AAR Corp. (NYSE:AIR) Receives Average Recommendation of “Moderate Buy” from Brokerages

AAR Corp. (NYSE:AIR) has earned an average recommendation of “Moderate Buy” from the five analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $91.00.

Several research analysts recently commented on the stock. Truist Financial raised their price target on shares of AAR from $81.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Zacks Research lowered shares of AAR from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Weiss Ratings restated a “hold (c-)” rating on shares of AAR in a report on Monday, December 1st. Wall Street Zen raised shares of AAR from a “hold” rating to a “buy” rating in a research report on Sunday, November 2nd. Finally, KeyCorp raised their price objective on AAR from $86.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, September 29th.

AAR Stock Performance

Shares of NYSE:AIR opened at $82.68 on Tuesday. The business has a 50-day moving average of $82.47 and a two-hundred day moving average of $77.11. The firm has a market capitalization of $3.23 billion, a PE ratio of 106.00 and a beta of 1.29. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.91 and a quick ratio of 1.31. AAR has a 12 month low of $46.51 and a 12 month high of $89.69.

AAR (NYSE:AIR) last released its quarterly earnings data on Wednesday, May 28th. The aerospace company reported $0.83 earnings per share for the quarter. AAR had a return on equity of 12.29% and a net margin of 1.01%.The business had revenue of $553.30 million for the quarter. As a group, research analysts forecast that AAR will post 3.77 earnings per share for the current year.

Insider Activity

In related news, CEO John Mcclain Holmes III sold 38,462 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $83.50, for a total transaction of $3,211,577.00. Following the sale, the chief executive officer directly owned 260,141 shares in the company, valued at approximately $21,721,773.50. This trade represents a 12.88% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.60% of the company’s stock.

Institutional Trading of AAR

Several large investors have recently bought and sold shares of AIR. Wellington Management Group LLP raised its stake in shares of AAR by 144.3% during the third quarter. Wellington Management Group LLP now owns 1,486,775 shares of the aerospace company’s stock valued at $133,319,000 after purchasing an additional 878,188 shares during the period. UBS Group AG boosted its stake in shares of AAR by 709.2% in the third quarter. UBS Group AG now owns 488,239 shares of the aerospace company’s stock valued at $43,780,000 after purchasing an additional 427,906 shares during the period. Franklin Resources Inc. grew its holdings in AAR by 36.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,154,167 shares of the aerospace company’s stock valued at $107,752,000 after purchasing an additional 311,258 shares in the last quarter. State Street Corp increased its stake in AAR by 10.9% during the 2nd quarter. State Street Corp now owns 1,917,821 shares of the aerospace company’s stock worth $131,927,000 after buying an additional 188,406 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in AAR by 35.2% in the 3rd quarter. Principal Financial Group Inc. now owns 640,707 shares of the aerospace company’s stock worth $57,452,000 after buying an additional 166,903 shares in the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.

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.