AAR Corp. (NYSE:AIR) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of AAR Corp. (NYSE:AIRGet Rating) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $50.00.

Several research firms recently commented on AIR. TheStreet raised AAR from a “c+” rating to a “b-” rating in a research note on Thursday, November 10th. StockNews.com began coverage on AAR in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Truist Financial lowered their target price on AAR from $54.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, September 23rd. Finally, Royal Bank of Canada lowered their target price on AAR from $54.00 to $52.00 and set an “outperform” rating for the company in a research note on Friday, September 23rd.

AAR Price Performance

NYSE:AIR opened at $46.46 on Friday. AAR has a 52 week low of $31.89 and a 52 week high of $52.83. The company has a quick ratio of 1.28, a current ratio of 2.89 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $1.63 billion, a P/E ratio of 18.58 and a beta of 1.58. The stock’s fifty day moving average is $41.35 and its two-hundred day moving average is $43.32.

AAR (NYSE:AIRGet Rating) last issued its quarterly earnings data on Thursday, September 22nd. The aerospace company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. AAR had a return on equity of 8.77% and a net margin of 4.96%. The business had revenue of $446.30 million during the quarter, compared to analysts’ expectations of $455.10 million. During the same period in the previous year, the firm posted $0.52 earnings per share. The company’s revenue was down 1.9% on a year-over-year basis. Equities analysts expect that AAR will post 2.96 EPS for the current year.

Insider Transactions at AAR

In other news, Director H John Gilbertson, Jr. sold 9,894 shares of the company’s stock in a transaction dated Tuesday, October 25th. The stock was sold at an average price of $43.38, for a total transaction of $429,201.72. Following the completion of the transaction, the director now directly owns 2,574 shares of the company’s stock, valued at approximately $111,660.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director H John Gilbertson, Jr. sold 9,894 shares of the business’s stock in a transaction dated Tuesday, October 25th. The stock was sold at an average price of $43.38, for a total value of $429,201.72. Following the completion of the sale, the director now directly owns 2,574 shares of the company’s stock, valued at approximately $111,660.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony Anderson sold 14,000 shares of the company’s stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of $42.74, for a total value of $598,360.00. Following the sale, the director now directly owns 10,334 shares of the company’s stock, valued at $441,675.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,894 shares of company stock valued at $4,347,572. 7.74% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AAR

A number of large investors have recently bought and sold shares of the stock. Inspire Investing LLC grew its holdings in AAR by 4.5% during the 2nd quarter. Inspire Investing LLC now owns 5,079 shares of the aerospace company’s stock valued at $213,000 after buying an additional 217 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of AAR by 2.2% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 11,157 shares of the aerospace company’s stock worth $400,000 after purchasing an additional 245 shares during the period. Mutual of America Capital Management LLC lifted its stake in shares of AAR by 5.4% during the 1st quarter. Mutual of America Capital Management LLC now owns 4,804 shares of the aerospace company’s stock worth $233,000 after purchasing an additional 248 shares during the period. Maryland State Retirement & Pension System raised its position in shares of AAR by 1.9% in the 3rd quarter. Maryland State Retirement & Pension System now owns 13,656 shares of the aerospace company’s stock worth $489,000 after buying an additional 249 shares during the period. Finally, Texas Permanent School Fund raised its position in shares of AAR by 1.0% in the 3rd quarter. Texas Permanent School Fund now owns 24,193 shares of the aerospace company’s stock worth $867,000 after buying an additional 250 shares during the period. Institutional investors and hedge funds own 98.13% of the company’s stock.

AAR Company Profile

(Get Rating)

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services. This segment also sells and leases new, overhauled, and repaired engine and airframe parts, and components; and provides inventory and repair programs, warranty claim management, and outsourcing programs for engine and airframe parts and components, as well as performance-based supply chain logistics programs in support of the U.S.

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