AAR (NYSE:AIR) Reaches New 1-Year Low After Analyst Downgrade

AAR Corp. (NYSE:AIR)’s stock price hit a new 52-week low on Monday after StockNews.com downgraded the stock from a hold rating to a sell rating. The company traded as low as $54.22 and last traded at $55.12, with a volume of 158599 shares traded. The stock had previously closed at $57.14.

Several other research firms also recently weighed in on AIR. Truist Financial lowered their price objective on shares of AAR from $81.00 to $78.00 and set a “buy” rating on the stock in a report on Friday. KeyCorp began coverage on shares of AAR in a research report on Thursday, January 16th. They set an “overweight” rating and a $83.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $80.80.

Insider Transactions at AAR

In other news, CEO John Mcclain Holmes III sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $70.81, for a total value of $354,050.00. Following the transaction, the chief executive officer now owns 341,680 shares in the company, valued at $24,194,360.80. The trade was a 1.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Christopher A. Jessup sold 33,481 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $70.40, for a total value of $2,357,062.40. Following the sale, the senior vice president now directly owns 63,209 shares of the company’s stock, valued at $4,449,913.60. The trade was a 34.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 185,793 shares of company stock worth $12,538,396 in the last quarter. 4.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AAR

Several institutional investors have recently added to or reduced their stakes in the stock. National Bank of Canada FI bought a new stake in AAR in the third quarter worth about $25,000. Putney Financial Group LLC bought a new stake in shares of AAR in the 4th quarter worth approximately $30,000. Virtus Fund Advisers LLC purchased a new position in AAR in the fourth quarter valued at approximately $36,000. Sterling Capital Management LLC grew its holdings in AAR by 761.2% during the fourth quarter. Sterling Capital Management LLC now owns 887 shares of the aerospace company’s stock valued at $54,000 after purchasing an additional 784 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in AAR by 124.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the aerospace company’s stock worth $62,000 after buying an additional 561 shares during the last quarter. Institutional investors own 90.74% of the company’s stock.

AAR Stock Performance

The company has a debt-to-equity ratio of 0.84, a current ratio of 2.68 and a quick ratio of 1.27. The company has a 50 day simple moving average of $66.69 and a 200-day simple moving average of $65.45. The stock has a market capitalization of $2.00 billion, a P/E ratio of 198.06 and a beta of 1.58.

AAR (NYSE:AIR) last announced its quarterly earnings data on Thursday, March 27th. The aerospace company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.03. The company had revenue of $678.20 million during the quarter, compared to analyst estimates of $699.13 million. AAR had a return on equity of 10.46% and a net margin of 0.41%. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 EPS. On average, equities analysts forecast that AAR Corp. will post 3.77 EPS for the current year.

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.