AAR (NYSE:AIR) Upgraded at StockNews.com

StockNews.com upgraded shares of AAR (NYSE:AIR) from a sell rating to a hold rating in a research report released on Saturday.

Other equities research analysts have also recently issued reports about the stock. KeyCorp dropped their price target on shares of AAR from $83.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 2nd. Truist Financial reduced their target price on shares of AAR from $81.00 to $78.00 and set a “buy” rating for the company in a report on Friday, March 28th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.20.

AAR Stock Performance

Shares of AIR opened at $51.15 on Friday. The firm has a fifty day moving average of $60.87 and a 200-day moving average of $63.73. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 182.69 and a beta of 1.32. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.27 and a current ratio of 2.68. AAR has a 1 year low of $46.51 and a 1 year high of $76.34.

AAR (NYSE:AIR) last announced its quarterly earnings results on Thursday, March 27th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. The company had revenue of $678.20 million during the quarter, compared to analyst estimates of $699.13 million. AAR had a return on equity of 10.46% and a net margin of 0.41%. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS. As a group, equities analysts anticipate that AAR will post 3.77 earnings per share for the current year.

Institutional Trading of AAR

Hedge funds and other institutional investors have recently modified their holdings of the business. Putney Financial Group LLC acquired a new stake in AAR during the 4th quarter worth about $30,000. Virtus Fund Advisers LLC purchased a new position in AAR during the fourth quarter valued at approximately $36,000. Sterling Capital Management LLC increased its stake in AAR by 761.2% in the 4th quarter. Sterling Capital Management LLC now owns 887 shares of the aerospace company’s stock valued at $54,000 after buying an additional 784 shares during the period. Smartleaf Asset Management LLC lifted its position in AAR by 124.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the aerospace company’s stock worth $62,000 after buying an additional 561 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of AAR by 88.5% during the 1st quarter. GAMMA Investing LLC now owns 1,131 shares of the aerospace company’s stock valued at $63,000 after buying an additional 531 shares during the period. Institutional investors and hedge funds own 90.74% of the company’s stock.

AAR Company Profile

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.