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

AAR Corp. (NYSE:AIR) has been given an average recommendation of “Buy” by the five ratings firms that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $81.50.

AIR has been the subject of a number of research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price target on shares of AAR in a research report on Monday, November 4th. StockNews.com upgraded shares of AAR from a “sell” rating to a “hold” rating in a research report on Friday, January 17th. Benchmark restated a “buy” rating and set a $83.00 price objective on shares of AAR in a research report on Friday, October 4th. Finally, KeyCorp began coverage on AAR in a research report on Thursday, January 16th. They set an “overweight” rating and a $83.00 price objective for the company.

Insider Buying and Selling

In other AAR news, SVP Christopher A. Jessup sold 33,481 shares of AAR stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $70.40, for a total value of $2,357,062.40. Following the completion of the sale, the senior vice president now directly owns 63,209 shares of the company’s stock, valued at approximately $4,449,913.60. The trade was a 34.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jessica A. Garascia sold 1,500 shares of AAR stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $66.90, for a total transaction of $100,350.00. Following the completion of the sale, the chief accounting officer now directly owns 37,565 shares of the company’s stock, valued at $2,513,098.50. The trade was a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 185,793 shares of company stock worth $12,538,396 in the last ninety days. Insiders own 4.10% of the company’s stock.

Institutional Trading of AAR

Hedge funds and other institutional investors have recently bought and sold shares of the company. National Bank of Canada FI purchased a new stake in AAR in the 3rd quarter worth approximately $25,000. Quest Partners LLC purchased a new stake in AAR in the 2nd quarter worth approximately $33,000. EverSource Wealth Advisors LLC grew its stake in shares of AAR by 43.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 778 shares of the aerospace company’s stock valued at $57,000 after buying an additional 234 shares during the period. KBC Group NV grew its stake in shares of AAR by 32.9% during the 3rd quarter. KBC Group NV now owns 1,324 shares of the aerospace company’s stock valued at $87,000 after buying an additional 328 shares during the period. Finally, Toth Financial Advisory Corp grew its stake in shares of AAR by 133.3% during the 4th quarter. Toth Financial Advisory Corp now owns 1,400 shares of the aerospace company’s stock valued at $86,000 after buying an additional 800 shares during the period. 90.74% of the stock is owned by hedge funds and other institutional investors.

AAR Price Performance

Shares of NYSE:AIR opened at $71.19 on Thursday. The company has a quick ratio of 1.27, a current ratio of 2.68 and a debt-to-equity ratio of 0.84. The company has a market cap of $2.56 billion, a P/E ratio of 254.27 and a beta of 1.61. AAR has a 52 week low of $54.71 and a 52 week high of $76.34. The company has a 50-day moving average price of $65.97 and a 200 day moving average price of $65.17.

AAR (NYSE:AIR) last posted its quarterly earnings results on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.07. AAR had a net margin of 0.41% and a return on equity of 10.46%. The company had revenue of $686.10 million during the quarter, compared to the consensus estimate of $654.47 million. During the same period last year, the firm earned $0.81 EPS. The company’s revenue for the quarter was up 25.8% on a year-over-year basis. Research analysts predict that AAR will post 3.77 earnings per share for the current year.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Parts Supply segment leases and sells aircraft components and replacement parts. The Repair & Engineering segment provides airframe maintenance services, such as airframe inspection, painting, line maintenance, airframe modification, structural repair, avionics service and installation, exterior and interior refurbishment, and engineering and support services; component repair services comprising maintenance, repair, and overhaul (MRO) services, engine and airframe accessories, and interior refurbishment; and landing gear overhaul services, including repair services on wheels and brakes.