AAR (NYSE:AIR) Price Target Raised to $125.00

AAR (NYSE:AIRFree Report) had its price objective lifted by Royal Bank Of Canada from $105.00 to $125.00 in a research report released on Wednesday morning,Benzinga reports. They currently have an outperform rating on the aerospace company’s stock.

Other equities research analysts have also recently issued reports about the stock. KeyCorp lifted their price objective on shares of AAR from $109.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday. Jefferies Financial Group raised their price target on AAR to $150.00 and gave the company a “buy” rating in a research note on Tuesday. Zacks Research downgraded AAR from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Truist Financial reiterated a “buy” rating and issued a $128.00 price objective (up from $107.00) on shares of AAR in a report on Friday, March 6th. Finally, Wall Street Zen upgraded AAR from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.80.

View Our Latest Report on AAR

AAR Stock Down 3.1%

Shares of NYSE:AIR opened at $107.34 on Wednesday. AAR has a fifty-two week low of $46.51 and a fifty-two week high of $122.97. The firm’s 50 day moving average price is $110.32 and its 200 day moving average price is $92.88. The company has a quick ratio of 1.31, a current ratio of 2.70 and a debt-to-equity ratio of 0.54. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of 23.80 and a beta of 1.19.

AAR (NYSE:AIRGet Free Report) last posted its quarterly earnings results on Tuesday, March 24th. The aerospace company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.21 by $0.04. AAR had a net margin of 5.46% and a return on equity of 12.39%. The company had revenue of $845.10 million during the quarter, compared to analysts’ expectations of $812.58 million. During the same quarter in the previous year, the business posted $0.99 EPS. The firm’s revenue was up 24.6% on a year-over-year basis. As a group, equities research analysts predict that AAR will post 3.77 earnings per share for the current fiscal year.

Insider Buying and Selling at AAR

In other AAR news, CEO John Mcclain Holmes III sold 30,000 shares of the firm’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $97.50, for a total transaction of $2,925,000.00. Following the transaction, the chief executive officer directly owned 237,064 shares of the company’s stock, valued at approximately $23,113,740. This trade represents a 11.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Sarah Louise Flanagan sold 10,750 shares of AAR stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $108.56, for a total transaction of $1,167,020.00. Following the completion of the transaction, the chief financial officer owned 32,848 shares in the company, valued at approximately $3,565,978.88. This represents a 24.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 128,984 shares of company stock valued at $12,517,090. Insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On AAR

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in AAR by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 4,061,230 shares of the aerospace company’s stock valued at $336,229,000 after acquiring an additional 281,871 shares during the last quarter. State Street Corp grew its stake in shares of AAR by 17.1% in the 4th quarter. State Street Corp now owns 2,320,927 shares of the aerospace company’s stock valued at $192,150,000 after purchasing an additional 339,595 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of AAR by 17.4% in the fourth quarter. Wellington Management Group LLP now owns 1,745,352 shares of the aerospace company’s stock valued at $144,498,000 after purchasing an additional 258,577 shares during the period. Invesco Ltd. increased its holdings in shares of AAR by 4.2% in the second quarter. Invesco Ltd. now owns 1,208,796 shares of the aerospace company’s stock valued at $83,153,000 after purchasing an additional 48,376 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of AAR by 36.9% during the third quarter. Franklin Resources Inc. now owns 1,154,167 shares of the aerospace company’s stock worth $107,752,000 after purchasing an additional 311,258 shares during the last quarter. Hedge funds and other institutional investors own 90.74% of the company’s stock.

Key Stories Impacting AAR

Here are the key news stories impacting AAR this week:

AAR Company Profile

(Get Free Report)

AAR Corp. (NYSE: AIR) is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.

In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.

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