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

Wall Street Zen lowered shares of AAR (NYSE:AIR) from a strong-buy rating to a buy rating in a research note released on Saturday.

Other analysts have also recently issued reports about the company. Truist Financial raised AAR to a “strong-buy” rating in a report on Friday, May 1st. The Goldman Sachs Group started coverage on AAR in a report on Monday, January 26th. They set a “neutral” rating and a $121.00 price objective on the stock. Weiss Ratings raised AAR from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, March 27th. Zacks Research cut AAR from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Finally, Jefferies Financial Group upped their price objective on AAR to $150.00 and gave the stock a “buy” rating in a report on Tuesday, March 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $131.20.

AAR Trading Down 0.1%

AIR stock opened at $117.76 on Friday. AAR has a 1-year low of $58.73 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 company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 26.11 and a beta of 1.14. The business has a 50 day simple moving average of $112.92 and a two-hundred day simple moving average of $99.64.

AAR (NYSE:AIR) last posted its quarterly earnings results on Tuesday, March 24th. The aerospace company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.04. AAR had a return on equity of 12.39% and a net margin of 5.46%.The business had revenue of $845.10 million during the quarter, compared to the consensus estimate of $812.58 million. During the same period in the prior year, the company posted $0.99 EPS. The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. Research analysts anticipate that AAR will post 4.95 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO John Mcclain Holmes III sold 26,175 shares of the stock in a transaction on Friday, March 27th. The stock was sold at an average price of $107.60, for a total transaction of $2,816,430.00. Following the sale, the chief executive officer owned 235,064 shares in the company, valued at approximately $25,292,886.40. This represents a 10.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 3.60% of the company’s stock.

Institutional Trading of AAR

Several hedge funds and other institutional investors have recently bought and sold shares of AIR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in AAR by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,779 shares of the aerospace company’s stock valued at $1,163,000 after buying an additional 904 shares during the period. Millennium Management LLC raised its holdings in AAR by 35.8% during the 1st quarter. Millennium Management LLC now owns 134,966 shares of the aerospace company’s stock valued at $7,557,000 after buying an additional 35,608 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in AAR by 4.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 97,384 shares of the aerospace company’s stock valued at $5,453,000 after buying an additional 4,288 shares during the period. State Street Corp raised its holdings in AAR by 10.9% during the 2nd quarter. State Street Corp now owns 1,917,821 shares of the aerospace company’s stock valued at $131,927,000 after buying an additional 188,406 shares during the period. Finally, Sei Investments Co. raised its holdings in AAR by 4.2% during the 2nd quarter. Sei Investments Co. now owns 265,375 shares of the aerospace company’s stock valued at $18,255,000 after buying an additional 10,725 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.