AAR (NYSE:AIR) Rating Increased to Hold at StockNews.com

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

Other equities analysts have also issued research reports about the company. KeyCorp assumed coverage on AAR in a research note on Thursday. They set an “overweight” rating and a $83.00 price target on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $75.00 price objective on shares of AAR in a report on Monday, November 4th. Finally, Benchmark reaffirmed a “buy” rating and issued a $83.00 target price on shares of AAR in a research note on Friday, October 4th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $81.50.

AAR Stock Down 0.5 %

Shares of NYSE AIR opened at $70.25 on Friday. The company has a quick ratio of 1.45, a current ratio of 2.68 and a debt-to-equity ratio of 0.84. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 250.91 and a beta of 1.61. AAR has a 12-month low of $54.71 and a 12-month high of $76.34. The firm’s 50-day simple moving average is $65.77 and its 200 day simple moving average is $65.22.

AAR (NYSE:AIR) last issued its quarterly earnings results on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.07. AAR had a net margin of 0.41% and a return on equity of 10.46%. The business had revenue of $686.10 million during the quarter, compared to analyst estimates of $654.47 million. During the same quarter last year, the business posted $0.81 earnings per share. AAR’s revenue for the quarter was up 25.8% compared to the same quarter last year. On average, research analysts expect that AAR will post 3.75 earnings per share for the current fiscal year.

Insider Buying and Selling at AAR

In other news, SVP Christopher A. Jessup sold 33,481 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $70.40, for a total value of $2,357,062.40. Following the completion of the sale, the senior vice president now directly owns 63,209 shares of the company’s stock, valued at $4,449,913.60. This represents a 34.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Jessica A. Garascia sold 1,500 shares of AAR stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $66.90, for a total transaction of $100,350.00. Following the transaction, the chief accounting officer now directly owns 37,565 shares in the company, valued at $2,513,098.50. The trade was a 3.84 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 180,793 shares of company stock valued at $12,184,346. 4.10% of the stock is currently owned by company insiders.

Institutional Trading of AAR

A number of large investors have recently made changes to their positions in the company. National Bank of Canada FI bought a new position in AAR during the third quarter worth about $25,000. Quest Partners LLC acquired a new stake in shares of AAR during the second quarter worth about $33,000. EverSource Wealth Advisors LLC lifted its holdings in shares of AAR by 43.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 778 shares of the aerospace company’s stock valued at $57,000 after purchasing an additional 234 shares in the last quarter. KBC Group NV grew its position in shares of AAR by 32.9% in the 3rd quarter. KBC Group NV now owns 1,324 shares of the aerospace company’s stock valued at $87,000 after purchasing an additional 328 shares during the period. Finally, ZWJ Investment Counsel Inc. bought a new stake in AAR during the 4th quarter worth approximately $203,000. 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.