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

StockNews.com lowered shares of AAR (NYSE:AIR) from a hold rating to a sell rating in a report published on Thursday morning.

Several other equities analysts have also commented on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price objective on shares of AAR in a research report on Monday, November 4th. Benchmark reissued a “buy” rating and set a $83.00 price target on shares of AAR in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $81.00.

AAR Trading Up 8.6 %

Shares of AIR opened at $67.04 on Thursday. AAR has a 1-year low of $54.71 and a 1-year high of $76.34. The company has a market capitalization of $2.41 billion, a P/E ratio of 36.84 and a beta of 1.61. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.06 and a quick ratio of 1.45. The firm’s 50 day simple moving average is $64.69 and its 200 day simple moving average is $65.30.

AAR (NYSE:AIR) last posted its quarterly earnings data on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.07. The firm had revenue of $686.10 million for the quarter, compared to analysts’ expectations of $654.47 million. AAR had a net margin of 2.67% and a return on equity of 10.22%. The business’s quarterly revenue was up 25.8% on a year-over-year basis. During the same quarter last year, the company posted $0.81 EPS. Sell-side analysts forecast that AAR will post 3.63 earnings per share for the current fiscal year.

Institutional Trading of AAR

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Natixis Advisors LLC raised its holdings in AAR by 30.7% during the 2nd quarter. Natixis Advisors LLC now owns 14,375 shares of the aerospace company’s stock valued at $1,045,000 after buying an additional 3,377 shares during the last quarter. Quest Partners LLC bought a new position in shares of AAR during the second quarter valued at about $33,000. Texas Permanent School Fund Corp boosted its holdings in shares of AAR by 13.0% during the second quarter. Texas Permanent School Fund Corp now owns 32,816 shares of the aerospace company’s stock worth $2,386,000 after purchasing an additional 3,773 shares during the period. Daiwa Securities Group Inc. purchased a new position in AAR during the 2nd quarter valued at about $2,330,000. Finally, American Century Companies Inc. raised its position in AAR by 1,956.5% during the 2nd quarter. American Century Companies Inc. now owns 909,953 shares of the aerospace company’s stock valued at $66,154,000 after purchasing an additional 865,705 shares during 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.