AAR (NYSE:AIR) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of AAR (NYSE:AIR) from a buy rating to a hold rating in a research note issued to investors on Saturday.

A number of other equities analysts have also recently issued reports on AIR. Zacks Research raised shares of AAR from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 30th. Truist Financial raised their price target on AAR from $81.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Royal Bank Of Canada reissued an “outperform” rating and issued a $85.00 price target on shares of AAR in a report on Wednesday, September 24th. Weiss Ratings reiterated a “hold (c-)” rating on shares of AAR in a research note on Wednesday, October 8th. Finally, KeyCorp raised their target price on AAR from $86.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $89.33.

AAR Stock Performance

Shares of AIR opened at $84.58 on Friday. The business’s fifty day moving average price is $79.29 and its 200 day moving average price is $70.85. AAR has a 12-month low of $46.51 and a 12-month high of $89.69. The stock has a market capitalization of $3.31 billion, a PE ratio of 108.43 and a beta of 1.52. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.91 and a quick ratio of 1.31.

AAR (NYSE:AIR) last posted its quarterly earnings results on Wednesday, May 28th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter. AAR had a net margin of 1.01% and a return on equity of 12.29%. The company had revenue of $553.30 million for the quarter. Equities research analysts forecast that AAR will post 3.77 EPS for the current year.

Insider Buying and Selling

In other news, CEO John Mcclain Holmes III sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $71.70, for a total transaction of $717,000.00. Following the transaction, the chief executive officer directly owned 298,603 shares of the company’s stock, valued at approximately $21,409,835.10. This trade represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AAR

Large investors have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new position in AAR during the 1st quarter valued at about $209,000. Raymond James Financial Inc. increased its stake in shares of AAR by 41.8% during the first quarter. Raymond James Financial Inc. now owns 158,461 shares of the aerospace company’s stock valued at $8,872,000 after acquiring an additional 46,696 shares during the period. Russell Investments Group Ltd. increased its stake in shares of AAR by 69,568.8% during the first quarter. Russell Investments Group Ltd. now owns 22,294 shares of the aerospace company’s stock valued at $1,248,000 after acquiring an additional 22,262 shares during the period. Natixis Advisors LLC increased its stake in shares of AAR by 57.4% during the first quarter. Natixis Advisors LLC now owns 23,591 shares of the aerospace company’s stock valued at $1,321,000 after acquiring an additional 8,601 shares during the period. Finally, Teacher Retirement System of Texas acquired a new position in shares of AAR during the 1st quarter valued at $294,000. Institutional investors and hedge funds own 90.74% of the company’s stock.

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.