AAR (NYSE:AIR) Downgraded by Wall Street Zen to Buy

AAR (NYSE:AIR) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Sunday.

A number of other equities analysts have also weighed in on AIR. Truist Financial upgraded shares of AAR to a “strong-buy” rating in a report on Friday, May 1st. Weiss Ratings downgraded shares of AAR from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. KeyCorp lifted their price target on shares of AAR from $120.00 to $132.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Zacks Research lowered shares of AAR from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Jefferies Financial Group boosted 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. 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $131.20.

AAR Price Performance

Shares of NYSE:AIR opened at $128.88 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.23 and a current ratio of 2.70. The company has a 50-day simple moving average of $114.25 and a 200-day simple moving average of $105.00. AAR has a one year low of $66.68 and a one year high of $130.00. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 28.58 and a beta of 1.13.

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

Insider Buying and Selling

In related 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 shares were sold at an average price of $112.41, for a total transaction 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 document filed with the SEC, which is accessible through the SEC website. Insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of AAR during the 1st quarter worth $25,000. McMillan Office Inc. bought a new stake in AAR in the 4th quarter valued at $25,000. Osterweis Capital Management Inc. acquired a new stake in shares of AAR during the 2nd quarter valued at about $26,000. Morse Asset Management Inc acquired a new stake in shares of AAR during the 3rd quarter valued at about $27,000. Finally, NBC Securities Inc. bought a new position in AAR during the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 90.74% of the company’s stock.

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.