AAR Corp. (AIR) – What Are Researchers Thinking About This Stock?

AAR Corp. (NYSE:AIR) has received a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $140.60.

Several analysts have recently weighed in on AIR shares. Wall Street Zen upgraded AAR from a “hold” rating to a “buy” rating in a report on Saturday, October 3rd. Jefferies Financial Group increased their target price on shares of AAR from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, September 29th. Guggenheim restated a “neutral” rating on shares of AAR in a report on Tuesday, September 29th. Truist Financial lifted their price target on shares of AAR from $128.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Finally, Zacks Research cut AAR from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th.

AAR Stock Performance

Shares of AIR stock opened at $115.72 on Friday. AAR has a 12-month low of $76.10 and a 12-month high of $154.00. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.83 and a quick ratio of 1.28. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of 23.71 and a beta of 1.14. The business has a 50 day simple moving average of $109.28 and a 200 day simple moving average of $118.61.

AAR (NYSE:AIR) last announced its earnings results on Monday, September 28th. The aerospace company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.19. AAR had a return on equity of 12.99% and a net margin of 5.55%. The firm had revenue of $918.00 million for the quarter, compared to the consensus estimate of $878.81 million. During the same quarter in the previous year, the business earned $1.08 EPS. The firm’s revenue for the quarter was up 24.1% on a year-over-year basis. On average, equities research analysts anticipate that AAR will post 5.89 EPS for the current year.

Insider Buying and Selling at AAR

In other AAR news, Director Ellen M. Lord sold 4,341 shares of the company’s stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $104.64, for a total transaction of $454,242.24. Following the completion of the sale, the director directly owned 5,814 shares of the company’s stock, valued at approximately $608,376.96. This represents a 42.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John Holmes, III sold 35,000 shares of the company’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $97.41, for a total transaction of $3,409,350.00. Following the sale, the chief executive officer directly owned 406,362 shares of the company’s stock, valued at $39,583,722.42. This represents a 7.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 43,582 shares of company stock valued at $4,288,710. Corporate insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On AAR

A number of large investors have recently made changes to their positions in AIR. Jupiter Topco LLC acquired a new stake in shares of AAR during the second quarter worth approximately $24,861,000. Quantbot Technologies LP acquired a new position in AAR in the 2nd quarter valued at approximately $1,631,000. B. Metzler seel. Sohn & Co. AG acquired a new position in AAR in the 2nd quarter valued at approximately $1,286,000. Oppenheimer Asset Management Inc. purchased a new stake in AAR in the 2nd quarter worth approximately $3,630,000. Finally, Deutsche Bank AG purchased a new stake in AAR in the 2nd quarter worth approximately $8,640,000. Institutional investors and hedge funds own 90.74% of the company’s stock.

AAR Company Profile

AAR Corp. is a global provider of aviation services and products for commercial airlines, aircraft operators, original equipment manufacturers and government customers. Its offerings include aircraft parts and component distribution, repair and maintenance, engineering services, and supply-chain and inventory management. The company also provides services to support government and defense aviation operations, including logistics and airlift-related support. AAR serves customers across multiple regions, with operations and facilities in the Americas, Europe and other international markets.