AAR (NYSE:AIR) Downgraded by StockNews.com to Sell

StockNews.com cut shares of AAR (NYSE:AIR) from a hold rating to a sell rating in a research report report published on Wednesday morning.

A number of other brokerages have also weighed in on AIR. Royal Bank of Canada lifted their price target on shares of AAR from $80.00 to $85.00 and gave the company an outperform rating in a research note on Friday, July 19th. Stifel Nicolaus cut their price objective on shares of AAR from $86.00 to $85.00 and set a buy rating on the stock in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $83.50.

AAR Trading Up 0.9 %

Shares of NYSE AIR opened at $64.53 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 2.98 and a debt-to-equity ratio of 0.83. AAR has a twelve month low of $54.71 and a twelve month high of $76.34. The company’s fifty day moving average is $65.92 and its 200-day moving average is $66.50. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 37.96 and a beta of 1.55.

AAR (NYSE:AIR) last posted its earnings results on Thursday, July 18th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.02. The firm had revenue of $656.50 million during the quarter, compared to analysts’ expectations of $660.05 million. AAR had a return on equity of 10.16% and a net margin of 2.00%. The company’s revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.83 earnings per share. Equities research analysts predict that AAR will post 3.84 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Westwood Holdings Group Inc. acquired a new position in shares of AAR during the 2nd quarter worth about $77,754,000. American Century Companies Inc. boosted its position in AAR by 1,956.5% during the second quarter. American Century Companies Inc. now owns 909,953 shares of the aerospace company’s stock valued at $66,154,000 after purchasing an additional 865,705 shares during the last quarter. Boston Partners acquired a new position in shares of AAR during the 1st quarter worth approximately $25,794,000. Allspring Global Investments Holdings LLC raised its stake in shares of AAR by 889.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 391,076 shares of the aerospace company’s stock worth $23,414,000 after purchasing an additional 351,540 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of AAR in the 4th quarter valued at approximately $21,511,000. Institutional investors own 90.74% of the company’s stock.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. It operates through Aviation Services and Expeditionary Services segments. The Aviation Services segment engages in lease and sale of new, overhauled and repaired engine, and airframe parts and components, as well as aircrafts; and offers customized flight hour component inventory and repair, warranty claim management, and outsourcing programs for engine and airframe parts and components.