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

Wall Street Zen downgraded shares of AAR (NYSE:AIR) from a buy rating to a hold rating in a report published on Saturday.

AIR has been the subject of a number of other research reports. Truist Financial raised their price objective on shares of AAR from $128.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. KeyCorp reissued a “sector weight” rating on shares of AAR in a research note on Wednesday, July 22nd. Jefferies Financial Group increased their target price on AAR from $150.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Weiss Ratings raised AAR from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 23rd. Finally, Zacks Research upgraded AAR from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.60.

AAR Price Performance

AIR stock opened at $143.22 on Friday. The company has a current ratio of 2.84, a quick ratio of 1.24 and a debt-to-equity ratio of 0.52. AAR has a one year low of $71.43 and a one year high of $146.75. The firm has a market capitalization of $5.71 billion, a PE ratio of 29.65 and a beta of 1.11. The firm has a 50-day moving average of $130.69 and a two-hundred day moving average of $118.12.

AAR (NYSE:AIR) last announced its earnings results on Tuesday, July 21st. The aerospace company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.38 by $0.15. AAR had a net margin of 5.67% and a return on equity of 12.67%. The company had revenue of $928.00 million during the quarter, compared to analysts’ expectations of $893.03 million. During the same period last year, the company posted $1.16 earnings per share. The business’s revenue for the quarter was up 23.0% on a year-over-year basis. On average, analysts forecast that AAR will post 5.92 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AIR. Vanguard Group Inc. raised its stake in shares of AAR by 7.5% during the 4th 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 in the last quarter. State Street Corp grew its stake in shares of AAR by 17.1% in the 4th quarter. State Street Corp now owns 2,320,927 shares of the aerospace company’s stock valued at $192,150,000 after buying an additional 339,595 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of AAR by 17.4% in the 4th quarter. Wellington Management Group LLP now owns 1,745,352 shares of the aerospace company’s stock valued at $144,498,000 after buying an additional 258,577 shares in the last quarter. Franklin Resources Inc. increased its holdings in AAR by 36.9% in the third 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. increased its holdings in AAR by 7.7% in the fourth quarter. Invesco Ltd. now owns 1,122,792 shares of the aerospace company’s stock worth $92,956,000 after buying an additional 80,265 shares during the last quarter. Hedge funds and other institutional investors own 90.74% of the company’s stock.

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.