AAR (NYSE:AIR) Downgraded by Wall Street Zen to “Hold”

AAR (NYSE:AIR) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Other equities analysts also recently issued reports about the company. Zacks Research downgraded AAR from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Royal Bank Of Canada lifted their target price on AAR from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. KeyCorp upped their price target on AAR from $86.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Truist Financial increased their price objective on shares of AAR from $81.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of AAR in a report on Monday. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $93.25.

AAR Trading Up 1.0%

Shares of NYSE:AIR opened at $82.72 on Friday. The company has a market cap of $3.23 billion, a PE ratio of 106.05 and a beta of 1.29. AAR has a 12-month low of $46.51 and a 12-month high of $89.69. The stock has a 50 day moving average of $82.49 and a 200 day moving average of $77.46. The company has a current ratio of 2.91, a quick ratio of 1.31 and a debt-to-equity ratio of 0.82.

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

Insider Activity

In other news, CEO John Mcclain Holmes III sold 38,462 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were 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 represents a 12.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On AAR

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Osterweis Capital Management Inc. bought a new position in shares of AAR in the second quarter worth about $26,000. Morse Asset Management Inc purchased a new stake in AAR in the 3rd quarter valued at about $27,000. Salomon & Ludwin LLC bought a new position in AAR in the 3rd quarter worth about $30,000. Optiver Holding B.V. bought a new position in AAR in the 3rd quarter worth about $31,000. Finally, Westfuller Advisors LLC bought a new stake in shares of AAR during the third quarter valued at approximately $39,000. Hedge funds and other institutional investors own 90.74% of the company’s stock.

About AAR

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.