AAR Corp. (NYSE:AIR) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of AAR Corp. (NYSE:AIR) have been given a consensus rating of “Moderate Buy” by the seven research firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $131.20.

Several research firms recently issued reports on AIR. Weiss Ratings cut shares of AAR from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Zacks Research cut shares of AAR from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. KeyCorp raised their target price on shares of AAR from $120.00 to $132.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Wall Street Zen cut shares of AAR from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Finally, Truist Financial raised shares of AAR to a “strong-buy” rating in a research report on Friday, May 1st.

AAR Price Performance

AIR opened at $131.46 on Tuesday. The company’s 50 day simple moving average is $114.68 and its 200 day simple moving average is $105.52. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.23 and a current ratio of 2.70. AAR has a 1 year low of $66.68 and a 1 year high of $134.74. The stock has a market capitalization of $5.23 billion, a PE ratio of 29.15 and a beta of 1.13.

AAR (NYSE:AIR) last released its earnings results on Tuesday, March 24th. The aerospace company reported $1.25 earnings per share (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 business had revenue of $845.10 million for the quarter, compared to analysts’ expectations of $812.58 million. During the same period last year, the company earned $0.99 earnings per share. The company’s quarterly revenue was up 24.6% on a year-over-year basis. As a group, sell-side analysts expect that AAR will post 4.97 EPS for the current year.

Insiders Place Their Bets

In other AAR news, CEO John Mcclain Holmes III sold 60,000 shares of AAR stock in a transaction that occurred on Thursday, March 26th. The shares were sold at an average price of $112.41, for a total transaction of $6,744,600.00. Following the transaction, the chief executive officer directly owned 235,064 shares of the company’s stock, valued at $26,423,544.24. The trade was a 20.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in shares of AAR by 61.0% during the third quarter. JPMorgan Chase & Co. now owns 91,520 shares of the aerospace company’s stock valued at $8,207,000 after purchasing an additional 34,689 shares during the period. Prescott Group Capital Management L.L.C. purchased a new stake in shares of AAR during the third quarter valued at approximately $1,793,000. Intech Investment Management LLC increased its stake in shares of AAR by 480.4% in the third quarter. Intech Investment Management LLC now owns 155,987 shares of the aerospace company’s stock worth $13,987,000 after buying an additional 129,113 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of AAR by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 4,061,230 shares of the aerospace company’s stock worth $336,229,000 after buying an additional 281,871 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its stake in shares of AAR by 22.5% in the fourth quarter. First Eagle Investment Management LLC now owns 61,619 shares of the aerospace company’s stock worth $5,101,000 after buying an additional 11,300 shares during the last quarter. 90.74% of the stock is owned by institutional investors and hedge funds.

About AAR

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.