Analysts Set AAR Corp. (NYSE:AIR) PT at $131.20

AAR Corp. (NYSE:AIR) has been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $131.20.

AIR has been the subject of several recent analyst reports. The Goldman Sachs Group initiated coverage on shares of AAR in a research note on Monday, January 26th. They issued a “neutral” rating and a $121.00 target price for the company. Jefferies Financial Group boosted their price target on shares of AAR to $150.00 and gave the stock a “buy” rating in a report on Tuesday, March 24th. Truist Financial reissued a “buy” rating and issued a $128.00 price target (up from $107.00) on shares of AAR in a report on Friday, March 6th. Weiss Ratings raised shares of AAR from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, March 27th. Finally, KeyCorp boosted their price target on shares of AAR from $120.00 to $132.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th.

AAR Stock Performance

NYSE AIR opened at $111.50 on Monday. AAR has a 1 year low of $51.75 and a 1 year high of $127.21. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.70 and a quick ratio of 1.23. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of 24.72 and a beta of 1.20. The company has a fifty day moving average price of $113.50 and a 200-day moving average price of $97.67.

AAR (NYSE:AIR) last posted its earnings results 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 net margin of 5.46% and a return on equity of 12.39%. The firm had revenue of $845.10 million during the quarter, compared to analyst estimates of $812.58 million. During the same quarter in the prior year, the business posted $0.99 EPS. The business’s revenue was up 24.6% compared to the same quarter last year. As a group, equities research analysts predict that AAR will post 4.95 EPS for the current fiscal year.

Insider Transactions at AAR

In related news, CFO Sarah Louise Flanagan sold 10,750 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $108.56, for a total value of $1,167,020.00. Following the transaction, the chief financial officer directly owned 32,848 shares of the company’s stock, valued at approximately $3,565,978.88. The trade was a 24.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John Mcclain Holmes III sold 60,000 shares of the business’s stock in a transaction dated Thursday, March 26th. The stock was sold at an average price of $112.41, for a total transaction of $6,744,600.00. Following the completion of the transaction, the chief executive officer directly owned 235,064 shares in the company, valued at $26,423,544.24. This trade represents a 20.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 106,925 shares of company stock worth $11,812,450 over the last three months. 3.60% of the stock is owned by insiders.

Institutional Investors Weigh In On AAR

Several institutional investors have recently added to or reduced their stakes in AIR. McMillan Office Inc. purchased a new stake in AAR during the fourth quarter valued at about $25,000. Osterweis Capital Management Inc. purchased a new stake in AAR during the second quarter valued at about $26,000. Morse Asset Management Inc purchased a new stake in AAR during the third quarter valued at about $27,000. NBC Securities Inc. purchased a new stake in AAR during the fourth quarter valued at about $28,000. Finally, Danske Bank A S purchased a new stake in AAR during 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.