AAR (NYSE:AIR) Upgraded at ValuEngine

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AAR (NYSE:AIR) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Tuesday, September 18th.

Other research analysts have also issued research reports about the company. Seaport Global Securities reaffirmed a “buy” rating and set a $52.00 price objective on shares of AAR in a report on Friday, July 13th. Canaccord Genuity reaffirmed a “buy” rating and set a $52.00 price objective (up previously from $48.00) on shares of AAR in a report on Wednesday, July 11th. Zacks Investment Research raised AAR from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Tuesday, September 11th. Finally, SunTrust Banks lowered AAR from a “buy” rating to a “hold” rating and lowered their target price for the company from $50.00 to $47.00 in a report on Tuesday, September 11th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. AAR presently has an average rating of “Buy” and an average price target of $53.17.

Shares of AAR stock traded down $0.09 during trading hours on Tuesday, hitting $43.54. 186,213 shares of the company were exchanged, compared to its average volume of 246,869. AAR has a 1 year low of $36.46 and a 1 year high of $51.52. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.12 and a quick ratio of 1.63. The stock has a market capitalization of $1.68 billion, a PE ratio of 24.32 and a beta of 1.21.

AAR (NYSE:AIR) last released its quarterly earnings results on Tuesday, September 25th. The aerospace company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.02. AAR had a return on equity of 7.27% and a net margin of 1.08%. The business had revenue of $466.30 million during the quarter, compared to analysts’ expectations of $452.72 million. During the same quarter in the prior year, the business earned $0.31 earnings per share. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. As a group, equities research analysts anticipate that AAR will post 2.7 EPS for the current year.

In related news, Director David P. Storch sold 63,736 shares of the stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $47.20, for a total transaction of $3,008,339.20. Following the transaction, the director now directly owns 705,281 shares in the company, valued at $33,289,263.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Eric Pachapa sold 3,000 shares of the stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $46.75, for a total value of $140,250.00. Following the transaction, the chief accounting officer now owns 9,626 shares in the company, valued at $450,015.50. The disclosure for this sale can be found here. Insiders sold 131,778 shares of company stock worth $6,211,051 over the last 90 days. Company insiders own 7.43% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northern Trust Corp raised its holdings in shares of AAR by 3.0% in the 2nd quarter. Northern Trust Corp now owns 1,311,473 shares of the aerospace company’s stock worth $60,970,000 after purchasing an additional 38,166 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of AAR by 2.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 443,070 shares of the aerospace company’s stock worth $20,598,000 after purchasing an additional 10,979 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of AAR by 11.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 64,754 shares of the aerospace company’s stock worth $3,010,000 after purchasing an additional 6,910 shares during the period. WINTON GROUP Ltd raised its holdings in shares of AAR by 27.5% in the 2nd quarter. WINTON GROUP Ltd now owns 7,665 shares of the aerospace company’s stock worth $356,000 after purchasing an additional 1,651 shares during the period. Finally, California Public Employees Retirement System raised its holdings in shares of AAR by 13.0% in the 2nd quarter. California Public Employees Retirement System now owns 73,670 shares of the aerospace company’s stock worth $3,425,000 after purchasing an additional 8,486 shares during the period. Hedge funds and other institutional investors own 93.92% of the company’s stock.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The company operates in two segments, Aviation Services and Expeditionary Services. The Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for AAR (NYSE:AIR)

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