AAR (NYSE:AIR) Hits New 52-Week High – Time to Buy?

AAR Corp. (NYSE:AIR)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $127.21 and last traded at $126.03, with a volume of 320261 shares changing hands. The stock had previously closed at $123.77.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Weiss Ratings raised shares of AAR from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, March 27th. Royal Bank Of Canada raised their target price on shares of AAR from $105.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, March 25th. The Goldman Sachs Group assumed coverage on shares of AAR in a research note on Monday, January 26th. They set a “neutral” rating and a $121.00 target price on the stock. Zacks Research cut shares of AAR from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Truist Financial reissued a “buy” rating and set a $128.00 target price (up from $107.00) on shares of AAR in a research note on Friday, March 6th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $131.20.

AAR Trading Down 3.5%

The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 26.27 and a beta of 1.20. The firm’s 50 day moving average is $113.12 and its 200 day moving average is $96.68. The company has a quick ratio of 1.23, a current ratio of 2.70 and a debt-to-equity ratio of 0.54.

AAR (NYSE:AIR) last released its earnings results on Tuesday, March 24th. The aerospace company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.21 by $0.04. AAR had a net margin of 5.46% and a return on equity of 12.39%. The business had revenue of $845.10 million during the quarter, compared to analyst estimates of $812.58 million. During the same period in the prior year, the business earned $0.99 earnings per share. The business’s quarterly revenue was up 24.6% on a year-over-year basis. Equities analysts forecast that AAR Corp. will post 3.77 earnings per share for the current year.

Insider Activity at AAR

In related news, CFO Sarah Louise Flanagan sold 10,750 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $108.56, for a total transaction of $1,167,020.00. Following the completion of the sale, the chief financial officer directly owned 32,848 shares of the company’s stock, valued at $3,565,978.88. This represents a 24.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John Mcclain Holmes III sold 26,175 shares of the firm’s stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $107.60, for a total transaction of $2,816,430.00. Following the completion of the transaction, the chief executive officer owned 235,064 shares of the company’s stock, valued at approximately $25,292,886.40. The trade was a 10.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 106,925 shares of company stock valued at $11,812,450. Company insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC boosted its holdings in shares of AAR by 24.8% in the first quarter. SG Americas Securities LLC now owns 30,579 shares of the aerospace company’s stock worth $3,347,000 after buying an additional 6,075 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in shares of AAR by 2,853.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 17,161 shares of the aerospace company’s stock worth $1,421,000 after buying an additional 16,580 shares during the period. Corient Private Wealth LLC acquired a new position in shares of AAR in the fourth quarter worth about $244,000. Sit Investment Associates Inc. acquired a new position in shares of AAR in the fourth quarter worth about $356,000. Finally, Dean Capital Management boosted its holdings in shares of AAR by 34.1% in the fourth quarter. Dean Capital Management now owns 23,504 shares of the aerospace company’s stock worth $1,946,000 after buying an additional 5,974 shares during the period. 90.74% of the stock is currently owned by institutional investors and hedge funds.

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.