AAR (NYSE:AIR) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of AAR (NYSE:AIR) from a hold rating to a buy rating in a report published on Sunday morning.

A number of other research analysts have also recently issued reports on AIR. Royal Bank Of Canada reissued an “outperform” rating and set a $85.00 price objective on shares of AAR in a report on Wednesday, September 24th. Zacks Research lowered AAR from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. KeyCorp boosted their target price on AAR from $86.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. Truist Financial boosted their price objective on AAR from $81.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of AAR in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $89.33.

AAR Trading Down 0.2%

Shares of AAR stock opened at $84.09 on Friday. The company’s fifty day simple moving average is $80.17 and its 200-day simple moving average is $71.85. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 107.80 and a beta of 1.52. The company has a current ratio of 2.91, a quick ratio of 1.31 and a debt-to-equity ratio of 0.82. AAR has a 1 year low of $46.51 and a 1 year high of $89.69.

AAR (NYSE:AIR) last issued its earnings results on Wednesday, May 28th. The aerospace company reported $0.83 EPS for the quarter. The firm had revenue of $553.30 million during the quarter. AAR had a return on equity of 12.29% and a net margin of 1.01%. As a group, sell-side analysts expect that AAR will post 3.77 EPS for the current year.

Insider Activity

In other news, CEO John Mcclain Holmes III sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $71.70, for a total transaction of $717,000.00. Following the completion of the transaction, the chief executive officer directly owned 298,603 shares in the company, valued at $21,409,835.10. This trade represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On AAR

A number of hedge funds have recently added to or reduced their stakes in AIR. Osterweis Capital Management Inc. acquired a new stake in AAR in the second quarter valued at approximately $26,000. Hughes Financial Services LLC purchased a new position in shares of AAR during the 1st quarter valued at $28,000. Salomon & Ludwin LLC purchased a new stake in AAR during the third quarter valued at about $30,000. Westfuller Advisors LLC purchased a new stake in AAR during the 3rd quarter worth about $39,000. Finally, Virtus Advisers LLC purchased a new stake in AAR during the 1st quarter worth about $47,000. 90.74% of the stock is currently owned by institutional investors.

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.