AAR (NYSE:AIR) PT Lowered to $85.00

AAR (NYSE:AIR) had its price target lowered by research analysts at Stifel Nicolaus from $86.00 to $85.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the aerospace company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 15.98% from the company’s previous close.

Several other research firms have also recently issued reports on AIR. Royal Bank of Canada restated an “outperform” rating and set a $80.00 price objective on shares of AAR in a report on Friday, May 24th. Benchmark raised their price target on AAR from $65.00 to $83.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, AAR currently has an average rating of “Moderate Buy” and an average price target of $82.25.

AAR Stock Performance

AAR stock opened at $73.29 on Friday. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 43.11 and a beta of 1.54. The stock has a fifty day moving average of $70.90 and a two-hundred day moving average of $65.84. AAR has a fifty-two week low of $55.00 and a fifty-two week high of $76.34. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 2.90.

AAR (NYSE:AIR) last released its quarterly earnings results on Thursday, July 18th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.02. The company had revenue of $656.50 million for the quarter, compared to analysts’ expectations of $660.05 million. AAR had a net margin of 2.73% and a return on equity of 10.17%. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period last year, the company earned $0.83 EPS. On average, analysts anticipate that AAR will post 3.3 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Christopher A. Jessup sold 15,929 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $70.09, for a total transaction of $1,116,463.61. Following the completion of the sale, the senior vice president now owns 51,803 shares of the company’s stock, valued at approximately $3,630,872.27. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP Christopher A. Jessup sold 14,973 shares of AAR stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $70.05, for a total transaction of $1,048,858.65. Following the sale, the senior vice president now owns 51,803 shares in the company, valued at $3,628,800.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Christopher A. Jessup sold 15,929 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $70.09, for a total transaction of $1,116,463.61. Following the transaction, the senior vice president now directly owns 51,803 shares in the company, valued at $3,630,872.27. The disclosure for this sale can be found here. Insiders sold 36,023 shares of company stock worth $2,528,708 over the last three months. 4.30% of the stock is owned by insiders.

Hedge Funds Weigh In On AAR

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quadrature Capital Ltd increased its holdings in AAR by 77.3% during the 4th quarter. Quadrature Capital Ltd now owns 29,982 shares of the aerospace company’s stock worth $1,870,000 after purchasing an additional 13,075 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of AAR in the first quarter worth $544,000. Charles Schwab Investment Management Inc. raised its holdings in AAR by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 531,786 shares of the aerospace company’s stock valued at $33,183,000 after acquiring an additional 17,465 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in AAR by 92.3% during the 4th quarter. BNP Paribas Financial Markets now owns 59,333 shares of the aerospace company’s stock valued at $3,702,000 after acquiring an additional 28,485 shares during the last quarter. Finally, Phocas Financial Corp. grew its holdings in AAR by 2.0% during the 4th quarter. Phocas Financial Corp. now owns 150,687 shares of the aerospace company’s stock worth $9,403,000 after acquiring an additional 2,904 shares in the last quarter. 90.74% of the stock is owned by hedge funds and other institutional investors.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. It operates through Aviation Services and Expeditionary Services segments. The Aviation Services segment engages in lease and sale of new, overhauled and repaired engine, and airframe parts and components, as well as aircrafts; and offers customized flight hour component inventory and repair, warranty claim management, and outsourcing programs for engine and airframe parts and components.