Truist Financial Has Lowered Expectations for AAR (NYSE:AIR) Stock Price

AAR (NYSE:AIR) had its target price trimmed by Truist Financial from $81.00 to $78.00 in a research report released on Friday, MarketBeat.com reports. The firm currently has a buy rating on the aerospace company’s stock.

Several other analysts have also recently commented on AIR. KeyCorp began coverage on AAR in a research report on Thursday, January 16th. They issued an “overweight” rating and a $83.00 target price on the stock. StockNews.com downgraded shares of AAR from a “hold” rating to a “sell” rating in a report on Wednesday, February 5th. One equities research 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 data from MarketBeat.com, AAR presently has an average rating of “Moderate Buy” and an average target price of $80.80.

AAR Stock Performance

Shares of AIR opened at $57.14 on Friday. The firm has a fifty day moving average of $66.69 and a 200-day moving average of $65.45. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 204.08 and a beta of 1.58. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.27 and a current ratio of 2.68. AAR has a 1 year low of $54.71 and a 1 year high of $76.34.

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

Insider Activity

In related news, CEO John Mcclain Holmes III sold 128,427 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $66.76, for a total value of $8,573,786.52. Following the transaction, the chief executive officer now owns 346,680 shares in the company, valued at approximately $23,144,356.80. This represents a 27.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Sean M. Gillen sold 17,385 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer now owns 72,326 shares in the company, valued at $4,797,383.58. This represents a 19.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 185,793 shares of company stock worth $12,538,396 over the last 90 days. 4.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On AAR

Large investors have recently added to or reduced their stakes in the stock. National Bank of Canada FI acquired a new stake in AAR in the 3rd quarter valued at approximately $25,000. Putney Financial Group LLC acquired a new stake in AAR during the fourth quarter worth $30,000. Virtus Fund Advisers LLC acquired a new position in shares of AAR in the 4th quarter valued at $36,000. Sterling Capital Management LLC raised its position in AAR by 761.2% in the fourth quarter. Sterling Capital Management LLC now owns 887 shares of the aerospace company’s stock worth $54,000 after purchasing an additional 784 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of AAR by 124.4% in the 4th 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 in the last quarter. 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.