AAR (NYSE:AIR) Rating Lowered to “Sell” at StockNews.com

AAR (NYSE:AIR) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Thursday.

Other equities analysts have also issued research reports about the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 target price on shares of AAR in a research note on Monday, November 4th. Benchmark restated a “buy” rating and issued a $83.00 target price on shares of AAR in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, AAR presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.00.

AAR Trading Up 8.6 %

Shares of AAR stock traded up $5.29 on Thursday, hitting $67.04. 817,346 shares of the company traded hands, compared to its average volume of 426,388. The company has a current ratio of 3.06, a quick ratio of 1.45 and a debt-to-equity ratio of 0.81. The company has a market cap of $2.41 billion, a PE ratio of 36.84 and a beta of 1.61. The stock’s 50 day moving average price is $64.69 and its 200-day moving average price is $65.30. AAR has a 52 week low of $54.71 and a 52 week high of $76.34.

AAR (NYSE:AIR) last released its quarterly earnings data on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.07. AAR had a return on equity of 10.22% and a net margin of 2.67%. The firm had revenue of $686.10 million during the quarter, compared to the consensus estimate of $654.47 million. During the same period in the previous year, the company posted $0.81 earnings per share. The firm’s quarterly revenue was up 25.8% on a year-over-year basis. Equities research analysts predict that AAR will post 3.63 EPS for the current year.

Hedge Funds Weigh In On AAR

Institutional investors have recently bought and sold shares of the business. Natixis Advisors LLC boosted its holdings in AAR by 30.7% in the second quarter. Natixis Advisors LLC now owns 14,375 shares of the aerospace company’s stock valued at $1,045,000 after purchasing an additional 3,377 shares during the last quarter. Quest Partners LLC acquired a new position in shares of AAR in the 2nd quarter valued at $33,000. Texas Permanent School Fund Corp boosted its holdings in AAR by 13.0% during the second quarter. Texas Permanent School Fund Corp now owns 32,816 shares of the aerospace company’s stock worth $2,386,000 after buying an additional 3,773 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in AAR during the second quarter valued at $2,330,000. Finally, American Century Companies Inc. boosted its stake in shares of AAR by 1,956.5% during the 2nd quarter. American Century Companies Inc. now owns 909,953 shares of the aerospace company’s stock worth $66,154,000 after acquiring an additional 865,705 shares in the last quarter. 90.74% of the stock is owned by hedge funds and other institutional investors.

About AAR

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.