AAR (NYSE:AIR) Upgraded at KeyCorp

KeyCorp upgraded shares of AAR (NYSE:AIR) to a strong-buy rating in a research report released on Wednesday morning,Zacks.com reports. KeyCorp also issued estimates for AAR’s FY2025 earnings at $3.83 EPS and FY2026 earnings at $4.63 EPS.

A number of other equities research analysts also recently issued reports on the company. Royal Bank of Canada restated an “outperform” rating and set a $75.00 price objective on shares of AAR in a research report on Monday, November 4th. Benchmark restated a “buy” rating and set a $83.00 price target on shares of AAR in a report on Friday, October 4th. Finally, StockNews.com lowered shares of AAR from a “hold” rating to a “sell” rating in a research note on Thursday, January 9th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $81.50.

AAR Trading Down 0.5 %

Shares of AIR opened at $70.25 on Wednesday. The stock has a market capitalization of $2.52 billion, a PE ratio of 250.91 and a beta of 1.61. The company’s fifty day moving average is $65.77 and its 200 day moving average is $65.22. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.45 and a current ratio of 2.68. AAR has a fifty-two week low of $54.71 and a fifty-two week high of $76.34.

AAR (NYSE:AIR) last posted its earnings results on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.07. The firm had revenue of $686.10 million for the quarter, compared to the consensus estimate of $654.47 million. AAR had a net margin of 0.41% and a return on equity of 10.46%. The business’s quarterly revenue was up 25.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.81 EPS. Sell-side analysts expect that AAR will post 3.75 earnings per share for the current fiscal 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 shares were sold at an average price of $70.40, for a total transaction of $2,357,062.40. Following the completion of the sale, the senior vice president now directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jessica A. Garascia sold 1,500 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $66.90, for a total transaction of $100,350.00. Following the completion of the transaction, the chief accounting officer now directly owns 37,565 shares in the company, valued at $2,513,098.50. This represents a 3.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 180,793 shares of company stock worth $12,184,346. 4.10% of the stock is currently owned by company insiders.

Institutional Trading of AAR

Institutional investors and hedge funds have recently modified their holdings of the stock. Westwood Holdings Group Inc. purchased a new position in AAR during the 2nd quarter worth $77,754,000. Allspring Global Investments Holdings LLC increased its stake in shares of AAR by 32.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 732,957 shares of the aerospace company’s stock valued at $47,906,000 after buying an additional 181,518 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of AAR by 83.6% in the second 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 lifted its stake in AAR by 20.5% in the third 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 period. Finally, Franklin Resources Inc. grew its holdings in AAR by 13.4% during the 3rd quarter. Franklin Resources Inc. now owns 969,741 shares of the aerospace company’s stock worth $59,591,000 after acquiring an additional 114,460 shares in the last quarter. 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. 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.