AAR (NYSE:AIR) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of AAR (NYSE:AIR) from a hold rating to a buy rating in a research report sent to investors on Saturday.

A number of other research analysts have also recently commented on the stock. Truist Financial set a $107.00 target price on shares of AAR in a research report on Friday, January 9th. Jefferies Financial Group set a $112.00 price objective on shares of AAR and gave the stock a “buy” rating in a research report on Thursday, January 15th. KeyCorp lifted their target price on shares of AAR from $93.00 to $109.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Weiss Ratings restated a “hold (c-)” rating on shares of AAR in a research note on Monday, December 29th. Finally, The Goldman Sachs Group initiated coverage on AAR in a research note on Monday, January 26th. They issued a “neutral” rating and a $121.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $110.80.

AAR Stock Performance

AAR stock opened at $116.93 on Friday. The firm has a 50 day simple moving average of $99.33 and a 200-day simple moving average of $86.75. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 45.85 and a beta of 1.23. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.84 and a quick ratio of 1.31. AAR has a 1-year low of $46.51 and a 1-year high of $118.00.

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

Insider Buying and Selling

In related news, CAO Jessica A. Garascia sold 4,787 shares of the business’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $95.25, for a total transaction of $455,961.75. Following the completion of the transaction, the chief accounting officer directly owned 29,557 shares of the company’s stock, valued at $2,815,304.25. The trade was a 13.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Sarah Louise Flanagan sold 10,750 shares of the company’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $108.56, for a total value of $1,167,020.00. Following the sale, the chief financial officer owned 32,848 shares in the company, valued at approximately $3,565,978.88. This trade represents a 24.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 128,984 shares of company stock valued at $12,517,090. 3.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On AAR

Large investors have recently modified their holdings of the company. McMillan Office Inc. acquired a new stake in shares of AAR in the 4th quarter valued at $25,000. Morse Asset Management Inc acquired a new stake in AAR in the third quarter valued at $27,000. Danske Bank A S purchased a new stake in AAR during the 4th quarter worth about $28,000. Optiver Holding B.V. acquired a new position in shares of AAR during the 3rd quarter worth about $31,000. Finally, NBC Securities Inc. purchased a new position in shares of AAR in the 4th quarter valued at about $28,000. 90.74% of the stock is owned by hedge funds and other institutional investors.

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.