AAR’s (AIR) Hold (C-) Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their hold (c-) rating on shares of AAR (NYSE:AIR) in a research note issued to investors on Friday,Weiss Ratings reports.

Other research analysts have also recently issued reports about the stock. Truist Financial increased their price target on shares of AAR from $81.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Royal Bank Of Canada reiterated an “outperform” rating and set a $85.00 target price on shares of AAR in a research note on Wednesday, September 24th. Wall Street Zen upgraded AAR from a “hold” rating to a “buy” rating in a research note on Sunday, September 28th. Zacks Research upgraded AAR from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 30th. Finally, KeyCorp increased their target price on AAR from $86.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $89.33.

AAR Stock Up 0.9%

Shares of AIR stock opened at $86.43 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.31 and a current ratio of 2.91. The firm’s 50-day moving average is $79.11 and its 200-day moving average is $70.64. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 110.81 and a beta of 1.52. AAR has a 52-week low of $46.51 and a 52-week high of $89.69.

AAR (NYSE:AIR) last released its quarterly earnings data on Wednesday, May 28th. The aerospace company reported $0.83 EPS for the quarter. AAR had a net margin of 1.01% and a return on equity of 12.29%. The firm had revenue of $553.30 million during the quarter. Sell-side analysts predict that AAR will post 3.77 EPS for the current year.

Insider Activity at AAR

In other news, CEO John Mcclain Holmes III sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $71.70, for a total transaction of $717,000.00. Following the transaction, the chief executive officer directly owned 298,603 shares of the company’s stock, valued at approximately $21,409,835.10. This trade represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AIR. State Street Corp increased its holdings in shares of AAR by 10.9% during the second quarter. State Street Corp now owns 1,917,821 shares of the aerospace company’s stock worth $131,927,000 after purchasing an additional 188,406 shares during the period. Westwood Holdings Group Inc. increased its stake in AAR by 10.3% in the first quarter. Westwood Holdings Group Inc. now owns 1,589,320 shares of the aerospace company’s stock valued at $88,986,000 after acquiring an additional 148,166 shares during the last quarter. Fred Alger Management LLC increased its stake in AAR by 32.6% in the first quarter. Fred Alger Management LLC now owns 533,770 shares of the aerospace company’s stock valued at $29,886,000 after acquiring an additional 131,092 shares during the last quarter. Nuveen LLC bought a new position in AAR in the first quarter valued at approximately $6,226,000. Finally, Invesco Ltd. increased its stake in AAR by 8.4% in the first quarter. Invesco Ltd. now owns 1,160,420 shares of the aerospace company’s stock valued at $64,972,000 after acquiring an additional 89,802 shares during the last quarter. 90.74% of the stock is owned by institutional investors.

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.