AAR (NYSE:AIR) Stock Rating Upgraded by Wall Street Zen

AAR (NYSE:AIR) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

Several other analysts have also issued reports on AIR. Weiss Ratings lowered shares of AAR from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Jefferies Financial Group raised their price target on shares of AAR to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, March 24th. Truist Financial upgraded shares of AAR to a “strong-buy” rating in a research report on Friday, May 1st. Royal Bank Of Canada raised their price target on shares of AAR from $105.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 25th. Finally, Zacks Research lowered shares of AAR from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, AAR has a consensus rating of “Moderate Buy” and an average price target of $131.20.

AAR Stock Performance

NYSE:AIR opened at $116.46 on Friday. AAR has a 1 year low of $65.79 and a 1 year high of $127.21. The firm’s fifty day simple moving average is $112.92 and its 200 day simple moving average is $103.47. The company has a current ratio of 2.70, a quick ratio of 1.23 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $4.63 billion, a PE ratio of 25.82 and a beta of 1.13.

AAR (NYSE:AIR) last posted its earnings results on Tuesday, March 24th. The aerospace company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.04. The business had revenue of $845.10 million for the quarter, compared to analyst estimates of $812.58 million. AAR had a net margin of 5.46% and a return on equity of 12.39%. AAR’s revenue was up 24.6% compared to the same quarter last year. During the same period last year, the business posted $0.99 EPS. On average, sell-side analysts anticipate that AAR will post 4.97 EPS for the current year.

Insider Activity at AAR

In other news, CEO John Mcclain Holmes III sold 60,000 shares of the firm’s stock in a transaction dated Thursday, March 26th. The shares were sold at an average price of $112.41, for a total transaction of $6,744,600.00. Following the completion of the transaction, the chief executive officer directly owned 235,064 shares of the company’s stock, valued at approximately $26,423,544.24. This trade represents a 20.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On AAR

A number of hedge funds and other institutional investors have recently made changes to their positions in AIR. Whittier Trust Co. of Nevada Inc. acquired a new stake in AAR in the 1st quarter valued at about $25,000. McMillan Office Inc. bought a new stake in shares of AAR during the fourth quarter worth approximately $25,000. Osterweis Capital Management Inc. bought a new stake in shares of AAR during the second quarter worth approximately $26,000. Morse Asset Management Inc bought a new stake in shares of AAR during the third quarter worth approximately $27,000. Finally, NBC Securities Inc. acquired a new position in AAR during the fourth quarter valued at approximately $28,000. 90.74% of the stock is owned by institutional investors.

AAR Company Profile

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.