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

AAR Corp. (NYSE:AIR) has earned an average rating of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $131.20.

Several equities research analysts have recently commented on the company. KeyCorp increased their price objective on AAR from $120.00 to $132.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Wall Street Zen raised AAR from a “buy” rating to a “strong-buy” rating in a report on Saturday. Weiss Ratings cut AAR from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Royal Bank Of Canada increased their price target on AAR from $105.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, March 25th. Finally, Zacks Research cut AAR from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th.

AAR Trading Down 1.6%

NYSE AIR opened at $114.81 on Tuesday. The company has a market cap of $4.56 billion, a PE ratio of 25.46 and a beta of 1.13. The company has a current ratio of 2.70, a quick ratio of 1.23 and a debt-to-equity ratio of 0.54. AAR has a 12 month low of $66.68 and a 12 month high of $127.21. The stock has a 50 day moving average of $113.00 and a 200-day moving average of $103.90.

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

Insiders Place Their Bets

In related news, CEO John Mcclain Holmes III sold 26,175 shares of the stock in a transaction on Friday, March 27th. The stock was sold at an average price of $107.60, for a total value of $2,816,430.00. Following the sale, the chief executive officer owned 235,064 shares in the company, valued at approximately $25,292,886.40. This represents a 10.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On AAR

A number of large investors have recently added to or reduced their stakes in the business. Optiver Holding B.V. raised its stake in AAR by 218.6% in the 1st quarter. Optiver Holding B.V. now owns 274 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 188 shares during the period. Glenmede Trust Co. NA bought a new stake in AAR in the 1st quarter valued at $301,000. Edgestream Partners L.P. bought a new stake in AAR in the 1st quarter valued at $1,417,000. California State Teachers Retirement System raised its stake in AAR by 25.4% in the 1st quarter. California State Teachers Retirement System now owns 47,025 shares of the aerospace company’s stock valued at $5,147,000 after acquiring an additional 9,525 shares during the period. Finally, Regal Partners Ltd bought a new position in AAR during the 1st quarter worth $504,000. 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.