AAR (NYSE:AIR) Raised to “Strong-Buy” at KeyCorp

AAR (NYSE:AIR) was upgraded by analysts at KeyCorp to a “strong-buy” rating in a report released on Wednesday,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 analysts have also issued reports on AIR. Royal Bank of Canada reissued an “outperform” rating and set a $75.00 price target on shares of AAR in a report on Monday, November 4th. StockNews.com cut AAR from a “hold” rating to a “sell” rating in a research note on Thursday, January 9th. Finally, Benchmark reaffirmed a “buy” rating and set a $83.00 price target on shares of AAR in a report on Friday, October 4th. One research 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 data from MarketBeat, AAR has an average rating of “Moderate Buy” and an average price target of $81.50.

AAR Price Performance

Shares of NYSE AIR opened at $70.61 on Wednesday. The stock’s 50-day moving average is $65.68 and its two-hundred day moving average is $65.23. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.68 and a quick ratio of 1.45. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 252.17 and a beta of 1.61. AAR has a 1-year low of $54.71 and a 1-year high of $76.34.

AAR (NYSE:AIR) last announced its quarterly earnings results on Tuesday, January 7th. The aerospace company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.83 by $0.07. AAR had a net margin of 0.41% and a return on equity of 10.46%. The company had revenue of $686.10 million for the quarter, compared to analyst estimates of $654.47 million. During the same period in the prior year, the firm posted $0.81 earnings per share. The firm’s revenue was up 25.8% on a year-over-year basis. Analysts forecast that AAR will post 3.75 EPS for the current fiscal year.

Insider Activity

In related news, CAO Jessica A. Garascia sold 1,500 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $66.90, for a total value of $100,350.00. Following the completion of the sale, the chief accounting officer now owns 37,565 shares in the company, valued at $2,513,098.50. This trade represents a 3.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sean M. Gillen sold 17,385 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $66.33, for a total transaction 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 approximately $4,797,383.58. This trade represents a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,312 shares of company stock valued at $9,827,284 in the last three months. 4.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On AAR

A number of institutional investors and hedge funds have recently modified their holdings of AIR. Quest Partners LLC acquired a new position in AAR during the second quarter worth $33,000. Envestnet Asset Management Inc. boosted its position in shares of AAR by 6.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 130,437 shares of the aerospace company’s stock worth $9,483,000 after buying an additional 7,938 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in shares of AAR in the 2nd quarter worth about $370,000. Hsbc Holdings PLC increased its holdings in AAR by 27.2% during the 2nd quarter. Hsbc Holdings PLC now owns 4,767 shares of the aerospace company’s stock valued at $347,000 after acquiring an additional 1,020 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in AAR during the second quarter worth about $580,000. Institutional investors and hedge funds 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.