Brokerages Set AAR Corp. (NYSE:AIR) Price Target at $131.20

AAR Corp. (NYSE:AIR) has received an average rating of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $131.20.

Several brokerages have commented on AIR. KeyCorp boosted their price target on shares of AAR from $120.00 to $132.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Truist Financial upgraded shares of AAR to a “strong-buy” rating in a research report on Friday, May 1st. Jefferies Financial Group boosted their price target on shares of AAR to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, March 24th. Zacks Research cut shares of AAR from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Finally, Royal Bank Of Canada boosted their price target on shares of AAR from $105.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 25th.

AAR Price Performance

Shares of AAR stock opened at $131.46 on Tuesday. The company has a current ratio of 2.70, a quick ratio of 1.23 and a debt-to-equity ratio of 0.54. The company’s 50-day moving average price is $114.68 and its two-hundred day moving average price is $105.52. AAR has a 52 week low of $66.68 and a 52 week high of $134.74. The stock has a market cap of $5.23 billion, a PE ratio of 29.15 and a beta of 1.13.

AAR (NYSE:AIR) last issued its quarterly earnings results on Tuesday, March 24th. The aerospace company reported $1.25 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 for the quarter, compared to analysts’ expectations of $812.58 million. During the same period in the previous year, the business earned $0.99 earnings per share. AAR’s revenue for the quarter was up 24.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that AAR will post 4.97 EPS for the current fiscal year.

Insider Buying and Selling

In other AAR news, CEO John Mcclain Holmes III sold 26,175 shares of the business’s stock in a transaction dated Friday, March 27th. The shares were sold at an average price of $107.60, for a total value of $2,816,430.00. Following the sale, the chief executive officer directly owned 235,064 shares in the company, valued at approximately $25,292,886.40. The trade was a 10.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.60% of the company’s stock.

Institutional Trading of AAR

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Lido Advisors LLC raised its holdings in AAR by 2.8% during the 4th quarter. Lido Advisors LLC now owns 3,618 shares of the aerospace company’s stock worth $318,000 after buying an additional 98 shares during the period. Smartleaf Asset Management LLC raised its holdings in 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 buying an additional 126 shares during the period. PNC Financial Services Group Inc. raised its holdings in AAR by 1.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,073 shares of the aerospace company’s stock worth $884,000 after buying an additional 132 shares during the period. Arizona State Retirement System raised its holdings in AAR by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 10,683 shares of the aerospace company’s stock worth $958,000 after buying an additional 147 shares during the period. Finally, CWM LLC raised its holdings in AAR by 19.3% during the 4th quarter. CWM LLC now owns 950 shares of the aerospace company’s stock worth $79,000 after buying an additional 154 shares during the period. Institutional investors and hedge funds own 90.74% of the company’s stock.

AAR Company Profile

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.