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

AAR (NYSE:AIR) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

AIR has been the subject of several other research reports. Truist Financial lowered their target price on AAR from $81.00 to $78.00 and set a “buy” rating for the company in a research note on Friday. KeyCorp assumed coverage on shares of AAR in a report on Thursday, January 16th. They set an “overweight” rating and a $83.00 price target on the stock. One analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $80.80.

AAR Stock Performance

NYSE AIR opened at $57.14 on Friday. The firm’s 50 day simple moving average is $66.69 and its 200 day simple moving average is $65.43. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 204.08 and a beta of 1.58. The company has a current ratio of 2.68, a quick ratio of 1.27 and a debt-to-equity ratio of 0.84. AAR has a 1 year low of $54.71 and a 1 year high of $76.34.

AAR (NYSE:AIR) last issued its earnings results on Thursday, March 27th. The aerospace company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. AAR had a return on equity of 10.46% and a net margin of 0.41%. The firm had revenue of $678.20 million for the quarter, compared to the consensus estimate of $699.13 million. During the same quarter last year, the business posted $0.85 EPS. The company’s revenue was up 19.5% compared to the same quarter last year. As a group, research analysts expect that AAR will post 3.77 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO John Mcclain Holmes III sold 5,000 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $70.81, for a total value of $354,050.00. Following the completion of the sale, the chief executive officer now directly owns 341,680 shares in the company, valued at $24,194,360.80. This represents a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Christopher A. Jessup sold 33,481 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $70.40, for a total value of $2,357,062.40. Following the completion of the sale, the senior vice president now owns 63,209 shares in the company, valued at $4,449,913.60. The trade was a 34.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 185,793 shares of company stock valued at $12,538,396. 4.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AAR

Large investors have recently bought and sold shares of the stock. National Bank of Canada FI purchased a new position in shares of AAR during the third quarter valued at approximately $25,000. Putney Financial Group LLC purchased a new position in AAR during the 4th quarter worth $30,000. Virtus Fund Advisers LLC bought a new stake in shares of AAR in the 4th quarter worth $36,000. Sterling Capital Management LLC raised its holdings in shares of AAR by 761.2% in the fourth quarter. Sterling Capital Management LLC now owns 887 shares of the aerospace company’s stock valued at $54,000 after purchasing an additional 784 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of AAR by 124.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the aerospace company’s stock valued at $62,000 after purchasing an additional 561 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.