AAR (NYSE:AIR) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

AAR (NYSE:AIR) had its target price increased by investment analysts at Royal Bank Of Canada from $105.00 to $125.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the aerospace company’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 3.72% from the company’s current price.

A number of other equities research analysts have also recently issued reports on AIR. Wall Street Zen upgraded shares of AAR from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. KeyCorp upped their price objective on shares of AAR from $109.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday. The Goldman Sachs Group initiated coverage on shares of AAR in a report on Monday, January 26th. They set a “neutral” rating and a $121.00 price objective for the company. Jefferies Financial Group reissued a “buy” rating on shares of AAR in a report on Tuesday. Finally, Truist Financial restated a “buy” rating and set a $128.00 target price (up from $107.00) on shares of AAR in a report on Friday, March 6th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.80.

AAR Price Performance

AIR stock traded up $12.70 during trading on Wednesday, hitting $120.51. The company had a trading volume of 259,442 shares, compared to its average volume of 528,111. The company has a fifty day moving average price of $109.82 and a two-hundred day moving average price of $92.34. AAR has a fifty-two week low of $46.51 and a fifty-two week high of $121.64. The company has a market cap of $4.77 billion, a P/E ratio of 47.22 and a beta of 1.19. 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 data on Tuesday, March 24th. The aerospace company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.04. AAR had a return on equity of 12.40% and a net margin of 3.17%.The firm had revenue of $845.10 million during the quarter, compared to analyst estimates of $812.58 million. During the same period in the prior year, the company posted $0.99 earnings per share. The business’s revenue for the quarter was up 24.6% compared to the same quarter last year. Equities research analysts expect that AAR will post 3.77 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Christopher A. Jessup sold 23,621 shares of the business’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $97.05, for a total transaction of $2,292,418.05. Following the transaction, the senior vice president directly owned 65,769 shares in the company, valued at $6,382,881.45. The trade was a 26.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John Mcclain Holmes III sold 30,000 shares of the company’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $97.50, for a total transaction of $2,925,000.00. Following the completion of the sale, the chief executive officer directly owned 237,064 shares in the company, valued at approximately $23,113,740. The trade was a 11.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 128,984 shares of company stock valued at $12,517,090 over the last three months. Corporate insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On AAR

A number of institutional investors have recently bought and sold shares of the business. Lido Advisors LLC lifted its position in shares of AAR by 2.8% in the fourth quarter. Lido Advisors LLC now owns 3,618 shares of the aerospace company’s stock valued at $318,000 after buying an additional 98 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of AAR by 12.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,162 shares of the aerospace company’s stock worth $97,000 after acquiring an additional 126 shares during the last quarter. Arizona State Retirement System raised its stake in AAR by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 10,683 shares of the aerospace company’s stock valued at $958,000 after acquiring an additional 147 shares during the period. CWM LLC lifted its holdings in AAR by 19.3% during the 4th quarter. CWM LLC now owns 950 shares of the aerospace company’s stock valued at $79,000 after purchasing an additional 154 shares during the last quarter. Finally, Captrust Financial Advisors boosted its position in AAR by 5.2% during the fourth quarter. Captrust Financial Advisors now owns 3,395 shares of the aerospace company’s stock worth $281,000 after purchasing an additional 168 shares during the period. Institutional investors and hedge funds own 90.74% of the company’s stock.

Key Headlines Impacting AAR

Here are the key news stories impacting AAR this week:

• Positive Sentiment: Q3 results beat — AAR reported $1.25 EPS vs. $1.21 consensus and revenue of $845.1M (up 24.6% YoY), showing broad sales strength that underpins the stock move. MarketBeat: AAR Q3 Results
• Positive Sentiment: Analyst upgrade — KeyCorp raised its price target from $109 to $120 and set an “overweight” rating, providing third‑party validation of upside against recent levels and likely supporting short-term buying. Benzinga: KeyCorp Raises Price Target
• Positive Sentiment: New contract wins — AAR announced $450M in pallet contracts with the U.S. Air Force, adding a material, multi-year revenue stream and increasing backlog visibility. PR Newswire: $450M Pallet Contracts
• Neutral Sentiment: Earnings call color and slides — Management emphasized robust sales growth and integration of acquisitions; slides and transcript provide detail on margin drivers and aftermarket demand for investors doing deeper due diligence. Yahoo Finance: AAR Q3 Earnings Call Highlights
• Neutral Sentiment: Full transcript and presentation available — For detailed read-through of guidance commentary, cash flow and segment performance see the Seeking Alpha transcript and the company’s earnings presentation. Seeking Alpha: Q3 Earnings Transcript

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.