AAR Corp. (AIR) Downgraded by BidaskClub to Sell
AAR Corp. (NYSE:AIR) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.
Several other brokerages also recently weighed in on AIR. Zacks Investment Research raised shares of AAR Corp. from a “sell” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Tuesday, May 23rd. Noble Financial started coverage on shares of AAR Corp. in a research note on Monday, April 3rd. They set a “buy” rating and a $40.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $46.80.
Shares of AAR Corp. (NYSE:AIR) traded down 0.12% during trading on Friday, hitting $34.32. 215,852 shares of the stock were exchanged. The stock’s 50 day moving average price is $34.94 and its 200-day moving average price is $34.27. AAR Corp. has a one year low of $21.78 and a one year high of $38.75. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 25.07 and a beta of 1.41.
AAR Corp. (NYSE:AIR) last issued its quarterly earnings data on Tuesday, March 21st. The aerospace company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.36 by $0.02. AAR Corp. had a net margin of 2.73% and a return on equity of 5.32%. The firm had revenue of $446.70 million for the quarter, compared to analyst estimates of $421.60 million. During the same period in the prior year, the business posted $0.26 EPS. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, analysts predict that AAR Corp. will post $1.46 EPS for the current year.
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In other AAR Corp. news, VP John Mcclain Holmes III sold 5,000 shares of the stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $34.10, for a total value of $170,500.00. Following the sale, the vice president now directly owns 129,030 shares of the company’s stock, valued at approximately $4,399,923. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Anthony Anderson sold 3,500 shares of the stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $35.21, for a total transaction of $123,235.00. The disclosure for this sale can be found here. Corporate insiders own 8.23% of the company’s stock.
Several large investors have recently made changes to their positions in AIR. State of Alaska Department of Revenue increased its stake in shares of AAR Corp. by 0.9% in the first quarter. State of Alaska Department of Revenue now owns 3,520 shares of the aerospace company’s stock worth $118,000 after buying an additional 30 shares in the last quarter. Columbus Circle Investors increased its stake in shares of AAR Corp. by 58.6% in the first quarter. Columbus Circle Investors now owns 393,385 shares of the aerospace company’s stock worth $13,230,000 after buying an additional 145,348 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of AAR Corp. by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 13,000 shares of the aerospace company’s stock worth $437,000 after buying an additional 200 shares in the last quarter. Bank of Montreal Can increased its stake in shares of AAR Corp. by 10.1% in the first quarter. Bank of Montreal Can now owns 3,371 shares of the aerospace company’s stock worth $114,000 after buying an additional 309 shares in the last quarter. Finally, Foundry Partners LLC increased its stake in shares of AAR Corp. by 16.7% in the first quarter. Foundry Partners LLC now owns 335,933 shares of the aerospace company’s stock worth $11,297,000 after buying an additional 48,028 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.
AAR Corp. Company Profile
AAR CORP. (AAR) is a provider of services and products to the commercial aviation and government and defense markets. The Company operates in two segments: Aviation Services, which consists of supply chain and maintenance, repair and overhaul (MRO) activities, and Expeditionary Services, which includes airlift and mobility activities.
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