AAR Corp. (NYSE:AIR) Receives Consensus Rating of “Buy” from Brokerages

Shares of AAR Corp. (NYSE:AIR) have been assigned a consensus recommendation of “Buy” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $108.25.

Several research analysts have recently commented on AIR shares. Zacks Research raised AAR from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. Jefferies Financial Group set a $112.00 target price on shares of AAR and gave the stock a “buy” rating in a research note on Thursday. Truist Financial set a $107.00 price target on shares of AAR in a report on Friday, January 9th. KeyCorp increased their price objective on shares of AAR from $93.00 to $109.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Wall Street Zen upgraded shares of AAR from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd.

AAR Stock Down 0.6%

AIR opened at $105.12 on Friday. The firm’s 50 day simple moving average is $85.30 and its two-hundred day simple moving average is $80.69. The company has a market capitalization of $4.16 billion, a PE ratio of 41.22 and a beta of 1.24. AAR has a 1-year low of $46.51 and a 1-year high of $107.05. 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 posted its quarterly earnings data on Tuesday, January 6th. The aerospace company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.02 by $0.16. The firm had revenue of $795.30 million during the quarter, compared to analyst estimates of $760.95 million. AAR had a return on equity of 12.40% and a net margin of 3.17%.AAR’s revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 EPS. As a group, equities analysts forecast that AAR will post 3.77 EPS for the current year.

Insider Activity

In other AAR news, CAO Jessica A. Garascia sold 4,787 shares of the company’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $95.25, for a total value of $455,961.75. Following the completion of the transaction, the chief accounting officer directly owned 29,557 shares in the company, valued at $2,815,304.25. This represents a 13.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO John Mcclain Holmes III sold 38,462 shares of the firm’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $83.50, for a total transaction of $3,211,577.00. Following the transaction, the chief executive officer directly owned 260,141 shares of the company’s stock, valued at $21,721,773.50. The trade was a 12.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 146,696 shares of company stock worth $13,477,247 over the last ninety days. Corporate insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp lifted its position in shares of AAR by 10.9% during the second quarter. State Street Corp now owns 1,917,821 shares of the aerospace company’s stock worth $131,927,000 after purchasing an additional 188,406 shares during the last quarter. Wellington Management Group LLP lifted its holdings in AAR by 144.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,486,775 shares of the aerospace company’s stock valued at $133,319,000 after buying an additional 878,188 shares in the last quarter. Invesco Ltd. boosted its position in AAR by 4.2% in the 2nd quarter. Invesco Ltd. now owns 1,208,796 shares of the aerospace company’s stock valued at $83,153,000 after buying an additional 48,376 shares during the period. Franklin Resources Inc. grew its stake in AAR by 36.9% in 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 in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of AAR by 1.4% during the second quarter. Geode Capital Management LLC now owns 838,492 shares of the aerospace company’s stock worth $57,687,000 after acquiring an additional 11,170 shares during the period. Hedge funds and other institutional investors own 90.74% of the company’s stock.

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.