AAR (NYSE:AIR) Coverage Initiated at KeyCorp

Equities researchers at KeyCorp began coverage on shares of AAR (NYSE:AIR) in a report issued on Thursday, Marketbeat reports. The brokerage set an “overweight” rating and a $83.00 price target on the aerospace company’s stock. KeyCorp’s price objective would suggest a potential upside of 18.15% from the company’s previous close. KeyCorp also issued estimates for AAR’s FY2025 earnings at $3.83 EPS and FY2026 earnings at $4.63 EPS.

Several other analysts have also recently weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 price objective on shares of AAR in a research note on Monday, November 4th. StockNews.com downgraded shares of AAR from a “hold” rating to a “sell” rating in a research report on Thursday, January 9th. Finally, Benchmark reissued a “buy” rating and set a $83.00 price target on shares of AAR in a research report on Friday, October 4th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $81.50.

AAR Trading Down 0.5 %

Shares of NYSE:AIR opened at $70.25 on Thursday. AAR has a 12-month low of $54.71 and a 12-month high of $76.34. The business has a 50 day moving average of $65.77 and a 200-day moving average of $65.22. The company has a quick ratio of 1.45, a current ratio of 2.68 and a debt-to-equity ratio of 0.84. The stock has a market cap of $2.52 billion, a PE ratio of 250.91 and a beta of 1.61.

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

Insider Transactions at AAR

In other news, SVP Christopher A. Jessup sold 33,481 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $70.40, for a total transaction of $2,357,062.40. Following the completion of the transaction, the senior vice president now owns 63,209 shares of the company’s stock, valued at approximately $4,449,913.60. The trade was a 34.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John Mcclain Holmes III sold 128,427 shares of the company’s stock in a transaction 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 sale, the chief executive officer now owns 346,680 shares of the company’s stock, valued at approximately $23,144,356.80. This represents a 27.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 180,793 shares of company stock valued at $12,184,346. Company insiders own 4.10% of the company’s stock.

Institutional Investors Weigh In On AAR

Hedge funds have recently made changes to their positions in the stock. Westwood Holdings Group Inc. bought a new position in AAR in the 2nd quarter valued at approximately $77,754,000. Allspring Global Investments Holdings LLC lifted its stake in shares of AAR by 32.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 732,957 shares of the aerospace company’s stock valued at $47,906,000 after acquiring an additional 181,518 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of AAR by 83.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 297,482 shares of the aerospace company’s stock valued at $21,627,000 after acquiring an additional 135,445 shares in the last quarter. Loomis Sayles & Co. L P grew its position in AAR by 20.5% during the 3rd quarter. Loomis Sayles & Co. L P now owns 790,267 shares of the aerospace company’s stock worth $51,652,000 after acquiring an additional 134,215 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in AAR by 13.4% in the 3rd quarter. Franklin Resources Inc. now owns 969,741 shares of the aerospace company’s stock worth $59,591,000 after purchasing an additional 114,460 shares in the last quarter. 90.74% of the stock is currently owned by institutional investors and hedge funds.

AAR Company Profile

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.