AAR Corp. (NYSE:AIR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of AAR Corp. (NYSE:AIR) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $131.20.

A number of brokerages have recently commented on AIR. Wall Street Zen cut shares of AAR from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings raised shares of AAR from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, March 27th. KeyCorp raised their price objective on shares of AAR from $120.00 to $132.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. Royal Bank Of Canada raised their price objective on shares of AAR from $105.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 25th. Finally, Truist Financial raised shares of AAR to a “strong-buy” rating in a research note on Friday, May 1st.

Insider Activity at AAR

In other news, CEO John Mcclain Holmes III sold 26,175 shares of the firm’s stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $107.60, for a total transaction of $2,816,430.00. Following the sale, the chief executive officer owned 235,064 shares of the company’s stock, valued at $25,292,886.40. This trade represents a 10.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.60% of the stock is owned by insiders.

Institutional Investors Weigh In On AAR

Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake in AAR by 61.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 91,520 shares of the aerospace company’s stock valued at $8,207,000 after acquiring an additional 34,689 shares during the period. Principal Financial Group Inc. grew its stake in AAR by 35.2% in the 3rd quarter. Principal Financial Group Inc. now owns 640,707 shares of the aerospace company’s stock valued at $57,452,000 after acquiring an additional 166,903 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in AAR in the 3rd quarter valued at $1,042,000. Prescott Group Capital Management L.L.C. acquired a new stake in AAR in the 3rd quarter valued at $1,793,000. Finally, Emerald Mutual Fund Advisers Trust grew its stake in AAR by 8.7% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 211,132 shares of the aerospace company’s stock valued at $18,932,000 after acquiring an additional 16,892 shares during the period. Institutional investors and hedge funds own 90.74% of the company’s stock.

AAR Price Performance

Shares of NYSE:AIR opened at $108.79 on Friday. AAR has a twelve month low of $58.83 and a twelve month high of $127.21. The company’s 50 day moving average is $111.82 and its 200 day moving average is $101.36. The company has a current ratio of 2.70, a quick ratio of 1.23 and a debt-to-equity ratio of 0.54. The company has a market cap of $4.33 billion, a PE ratio of 24.12 and a beta of 1.14.

AAR (NYSE:AIR) last issued its quarterly earnings results on Tuesday, March 24th. The aerospace company reported $1.25 earnings per share 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 for the quarter, compared to the consensus estimate of $812.58 million. During the same quarter in the prior year, the company earned $0.99 EPS. AAR’s quarterly revenue was up 24.6% on a year-over-year basis. On average, sell-side analysts forecast that AAR will post 4.97 EPS for the current year.

AAR Company Profile

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.