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

StockNews.com cut shares of AAR (NYSE:AIR) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

AIR has been the topic of a number of other research reports. KeyCorp assumed coverage on shares of AAR in a research note on Thursday, January 16th. They set an “overweight” rating and a $83.00 target price on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $75.00 price objective on shares of AAR in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, AAR presently has an average rating of “Moderate Buy” and an average price target of $81.50.

AAR Stock Up 0.8 %

NYSE AIR opened at $67.90 on Wednesday. AAR has a 52 week low of $54.71 and a 52 week high of $76.34. The company has a quick ratio of 1.27, a current ratio of 2.68 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $2.44 billion, a P/E ratio of 242.51 and a beta of 1.61. The stock’s 50-day moving average price is $66.09 and its 200-day moving average price is $64.89.

AAR (NYSE:AIR) last released its earnings results on Tuesday, January 7th. The aerospace company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.07. The company 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 was up 25.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.81 EPS. On average, equities research analysts predict that AAR will post 3.77 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Christopher A. Jessup sold 33,481 shares of AAR stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $70.40, for a total transaction of $2,357,062.40. Following the completion of the sale, the senior vice president now directly owns 63,209 shares in the company, valued at approximately $4,449,913.60. This trade represents a 34.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the chief executive officer now directly owns 346,680 shares of the company’s stock, valued at $23,144,356.80. This represents a 27.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 185,793 shares of company stock valued at $12,538,396 in the last ninety days. 4.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On AAR

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AIR. Allspring Global Investments Holdings LLC increased its position in shares of AAR by 32.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 732,957 shares of the aerospace company’s stock worth $47,906,000 after acquiring an additional 181,518 shares during the period. Loomis Sayles & Co. L P increased its holdings in AAR by 20.5% during the 3rd quarter. Loomis Sayles & Co. L P now owns 790,267 shares of the aerospace company’s stock worth $51,652,000 after purchasing an additional 134,215 shares during the period. Franklin Resources Inc. raised its position in AAR by 13.4% during the 3rd 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 in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of AAR by 18.5% in the 3rd quarter. Principal Financial Group Inc. now owns 500,200 shares of the aerospace company’s stock worth $32,693,000 after buying an additional 77,974 shares during the period. Finally, Barclays PLC grew its position in shares of AAR by 269.4% during the 3rd quarter. Barclays PLC now owns 66,223 shares of the aerospace company’s stock worth $4,328,000 after buying an additional 48,298 shares in the last quarter. Institutional investors 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.