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

Shares of AAR Corp. (NYSE:AIR) have been given a consensus rating of “Buy” by the five research firms that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have covered the stock in the last year is $81.50.

Several research analysts recently issued reports on AIR shares. KeyCorp initiated coverage on AAR in a research report on Thursday. They set an “overweight” rating and a $83.00 target price on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 price objective on shares of AAR in a report on Monday, November 4th. Benchmark reissued a “buy” rating and set a $83.00 price target on shares of AAR in a research report on Friday, October 4th. Finally, StockNews.com downgraded shares of AAR from a “hold” rating to a “sell” rating in a research report on Thursday, January 9th.

AAR Stock Performance

AIR opened at $69.60 on Thursday. AAR has a 1-year low of $54.71 and a 1-year high of $76.34. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 38.24 and a beta of 1.61. The company’s fifty day moving average price is $65.52 and its two-hundred day moving average price is $65.19. The company has a current ratio of 3.06, a quick ratio of 1.45 and a debt-to-equity ratio of 0.81.

AAR (NYSE:AIR) last posted its earnings results on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.07. The company had revenue of $686.10 million for the quarter, compared to analyst estimates of $654.47 million. AAR had a net margin of 2.67% and a return on equity of 10.22%. The firm’s revenue was up 25.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.81 EPS. On average, analysts expect that AAR will post 3.63 EPS for the current fiscal year.

Insider Transactions at AAR

In other news, CEO John Mcclain Holmes III sold 128,427 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $66.76, for a total transaction of $8,573,786.52. Following the completion of the sale, the chief executive officer now owns 346,680 shares in the company, valued at $23,144,356.80. This trade represents a 27.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Sean M. Gillen sold 17,385 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $66.33, for a total value of $1,153,147.05. Following the completion of the transaction, the chief financial officer now owns 72,326 shares in the company, valued at approximately $4,797,383.58. The trade was a 19.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,312 shares of company stock worth $9,827,284 in the last ninety days. Company insiders own 4.10% of the company’s stock.

Institutional Investors Weigh In On AAR

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AIR. National Bank of Canada FI bought a new position in AAR during the third quarter worth about $25,000. Quest Partners LLC bought a new position in AAR in the 2nd quarter worth approximately $33,000. EverSource Wealth Advisors LLC grew its stake in AAR by 43.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 778 shares of the aerospace company’s stock valued at $57,000 after buying an additional 234 shares in the last quarter. KBC Group NV raised its holdings in AAR by 32.9% during the 3rd quarter. KBC Group NV now owns 1,324 shares of the aerospace company’s stock valued at $87,000 after acquiring an additional 328 shares during the period. Finally, L & S Advisors Inc purchased a new stake in shares of AAR during the second quarter worth $218,000. 90.74% of the stock is currently owned by institutional investors.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Parts Supply segment leases and sells aircraft components and replacement parts. The Repair & Engineering segment provides airframe maintenance services, such as airframe inspection, painting, line maintenance, airframe modification, structural repair, avionics service and installation, exterior and interior refurbishment, and engineering and support services; component repair services comprising maintenance, repair, and overhaul (MRO) services, engine and airframe accessories, and interior refurbishment; and landing gear overhaul services, including repair services on wheels and brakes.