AAR Corp. (NYSE:AIR) Receives Consensus Rating of “Buy” from Brokerages

Shares of AAR Corp. (NYSE:AIR) have been assigned an average recommendation of “Buy” from the five brokerages that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have covered the stock in the last year is $83.50.

Several brokerages have recently commented on AIR. Benchmark increased their price objective on AAR from $65.00 to $83.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Royal Bank of Canada lifted their price target on shares of AAR from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Finally, Stifel Nicolaus reduced their target price on shares of AAR from $86.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, July 19th.

Insider Activity

In related news, SVP Christopher A. Jessup sold 15,929 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $70.09, for a total transaction of $1,116,463.61. Following the completion of the sale, the senior vice president now directly owns 51,803 shares in the company, valued at approximately $3,630,872.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other AAR news, SVP Christopher A. Jessup sold 14,973 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $70.05, for a total transaction of $1,048,858.65. Following the completion of the transaction, the senior vice president now owns 51,803 shares of the company’s stock, valued at approximately $3,628,800.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Christopher A. Jessup sold 15,929 shares of AAR stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $70.09, for a total value of $1,116,463.61. Following the completion of the sale, the senior vice president now owns 51,803 shares in the company, valued at $3,630,872.27. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,023 shares of company stock valued at $2,528,708. 4.30% of the stock is currently owned by company insiders.

Institutional Trading of AAR

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Comerica Bank raised its holdings in AAR by 0.9% in the 4th quarter. Comerica Bank now owns 17,601 shares of the aerospace company’s stock worth $1,098,000 after purchasing an additional 152 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in AAR by 1.8% in the second quarter. Louisiana State Employees Retirement System now owns 16,700 shares of the aerospace company’s stock worth $1,214,000 after buying an additional 300 shares in the last quarter. Sheets Smith Wealth Management lifted its holdings in AAR by 4.7% in the fourth quarter. Sheets Smith Wealth Management now owns 7,176 shares of the aerospace company’s stock worth $448,000 after buying an additional 325 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in AAR by 283.1% in the first quarter. EverSource Wealth Advisors LLC now owns 544 shares of the aerospace company’s stock worth $33,000 after buying an additional 402 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in AAR by 40.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,488 shares of the aerospace company’s stock valued at $108,000 after acquiring an additional 428 shares in the last quarter. Hedge funds and other institutional investors own 90.74% of the company’s stock.

AAR Stock Up 0.5 %

Shares of NYSE AIR opened at $66.62 on Monday. The company has a current ratio of 2.98, a quick ratio of 1.41 and a debt-to-equity ratio of 0.83. The business has a 50-day moving average of $70.22 and a 200-day moving average of $66.18. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 39.19 and a beta of 1.54. AAR has a 12 month low of $55.00 and a 12 month high of $76.34.

AAR (NYSE:AIR) last posted its quarterly earnings data on Thursday, July 18th. The aerospace company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.02. The firm had revenue of $656.50 million for the quarter, compared to analysts’ expectations of $660.05 million. AAR had a net margin of 2.00% and a return on equity of 10.16%. The business’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the company posted $0.83 EPS. Sell-side analysts expect that AAR will post 3.84 earnings per share for the current fiscal year.

AAR Company Profile

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. It operates through Aviation Services and Expeditionary Services segments. The Aviation Services segment engages in lease and sale of new, overhauled and repaired engine, and airframe parts and components, as well as aircrafts; and offers customized flight hour component inventory and repair, warranty claim management, and outsourcing programs for engine and airframe parts and components.