AAR (NYSE:AIR) Raised 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 Monday.

Several other analysts have also issued reports on AIR. Stifel Nicolaus cut their target price on AAR from $86.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, July 19th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $85.00 target price on shares of AAR in a report on Tuesday, September 24th. Finally, Benchmark reiterated a “buy” rating and issued a $83.00 target price on shares of AAR in a research report on Friday, October 4th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, AAR presently has an average rating of “Moderate Buy” and a consensus price target of $83.50.

AAR Price Performance

Shares of NYSE:AIR opened at $61.42 on Monday. AAR has a one year low of $54.71 and a one year high of $76.34. 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 has a market capitalization of $2.18 billion, a price-to-earnings ratio of 36.13 and a beta of 1.55. The company’s fifty day moving average price is $64.54 and its 200-day moving average price is $66.82.

AAR (NYSE:AIR) last released its quarterly earnings results on Monday, September 23rd. The aerospace company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. AAR had a return on equity of 10.22% and a net margin of 2.67%. The business had revenue of $661.70 million for the quarter, compared to the consensus estimate of $645.60 million. During the same quarter last year, the business posted $0.78 earnings per share. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, equities research analysts anticipate that AAR will post 3.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AAR

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AIR. Westwood Holdings Group Inc. purchased a new position in shares of AAR in the second quarter valued at about $77,754,000. American Century Companies Inc. increased its holdings 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 period. Boston Partners purchased a new position in AAR during the 1st quarter valued at about $25,794,000. Allspring Global Investments Holdings LLC raised its position in AAR by 889.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 391,076 shares of the aerospace company’s stock valued at $23,414,000 after purchasing an additional 351,540 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in AAR by 83.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 297,482 shares of the aerospace company’s stock worth $21,627,000 after buying an additional 135,445 shares during the period. 90.74% of the stock is currently owned by institutional investors.

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.