AAR (NYSE:AIR) Upgraded at Wall Street Zen

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

Several other analysts also recently commented on AIR. Truist Financial upped their price objective on AAR from $128.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Weiss Ratings downgraded AAR from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 25th. Jefferies Financial Group boosted their target price on AAR from $155.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, September 29th. Zacks Research cut AAR from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of AAR in a report on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, AAR has an average rating of “Moderate Buy” and a consensus target price of $140.60.

AAR Stock Down 0.4%

Shares of NYSE:AIR opened at $102.15 on Friday. The stock has a market cap of $4.11 billion, a P/E ratio of 20.93 and a beta of 1.13. The firm has a fifty day moving average price of $129.13 and a 200 day moving average price of $123.74. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.83 and a quick ratio of 1.28. AAR has a 1-year low of $76.10 and a 1-year high of $154.00.

AAR (NYSE:AIR) last issued its quarterly earnings data on Monday, September 28th. The aerospace company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.19. AAR had a net margin of 5.55% and a return on equity of 12.99%. The company had revenue of $918.00 million for the quarter, compared to the consensus estimate of $878.81 million. During the same period last year, the firm posted $1.08 EPS. AAR’s revenue for the quarter was up 24.1% on a year-over-year basis. Sell-side analysts predict that AAR will post 5.93 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its stake in shares of AAR by 1.7% in the first quarter. PNC Financial Services Group Inc. now owns 8,073 shares of the aerospace company’s stock worth $884,000 after acquiring an additional 132 shares in the last quarter. Sheets Smith Wealth Management grew its stake in AAR by 2.0% during the 2nd quarter. Sheets Smith Wealth Management now owns 7,669 shares of the aerospace company’s stock valued at $1,096,000 after purchasing an additional 148 shares in the last quarter. Assetmark Inc. increased its holdings in AAR by 10.7% during the 1st quarter. Assetmark Inc. now owns 1,606 shares of the aerospace company’s stock worth $176,000 after purchasing an additional 155 shares during the last quarter. Nilsine Partners LLC increased its holdings in AAR by 4.8% during the 2nd quarter. Nilsine Partners LLC now owns 3,582 shares of the aerospace company’s stock worth $512,000 after purchasing an additional 163 shares during the last quarter. Finally, Optiver Holding B.V. increased its holdings in AAR by 218.6% during the 1st quarter. Optiver Holding B.V. now owns 274 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 188 shares during the last quarter. 90.74% of the stock is owned by hedge funds and other institutional investors.

AAR Company Profile

AAR Corp. is a global aviation services company headquartered in Wood Dale, Illinois. The company supports commercial airlines, government and defense organizations, and original equipment manufacturers through aftermarket aviation products and services.

AAR’s aviation activities include the distribution and sale of aircraft parts, maintenance, repair and overhaul services, component repair, engineering support, and supply-chain management. Its parts and services support a range of commercial, government, and military aircraft, helping customers maintain aircraft availability and operational readiness.

The company also provides expeditionary and mobility-related products and services for government customers, including systems and equipment used to support transportation and logistics operations.