AAR (NYSE:AIR) Rating Lowered to Hold at Wall Street Zen

AAR (NYSE:AIR) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Several other research firms also recently weighed in on AIR. Weiss Ratings raised shares of AAR from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. Jefferies Financial Group raised their price objective on AAR from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Zacks Research raised AAR from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 10th. Truist Financial upped their target price on AAR from $128.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Finally, KeyCorp reissued a “sector weight” rating on shares of AAR in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, AAR currently has a consensus rating of “Moderate Buy” and an average price target of $135.60.

AAR Stock Performance

Shares of AAR stock opened at $140.00 on Friday. The stock’s fifty day moving average is $130.00 and its two-hundred day moving average is $117.80. The company has a market capitalization of $5.58 billion, a PE ratio of 28.98 and a beta of 1.11. The company has a quick ratio of 1.24, a current ratio of 2.84 and a debt-to-equity ratio of 0.52. AAR has a 52 week low of $71.43 and a 52 week high of $146.75.

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 the consensus estimate of $1.38 by $0.15. The business had revenue of $928.00 million during the quarter, compared to the consensus estimate of $893.03 million. AAR had a return on equity of 12.67% and a net margin of 5.67%.The business’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period last year, the company earned $1.16 earnings per share. As a group, analysts expect that AAR will post 5.92 earnings per share for the current year.

Hedge Funds Weigh In On AAR

Several institutional investors have recently bought and sold shares of AIR. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of AAR in the 1st quarter valued at $25,000. McMillan Office Inc. bought a new position in shares of AAR in the 4th quarter worth $25,000. Osterweis Capital Management Inc. purchased a new stake in shares of AAR during the 2nd quarter worth $26,000. Morse Asset Management Inc bought a new stake in AAR during the third quarter valued at about $27,000. Finally, NBC Securities Inc. purchased a new position in AAR in the fourth quarter valued at about $28,000. 90.74% of the stock is owned by hedge funds and other institutional investors.

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.