Brokerages Set AAR Corp. (NYSE:AIR) PT at $110.80

AAR Corp. (NYSE:AIR) has received a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $110.80.

AIR has been the topic of several research reports. Truist Financial set a $107.00 price target on shares of AAR in a research report on Friday, January 9th. Weiss Ratings restated a “hold (c-)” rating on shares of AAR in a report on Monday, December 29th. Zacks Research upgraded shares of AAR from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. Wall Street Zen upgraded AAR from a “hold” rating to a “buy” rating in a research report on Saturday, January 3rd. Finally, Royal Bank Of Canada upped their price objective on AAR from $90.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, January 7th.

Insider Buying and Selling

In related news, SVP Christopher A. Jessup sold 23,621 shares of the stock in a transaction on Friday, January 9th. The stock was sold at an average price of $97.05, for a total transaction of $2,292,418.05. Following the sale, the senior vice president owned 65,769 shares in the company, valued at approximately $6,382,881.45. This represents a 26.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Sarah Louise Flanagan sold 10,750 shares of AAR stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $108.56, for a total transaction of $1,167,020.00. Following the transaction, the chief financial officer directly owned 32,848 shares of the company’s stock, valued at $3,565,978.88. The trade was 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 90 days, insiders have sold 128,984 shares of company stock worth $12,517,090. 3.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AAR

Hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in AAR by 144.3% in the third quarter. Wellington Management Group LLP now owns 1,486,775 shares of the aerospace company’s stock worth $133,319,000 after purchasing an additional 878,188 shares during the last quarter. UBS Group AG raised its holdings in shares of AAR by 709.2% in the third quarter. UBS Group AG now owns 488,239 shares of the aerospace company’s stock worth $43,780,000 after buying an additional 427,906 shares during the period. Franklin Resources Inc. lifted its stake in shares of AAR by 36.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,154,167 shares of the aerospace company’s stock worth $107,752,000 after acquiring an additional 311,258 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of AAR by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 4,061,230 shares of the aerospace company’s stock worth $336,229,000 after acquiring an additional 281,871 shares during the last quarter. Finally, State Street Corp boosted its holdings in AAR by 10.9% during the 2nd quarter. State Street Corp now owns 1,917,821 shares of the aerospace company’s stock valued at $131,927,000 after acquiring an additional 188,406 shares during the period. 90.74% of the stock is currently owned by institutional investors.

AAR Price Performance

NYSE:AIR opened at $113.26 on Wednesday. The business’s 50-day moving average is $93.02 and its 200 day moving average is $84.03. AAR has a 12 month low of $46.51 and a 12 month high of $113.65. The company has a market capitalization of $4.48 billion, a P/E ratio of 44.42 and a beta of 1.23. The company has a current ratio of 2.84, a quick ratio of 1.31 and a debt-to-equity ratio of 0.61.

AAR (NYSE:AIR) last released its quarterly earnings results on Tuesday, January 6th. The aerospace company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.16. The business had revenue of $795.30 million during the quarter, compared to analysts’ expectations of $760.95 million. AAR had a return on equity of 12.40% and a net margin of 3.17%.The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 EPS. On average, equities research analysts forecast that AAR will post 3.77 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.