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

AAR Corp. (NYSE:AIR) has earned an average rating of “Buy” from the five analysts that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have covered the stock in the last year is $82.50.

A number of analysts recently issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and set a $80.00 price objective on shares of AAR in a research report on Friday, May 24th. Benchmark upped their price target on AAR from $65.00 to $83.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Finally, Stifel Nicolaus raised their price objective on shares of AAR from $81.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, May 14th.

Insider Transactions at AAR

In other AAR news, CEO John Mcclain Holmes III sold 28,145 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $57.96, for a total value of $1,631,284.20. Following the transaction, the chief executive officer now directly owns 303,621 shares of the company’s stock, valued at approximately $17,597,873.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Eric Pachapa sold 5,121 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $70.96, for a total transaction of $363,386.16. Following the sale, the chief accounting officer now owns 25,015 shares of the company’s stock, valued at $1,775,064.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO John Mcclain Holmes III sold 28,145 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $57.96, for a total value of $1,631,284.20. Following the sale, the chief executive officer now directly owns 303,621 shares in the company, valued at approximately $17,597,873.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 100,770 shares of company stock worth $6,387,031. Company insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC acquired a new position in AAR in the 3rd quarter valued at about $200,000. Deutsche Bank AG grew its position in AAR by 7.7% in the third quarter. Deutsche Bank AG now owns 18,561 shares of the aerospace company’s stock valued at $1,105,000 after acquiring an additional 1,335 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in AAR during the 3rd quarter valued at $33,000. PNC Financial Services Group Inc. increased its position in shares of AAR by 25.5% during the third quarter. PNC Financial Services Group Inc. now owns 5,846 shares of the aerospace company’s stock worth $348,000 after acquiring an additional 1,189 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in AAR by 123.8% in the third quarter. Envestnet Asset Management Inc. now owns 129,846 shares of the aerospace company’s stock valued at $7,730,000 after purchasing an additional 71,835 shares during the last quarter. Hedge funds and other institutional investors own 90.74% of the company’s stock.

AAR Stock Up 2.4 %

Shares of AIR opened at $72.57 on Thursday. The company has a quick ratio of 1.33, a current ratio of 2.90 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $69.58 and a two-hundred day simple moving average of $65.28. AAR has a 52-week low of $55.00 and a 52-week high of $73.95. The company has a market capitalization of $2.57 billion, a PE ratio of 42.69 and a beta of 1.59.

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.