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

Shares of AAR Corp. (NYSE:AIR) have received a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $131.20.

A number of brokerages have recently weighed in on AIR. Wall Street Zen cut shares of AAR from a “strong-buy” rating to a “buy” rating in a research note on Sunday. KeyCorp boosted their target price on shares of AAR from $120.00 to $132.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Weiss Ratings lowered shares of AAR from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Truist Financial raised shares of AAR to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Jefferies Financial Group boosted their target price on shares of AAR to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, March 24th.

Insider Transactions at AAR

In related news, CEO John Mcclain Holmes III sold 60,000 shares of the business’s stock in a transaction on Thursday, March 26th. The shares were sold at an average price of $112.41, for a total transaction of $6,744,600.00. Following the transaction, the chief executive officer owned 235,064 shares of the company’s stock, valued at approximately $26,423,544.24. The trade was a 20.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On AAR

A number of institutional investors and hedge funds have recently bought and sold shares of AIR. Wellington Management Group LLP increased its position in AAR by 144.3% during the third quarter. Wellington Management Group LLP now owns 1,486,775 shares of the aerospace company’s stock worth $133,319,000 after acquiring an additional 878,188 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in AAR by 297.4% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 594,668 shares of the aerospace company’s stock worth $49,233,000 after acquiring an additional 445,026 shares during the period. UBS Group AG increased its position in AAR by 709.2% during the third quarter. UBS Group AG now owns 488,239 shares of the aerospace company’s stock worth $43,780,000 after acquiring an additional 427,906 shares during the period. State Street Corp increased its position 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 acquiring an additional 339,595 shares during the period. Finally, Franklin Resources Inc. increased its position in AAR by 36.9% during the third quarter. Franklin Resources Inc. now owns 1,154,167 shares of the aerospace company’s stock worth $107,752,000 after acquiring an additional 311,258 shares during the period. Institutional investors own 90.74% of the company’s stock.

AAR Price Performance

Shares of AAR stock opened at $128.88 on Tuesday. The firm has a fifty day simple moving average of $114.25 and a 200-day simple moving average of $105.00. The company has a current ratio of 2.70, a quick ratio of 1.23 and a debt-to-equity ratio of 0.54. AAR has a 1-year low of $66.68 and a 1-year high of $130.00. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 28.58 and a beta of 1.13.

AAR (NYSE:AIR) last issued its quarterly earnings data 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 net margin of 5.46% and a return on equity of 12.39%. The business had revenue of $845.10 million during the quarter, compared to analysts’ expectations of $812.58 million. During the same period in the previous year, the company earned $0.99 earnings per share. AAR’s revenue for the quarter was up 24.6% on a year-over-year basis. On average, sell-side analysts expect that AAR will post 4.97 earnings per share for the current year.

AAR Company Profile

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.