AAR Corp. (NYSE:AIR) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of AAR Corp. (NYSE:AIR) have been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $135.60.

Several research analysts have commented on AIR shares. Zacks Research upgraded shares of AAR from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. Weiss Ratings raised shares of AAR from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 23rd. KeyCorp reiterated a “sector weight” rating on shares of AAR in a research note on Wednesday, July 22nd. Wall Street Zen cut AAR from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Truist Financial lifted their price target on AAR from $128.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, July 27th.

Institutional Investors Weigh In On AAR

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in AAR during the second quarter worth approximately $925,068,000. California State Teachers Retirement System boosted its holdings in shares of AAR by 13,418.9% in the 2nd quarter. California State Teachers Retirement System now owns 6,357,241 shares of the aerospace company’s stock valued at $908,640,000 after buying an additional 6,310,216 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of AAR by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 4,061,230 shares of the aerospace company’s stock valued at $336,229,000 after buying an additional 281,871 shares in the last quarter. State Street Corp grew its position 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 buying an additional 339,595 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of AAR by 17.4% in the 4th quarter. Wellington Management Group LLP now owns 1,745,352 shares of the aerospace company’s stock valued at $144,498,000 after buying an additional 258,577 shares during the last quarter. Hedge funds and other institutional investors own 90.74% of the company’s stock.

AAR Stock Performance

Shares of AIR opened at $135.82 on Friday. The stock has a 50-day simple moving average of $138.88 and a 200-day simple moving average of $122.71. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.24 and a current ratio of 2.84. The stock has a market capitalization of $5.42 billion, a PE ratio of 28.12 and a beta of 1.11. AAR has a 1 year low of $73.05 and a 1 year high of $154.00.

AAR (NYSE:AIR) last released its earnings results on Tuesday, July 21st. The aerospace company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.15. The firm had revenue of $928.00 million for the quarter, compared to analyst estimates of $893.03 million. AAR had a net margin of 5.67% and a return on equity of 12.67%. The business’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.16 earnings per share. On average, analysts predict that AAR will post 5.92 earnings per share for the current fiscal year.

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.