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

Shares of AAR Corp. (NYSE:AIRGet Rating) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $50.00.

Several research analysts recently issued reports on the company. Royal Bank of Canada cut their target price on AAR from $54.00 to $52.00 and set an “outperform” rating on the stock in a research report on Friday, September 23rd. TheStreet upgraded AAR from a “c+” rating to a “b-” rating in a report on Thursday, November 10th. Truist Financial dropped their price target on AAR from $54.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, September 23rd. Finally, StockNews.com started coverage on AAR in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.

AAR Stock Performance

NYSE:AIR opened at $46.46 on Friday. The stock’s 50-day simple moving average is $41.35 and its 200 day simple moving average is $43.32. The firm has a market capitalization of $1.63 billion, a PE ratio of 18.58 and a beta of 1.58. The company has a quick ratio of 1.28, a current ratio of 2.89 and a debt-to-equity ratio of 0.11. AAR has a twelve month low of $31.89 and a twelve month high of $52.83.

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

Insider Activity at AAR

In related news, CEO John Mcclain Holmes III sold 57,000 shares of the business’s stock in a transaction on Monday, October 31st. The stock was sold at an average price of $44.53, for a total transaction of $2,538,210.00. Following the sale, the chief executive officer now directly owns 278,611 shares in the company, valued at approximately $12,406,547.83. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO John Mcclain Holmes III sold 57,000 shares of the business’s stock in a transaction on Monday, October 31st. The stock was sold at an average price of $44.53, for a total transaction of $2,538,210.00. Following the sale, the chief executive officer now directly owns 278,611 shares in the company, valued at approximately $12,406,547.83. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction, the director now owns 2,574 shares of the company’s stock, valued at $111,660.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,894 shares of company stock worth $4,347,572. 7.74% of the stock is owned by company insiders.

Institutional Investors Weigh In On AAR

Several institutional investors have recently bought and sold shares of AIR. Earnest Partners LLC boosted its holdings in AAR by 69.4% during the 1st quarter. Earnest Partners LLC now owns 2,481,696 shares of the aerospace company’s stock valued at $120,189,000 after acquiring an additional 1,016,525 shares during the period. BlackRock Inc. boosted its holdings in AAR by 10.7% during the 1st quarter. BlackRock Inc. now owns 6,239,962 shares of the aerospace company’s stock valued at $302,202,000 after acquiring an additional 601,462 shares during the period. State Street Corp raised its position in AAR by 32.1% during the 1st quarter. State Street Corp now owns 2,209,912 shares of the aerospace company’s stock valued at $107,026,000 after purchasing an additional 537,011 shares during the last quarter. Millennium Management LLC raised its position in AAR by 6,947.0% during the 2nd quarter. Millennium Management LLC now owns 332,196 shares of the aerospace company’s stock valued at $13,899,000 after purchasing an additional 327,482 shares during the last quarter. Finally, Rubric Capital Management LP raised its position in AAR by 29.5% during the 3rd quarter. Rubric Capital Management LP now owns 1,435,255 shares of the aerospace company’s stock valued at $51,411,000 after purchasing an additional 326,965 shares during the last quarter. 98.13% of the stock is currently owned by hedge funds and other institutional investors.

About AAR

(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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