AAR Corp. (NYSE:AIR) Receives $76.75 Average Target Price from Analysts

AAR Corp. (NYSE:AIR) has been given a consensus recommendation of “Buy” by the five research firms that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have covered the stock in the last year is $81.25.

A number of equities analysts have commented on AIR shares. William Blair started coverage on shares of AAR in a research report on Monday, January 29th. They set an “outperform” rating for the company. Stifel Nicolaus upped their price target on shares of AAR from $80.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, December 22nd. Benchmark raised their price objective on shares of AAR from $65.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $80.00 target price on shares of AAR in a research report on Friday, March 22nd. Finally, Truist Financial lifted their price target on AAR from $68.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, December 22nd.

AAR Stock Down 0.1 %

AAR stock opened at $60.71 on Friday. AAR has a fifty-two week low of $50.06 and a fifty-two week high of $73.95. The firm has a market capitalization of $2.15 billion, a PE ratio of 35.71 and a beta of 1.67. The company’s 50-day moving average is $63.35 and its 200-day moving average is $63.04. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.90 and a quick ratio of 1.33.

AAR (NYSE:AIR) last released its quarterly earnings data on Thursday, March 21st. The aerospace company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.01. AAR had a return on equity of 10.17% and a net margin of 2.73%. Sell-side analysts anticipate that AAR will post 3.3 earnings per share for the current year.

Insider Activity at AAR

In other AAR news, CAO Jessica A. Garascia sold 7,352 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $63.37, for a total transaction of $465,896.24. Following the transaction, the chief accounting officer now owns 28,165 shares in the company, valued at approximately $1,784,816.05. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO John Mcclain Holmes III sold 29,250 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $60.21, for a total transaction of $1,761,142.50. Following the completion of the sale, the chief executive officer now owns 303,621 shares of the company’s stock, valued at approximately $18,281,020.41. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Jessica A. Garascia sold 7,352 shares of the stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $63.37, for a total transaction of $465,896.24. Following the sale, the chief accounting officer now owns 28,165 shares in the company, valued at approximately $1,784,816.05. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 64,747 shares of company stock worth $3,858,323. Company insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On AAR

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in shares of AAR by 10.7% during the 1st quarter. BlackRock Inc. now owns 6,239,962 shares of the aerospace company’s stock worth $302,202,000 after buying an additional 601,462 shares during the last quarter. State Street Corp lifted its holdings in shares of AAR by 32.1% in the first quarter. State Street Corp now owns 2,209,912 shares of the aerospace company’s stock worth $107,026,000 after acquiring an additional 537,011 shares during the last quarter. Emerald Advisers LLC boosted its stake in shares of AAR by 4,275.8% in the 3rd quarter. Emerald Advisers LLC now owns 401,440 shares of the aerospace company’s stock valued at $23,898,000 after purchasing an additional 392,266 shares in the last quarter. Norges Bank bought a new stake in shares of AAR during the 4th quarter valued at approximately $21,511,000. Finally, Envestnet Asset Management Inc. increased its position in AAR by 503.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 411,652 shares of the aerospace company’s stock worth $3,343,000 after purchasing an additional 343,465 shares in the last quarter. 90.74% of the stock is currently owned by institutional investors.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. It operates through Aviation Services and Expeditionary Services segments. The Aviation Services segment engages in lease and sale of new, overhauled and repaired engine, and airframe parts and components, as well as aircrafts; and offers customized flight hour component inventory and repair, warranty claim management, and outsourcing programs for engine and airframe parts and components.