AAR Corp. (NYSE:AIR) Stock Has Consensus Target Price of $140.60

AAR Corp. (NYSE:AIR) has received an average rating of “Hold” from the eight research firms that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $140.60.

Several research analysts have recently weighed in on the company. Royal Bank Of Canada restated an “outperform” rating and set a $145.00 target price on shares of AAR in a report on Monday, September 28th. KeyCorp reaffirmed a “sector weight” rating on shares of AAR in a report on Wednesday, July 22nd. Weiss Ratings downgraded AAR from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, November 2nd. Zacks Research lowered AAR from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Finally, Truist Financial boosted their price objective on AAR from $128.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, July 27th.

AAR Stock Up 0.0%

AIR opened at $109.25 on Friday. AAR has a fifty-two week low of $76.10 and a fifty-two week high of $154.00. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.28 and a current ratio of 2.83. The company has a fifty day moving average of $109.89 and a two-hundred day moving average of $118.52. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 22.39 and a beta of 1.14.

AAR (NYSE:AIR) last announced its earnings results on Monday, September 28th. The aerospace company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.19. The firm had revenue of $918.00 million for the quarter, compared to analyst estimates of $878.81 million. AAR had a return on equity of 12.99% and a net margin of 5.55%. The business’s revenue was up 24.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.08 EPS. On average, research analysts expect that AAR will post 5.89 earnings per share for the current year.

Insider Activity

In other news, Director Ellen M. Lord sold 4,341 shares of the business’s stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $104.64, for a total value of $454,242.24. Following the sale, the director directly owned 5,814 shares of the company’s stock, valued at approximately $608,376.96. The trade was a 42.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John Holmes, III sold 35,000 shares of the company’s stock in a transaction on Monday, October 26th. The stock was sold at an average price of $97.41, for a total value of $3,409,350.00. Following the transaction, the chief executive officer owned 406,362 shares in the company, valued at $39,583,722.42. This trade represents a 7.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 43,582 shares of company stock worth $4,288,710. 3.10% of the stock is owned by insiders.

Hedge Funds Weigh In On AAR

Several large investors have recently bought and sold shares of the business. Jupiter Topco LLC purchased a new position in AAR during the 2nd quarter worth $24,861,000. Quantbot Technologies LP purchased a new stake in shares of AAR in the second quarter valued at about $1,631,000. B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of AAR in the second quarter valued at about $1,286,000. Oppenheimer Asset Management Inc. acquired a new position in shares of AAR during the second quarter worth about $3,630,000. Finally, Deutsche Bank AG acquired a new position in shares of AAR during the second quarter worth about $8,640,000. Hedge funds and other institutional investors own 90.74% of the company’s stock.

AAR Company Profile

AAR Corp. is a global provider of aviation services and products for commercial airlines, aircraft operators, original equipment manufacturers and government customers. Its offerings include aircraft parts and component distribution, repair and maintenance, engineering services, and supply-chain and inventory management.

The company also provides services to support government and defense aviation operations, including logistics and airlift-related support. AAR serves customers across multiple regions, with operations and facilities in the Americas, Europe and other international markets.

Founded in 1955, AAR began as a business supplying surplus aircraft parts and expanded into a broader aviation aftermarket and services provider.