AAR Corp. (NYSE:AIR) Given Average Rating of “Moderate Buy” by Brokerages

Shares of AAR Corp. (NYSE:AIR) have been assigned an average rating of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $131.20.

Several research firms have recently weighed in on AIR. Truist Financial upgraded shares of AAR to a “strong-buy” rating in a research report on Friday, May 1st. Zacks Research lowered AAR from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Wall Street Zen raised AAR from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Weiss Ratings lowered AAR from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Finally, Jefferies Financial Group boosted their price target on AAR to $150.00 and gave the company a “buy” rating in a research note on Tuesday, March 24th.

Insider Transactions at AAR

In other AAR news, CEO John Mcclain Holmes III sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, March 26th. The stock was sold at an average price of $112.41, for a total value of $6,744,600.00. Following the transaction, the chief executive officer directly owned 235,064 shares of the company’s stock, valued at approximately $26,423,544.24. The trade was a 20.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On AAR

Several institutional investors have recently added to or reduced their stakes in AIR. Whittier Trust Co. of Nevada Inc. acquired a new position in AAR in the first quarter valued at approximately $25,000. McMillan Office Inc. acquired a new position in AAR in the fourth quarter valued at approximately $25,000. Osterweis Capital Management Inc. acquired a new position in AAR in the second quarter valued at approximately $26,000. Morse Asset Management Inc acquired a new position in AAR in the third quarter valued at approximately $27,000. Finally, NBC Securities Inc. acquired a new position in shares of AAR during the fourth quarter worth approximately $28,000. 90.74% of the stock is owned by institutional investors and hedge funds.

AAR Trading Down 1.6%

AIR opened at $114.81 on Tuesday. AAR has a twelve month low of $66.68 and a twelve month high of $127.21. The company has a quick ratio of 1.23, a current ratio of 2.70 and a debt-to-equity ratio of 0.54. The company has a fifty day moving average of $113.00 and a 200-day moving average of $103.90. The stock has a market cap of $4.56 billion, a PE ratio of 25.46 and a beta of 1.13.

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

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.