AAR (NYSE:AIR) Stock Rating Lowered by StockNews.com

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

Several other equities analysts have also recently weighed in on AIR. Benchmark reissued a “buy” rating and set a $83.00 price objective on shares of AAR in a research report on Friday, October 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 price target on shares of AAR in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $81.00.

AAR Trading Up 0.7 %

Shares of AIR stock opened at $67.59 on Thursday. AAR has a 12 month low of $54.71 and a 12 month high of $76.34. The company has a market cap of $2.43 billion, a PE ratio of 37.14 and a beta of 1.61. The company has a quick ratio of 1.45, a current ratio of 3.06 and a debt-to-equity ratio of 0.81. The business’s 50 day moving average is $64.86 and its two-hundred day moving average is $65.31.

AAR (NYSE:AIR) last posted its earnings results on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.07. The business had revenue of $686.10 million for the quarter, compared to analyst estimates of $654.47 million. AAR had a net margin of 2.67% and a return on equity of 10.22%. AAR’s revenue was up 25.8% compared to the same quarter last year. During the same period last year, the business posted $0.81 EPS. Equities analysts predict that AAR will post 3.63 EPS for the current year.

Insider Activity at AAR

In related news, CFO Sean M. Gillen sold 17,385 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $66.33, for a total value of $1,153,147.05. Following the completion of the transaction, the chief financial officer now directly owns 72,326 shares of the company’s stock, valued at $4,797,383.58. This trade represents a 19.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jessica A. Garascia sold 1,500 shares of AAR stock in a transaction on Friday, January 10th. The stock was sold at an average price of $66.90, for a total transaction of $100,350.00. Following the sale, the chief accounting officer now 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. 4.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Amalgamated Bank grew its stake in shares of AAR by 1.7% in the 3rd quarter. Amalgamated Bank now owns 10,319 shares of the aerospace company’s stock valued at $674,000 after purchasing an additional 177 shares during the period. Captrust Financial Advisors boosted its stake in AAR by 5.3% in the 3rd quarter. Captrust Financial Advisors now owns 3,537 shares of the aerospace company’s stock valued at $231,000 after buying an additional 177 shares in the last quarter. HighTower Advisors LLC grew its position in AAR by 6.1% in the third quarter. HighTower Advisors LLC now owns 3,818 shares of the aerospace company’s stock valued at $249,000 after acquiring an additional 220 shares during the period. EverSource Wealth Advisors LLC raised its stake in AAR by 43.0% during the second quarter. EverSource Wealth Advisors LLC now owns 778 shares of the aerospace company’s stock worth $57,000 after acquiring an additional 234 shares in the last quarter. Finally, Truist Financial Corp lifted its holdings in shares of AAR by 3.4% during the second quarter. Truist Financial Corp now owns 9,040 shares of the aerospace company’s stock valued at $657,000 after acquiring an additional 296 shares during the period. Institutional investors and hedge funds own 90.74% of the company’s stock.

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.