AAR (NYSE:AIR) Upgraded at StockNews.com

AAR (NYSE:AIR) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.

A number of other equities research analysts also recently weighed in on AIR. Benchmark reissued a “buy” rating and set a $83.00 price target on shares of AAR in a research note on Friday, October 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 target price on shares of AAR in a research note on Monday, November 4th. Finally, KeyCorp began coverage on shares of AAR in a research note on Thursday, January 16th. They issued an “overweight” rating and a $83.00 target price for the company. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, AAR presently has an average rating of “Buy” and an average target price of $81.50.

AAR Stock Down 2.3 %

AIR stock opened at $68.88 on Tuesday. 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. The company has a fifty day simple moving average of $66.18 and a 200 day simple moving average of $65.06. The firm has a market cap of $2.47 billion, a PE ratio of 245.99 and a beta of 1.61.

AAR (NYSE:AIR) last posted its earnings results on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share 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 analysts’ expectations of $654.47 million. AAR had a net margin of 0.41% and a return on equity of 10.46%. The firm’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.81 earnings per share. Sell-side analysts anticipate that AAR will post 3.77 EPS for the current fiscal year.

Insider Activity

In other AAR news, CEO John Mcclain Holmes III sold 128,427 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $66.76, for a total transaction of $8,573,786.52. Following the completion of the sale, the chief executive officer now owns 346,680 shares in the company, valued at approximately $23,144,356.80. The trade was a 27.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Jessica A. Garascia sold 1,500 shares of the business’s stock in a transaction on Friday, January 10th. The shares were 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 of the company’s stock, valued at $2,513,098.50. This trade represents a 3.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 185,793 shares of company stock worth $12,538,396 in the last quarter. 4.10% of the stock is owned by corporate insiders.

Institutional Trading of AAR

Several institutional investors have recently made changes to their positions in AIR. Allspring Global Investments Holdings LLC lifted its holdings in 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 purchasing an additional 181,518 shares during the last quarter. Loomis Sayles & Co. L P lifted its holdings in AAR by 20.5% during the third quarter. Loomis Sayles & Co. L P now owns 790,267 shares of the aerospace company’s stock valued at $51,652,000 after purchasing an additional 134,215 shares during the last quarter. Franklin Resources Inc. lifted its holdings in AAR by 13.4% during the third quarter. Franklin Resources Inc. now owns 969,741 shares of the aerospace company’s stock valued at $59,591,000 after purchasing an additional 114,460 shares during the last quarter. Millennium Management LLC increased its position in shares of AAR by 37.4% during the second quarter. Millennium Management LLC now owns 310,144 shares of the aerospace company’s stock valued at $22,547,000 after buying an additional 84,459 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of AAR by 18.5% during the third quarter. Principal Financial Group Inc. now owns 500,200 shares of the aerospace company’s stock valued at $32,693,000 after buying an additional 77,974 shares during the period. 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.