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

AAR Corp. (NYSE:AIR) has earned a consensus rating of “Buy” from the five research firms that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $81.50.

Several research analysts have issued reports on AIR shares. StockNews.com upgraded shares of AAR from a “sell” rating to a “hold” rating in a research report on Friday. Benchmark reaffirmed a “buy” rating and set a $83.00 target price on shares of AAR in a research report on Friday, October 4th. KeyCorp began coverage on AAR in a report on Thursday, January 16th. They set an “overweight” rating and a $83.00 target price for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $75.00 price target on shares of AAR in a research note on Monday, November 4th.

Insider Activity

In related news, CEO John Mcclain Holmes III sold 128,427 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $66.76, for a total value of $8,573,786.52. Following the transaction, the chief executive officer now owns 346,680 shares in the company, valued at approximately $23,144,356.80. This represents a 27.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Sean M. Gillen sold 17,385 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $66.33, for a total transaction of $1,153,147.05. Following the transaction, the chief financial officer now directly 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. Over the last quarter, insiders have sold 180,793 shares of company stock worth $12,184,346. 4.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AAR

Large investors have recently bought and sold shares of the business. Earnest Partners LLC lifted its holdings in AAR by 3.2% in the 2nd quarter. Earnest Partners LLC now owns 1,588,893 shares of the aerospace company’s stock worth $115,513,000 after purchasing an additional 48,630 shares during the last quarter. Westwood Holdings Group Inc. bought a new position in AAR during the second quarter worth $77,754,000. Franklin Resources Inc. raised its stake in AAR by 13.4% during the 3rd quarter. Franklin Resources Inc. now owns 969,741 shares of the aerospace company’s stock valued at $59,591,000 after purchasing an additional 114,460 shares during the last quarter. Geode Capital Management LLC boosted its holdings in AAR by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 796,962 shares of the aerospace company’s stock valued at $52,101,000 after purchasing an additional 27,747 shares during the period. Finally, Loomis Sayles & Co. L P grew its position in AAR by 20.5% in the 3rd quarter. Loomis Sayles & Co. L P now owns 790,267 shares of the aerospace company’s stock worth $51,652,000 after purchasing an additional 134,215 shares during the last quarter. 90.74% of the stock is currently owned by institutional investors.

AAR Trading Down 0.5 %

Shares of AAR stock opened at $70.25 on Thursday. The business has a fifty day simple moving average of $65.83 and a 200-day simple moving average of $65.11. AAR has a fifty-two week low of $54.71 and a fifty-two week high of $76.34. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 250.91 and a beta of 1.61. The company has a quick ratio of 1.45, a current ratio of 2.68 and a debt-to-equity ratio of 0.84.

AAR (NYSE:AIR) last posted its quarterly earnings data on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.07. AAR had a net margin of 0.41% and a return on equity of 10.46%. The company had revenue of $686.10 million during the quarter, compared to analyst estimates of $654.47 million. During the same quarter last year, the firm posted $0.81 EPS. The business’s revenue for the quarter was up 25.8% on a year-over-year basis. On average, equities analysts forecast that AAR will post 3.75 EPS for the current fiscal year.

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.