AAR Corp. (NYSE:AIR) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of AAR Corp. (NYSE:AIR) have received an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $131.20.

AIR has been the topic of several recent research reports. Wall Street Zen cut shares of AAR from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Zacks Research cut shares of AAR from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Royal Bank Of Canada lifted their price objective on shares of AAR from $105.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 25th. Truist Financial raised shares of AAR to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Weiss Ratings downgraded shares of AAR from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th.

AAR Stock Performance

Shares of AIR opened at $128.88 on Tuesday. The firm’s 50 day moving average is $114.25 and its 200-day moving average is $105.00. The stock has a market capitalization of $5.12 billion, a P/E ratio of 28.58 and a beta of 1.13. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.70 and a quick ratio of 1.23. AAR has a 12-month low of $66.68 and a 12-month high of $130.00.

AAR (NYSE:AIR) last announced 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. The company had revenue of $845.10 million for the quarter, compared to analysts’ expectations of $812.58 million. AAR had a net margin of 5.46% and a return on equity of 12.39%. The business’s revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS. Equities research analysts anticipate that AAR will post 4.97 EPS for the current fiscal year.

Insider Buying and Selling at AAR

In other news, CEO John Mcclain Holmes III sold 60,000 shares of AAR stock in a transaction that occurred on Thursday, March 26th. The shares were sold at an average price of $112.41, for a total value of $6,744,600.00. Following the transaction, the chief executive officer directly owned 235,064 shares of the company’s stock, valued at $26,423,544.24. This trade represents a 20.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Lido Advisors LLC increased 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 worth $318,000 after acquiring an additional 98 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of AAR by 12.2% in the fourth 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 in the last quarter. PNC Financial Services Group Inc. increased its position in shares of AAR by 1.7% in the first quarter. PNC Financial Services Group Inc. now owns 8,073 shares of the aerospace company’s stock worth $884,000 after acquiring an additional 132 shares in the last quarter. Arizona State Retirement System increased its position in shares of AAR by 1.4% in the third quarter. Arizona State Retirement System now owns 10,683 shares of the aerospace company’s stock worth $958,000 after acquiring an additional 147 shares in the last quarter. Finally, CWM LLC increased its position in shares of AAR by 19.3% in the fourth quarter. CWM LLC now owns 950 shares of the aerospace company’s stock worth $79,000 after acquiring an additional 154 shares in the last quarter. 90.74% of the stock is owned by hedge funds and other institutional investors.

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.