AAR Corp. (NYSE:AIR) Receives Average Recommendation of “Moderate Buy” from Analysts

AAR Corp. (NYSE:AIR) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $93.25.

AIR has been the topic of several research reports. Wall Street Zen lowered AAR from a “buy” rating to a “hold” rating in a research note on Saturday. Royal Bank Of Canada boosted their price objective on AAR from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Zacks Research cut AAR from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Jefferies Financial Group assumed coverage on shares of AAR in a research note on Wednesday. They set a “buy” rating and a $100.00 price target on the stock. Finally, Weiss Ratings restated a “hold (c)” rating on shares of AAR in a research note on Monday, December 15th.

Insider Buying and Selling

In other news, CEO John Mcclain Holmes III sold 38,462 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $83.50, for a total value of $3,211,577.00. Following the completion of the transaction, the chief executive officer directly owned 260,141 shares of the company’s stock, valued at approximately $21,721,773.50. This represents a 12.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Osterweis Capital Management Inc. bought a new stake in shares of AAR in the 2nd quarter worth about $26,000. Morse Asset Management Inc bought a new stake in AAR during the third quarter worth about $27,000. Salomon & Ludwin LLC acquired a new stake in shares of AAR during the third quarter worth approximately $30,000. Optiver Holding B.V. acquired a new stake in shares of AAR during the third quarter worth approximately $31,000. Finally, Westfuller Advisors LLC bought a new position in shares of AAR in the third quarter valued at approximately $39,000. 90.74% of the stock is owned by institutional investors.

AAR Trading Up 1.0%

Shares of AIR stock opened at $82.72 on Tuesday. The firm has a market capitalization of $3.23 billion, a P/E ratio of 106.05 and a beta of 1.29. AAR has a 1 year low of $46.51 and a 1 year high of $89.69. The firm’s fifty day simple moving average is $82.49 and its 200 day simple moving average is $77.55. The company has a current ratio of 2.91, a quick ratio of 1.31 and a debt-to-equity ratio of 0.82.

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

AAR Company Profile

AAR Corp. (NYSE: AIR) is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.

In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.