KeyCorp initiated coverage on AAR in a research report on Thursday, January 16th. They issued an “overweight” rating and a $83.00 price objective for the company. Finally, StockNews.com lowered shares of AAR from a “hold” rating to a “sell” rating in a research report on Wednesday, February 5th.

Insiders Place Their Bets

In related news, CEO John Mcclain Holmes III sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $70.81, for a total value of $354,050.00. Following the sale, the chief executive officer now directly owns 341,680 shares of the company’s stock, valued at approximately $24,194,360.80. This trade represents a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jessica A. Garascia sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $66.90, for a total transaction of $100,350.00. Following the transaction, the chief accounting officer now directly owns 37,565 shares of the company’s stock, valued at $2,513,098.50. This trade represents a 3.84 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 185,793 shares of company stock valued at $12,538,396. Corporate insiders own 4.10% of the company’s stock.

Institutional Investors Weigh In On AAR

Several institutional investors and hedge funds have recently added to or reduced their stakes in AIR. National Bank of Canada FI purchased a new stake in shares of AAR during the 3rd quarter worth about $25,000. Putney Financial Group LLC purchased a new stake in AAR during the fourth quarter worth approximately $30,000. Virtus Fund Advisers LLC acquired a new stake in shares of AAR in the fourth quarter worth $36,000. Sterling Capital Management LLC raised its stake in shares of AAR by 761.2% in the 4th quarter. Sterling Capital Management LLC now owns 887 shares of the aerospace company’s stock valued at $54,000 after acquiring an additional 784 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of AAR by 124.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the aerospace company’s stock valued at $62,000 after acquiring an additional 561 shares in the last quarter. 90.74% of the stock is currently owned by institutional investors and hedge funds.

AAR Stock Performance

AAR stock traded down $9.96 during mid-day trading on Friday, reaching $58.39. 858,918 shares of the company were exchanged, compared to its average volume of 277,421. The firm has a market cap of $2.10 billion, a PE ratio of 208.45 and a beta of 1.58. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.27 and a current ratio of 2.68. The firm’s 50-day simple moving average is $66.95 and its two-hundred day simple moving average is $65.49. AAR has a twelve month low of $54.71 and a twelve month high of $76.34.

AAR (NYSE:AIR) last announced its quarterly earnings data on Thursday, March 27th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.03. AAR had a net margin of 0.41% and a return on equity of 10.46%. The company had revenue of $678.20 million for the quarter, compared to analysts’ expectations of $699.13 million. During the same period in the previous year, the company posted $0.85 EPS. AAR’s revenue was up 19.5% compared to the same quarter last year. Equities analysts predict that AAR will post 3.77 earnings per share for the current fiscal year.

AAR Company Profile

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Parts Supply segment leases and sells aircraft components and replacement parts. The Repair & Engineering segment provides airframe maintenance services, such as airframe inspection, painting, line maintenance, airframe modification, structural repair, avionics service and installation, exterior and interior refurbishment, and engineering and support services; component repair services comprising maintenance, repair, and overhaul (MRO) services, engine and airframe accessories, and interior refurbishment; and landing gear overhaul services, including repair services on wheels and brakes.