AAR (NYSE:AIR) Raised to “Hold” at The Goldman Sachs Group

AAR (NYSE:AIR) was upgraded by research analysts at The Goldman Sachs Group to a “hold” rating in a research report issued on Monday, Marketbeat Ratings reports.

Several other equities research analysts have also recently commented on the company. Zacks Research raised AAR from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. Jefferies Financial Group set a $112.00 price objective on shares of AAR and gave the stock a “buy” rating in a research report on Thursday, January 15th. KeyCorp increased their target price on shares of AAR from $93.00 to $109.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Wall Street Zen raised shares of AAR from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. Finally, Truist Financial set a $107.00 price objective on shares of AAR in a research report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $110.80.

AAR Trading Down 1.3%

NYSE:AIR opened at $104.32 on Monday. AAR has a 52 week low of $46.51 and a 52 week high of $107.82. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.31 and a current ratio of 2.84. The firm’s fifty day moving average is $88.13 and its 200-day moving average is $82.25. The firm has a market cap of $4.13 billion, a P/E ratio of 40.91 and a beta of 1.24.

AAR (NYSE:AIR) last released its earnings results on Tuesday, January 6th. The aerospace company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.16. AAR had a net margin of 3.17% and a return on equity of 12.40%. The business had revenue of $795.30 million for the quarter, compared to analyst estimates of $760.95 million. During the same quarter in the previous year, the business earned $0.90 earnings per share. AAR’s revenue for the quarter was up 15.9% on a year-over-year basis. Equities analysts expect that AAR will post 3.77 earnings per share for the current year.

Insider Buying and Selling at AAR

In other news, SVP Christopher A. Jessup sold 23,621 shares of the business’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $97.05, for a total transaction of $2,292,418.05. Following the completion of the sale, the senior vice president directly owned 65,769 shares of the company’s stock, valued at $6,382,881.45. The trade was a 26.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Jessica A. Garascia sold 4,787 shares of the firm’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $95.25, for a total transaction of $455,961.75. Following the completion of the transaction, the chief accounting officer directly owned 29,557 shares in the company, valued at approximately $2,815,304.25. The trade was a 13.94% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 146,696 shares of company stock worth $13,477,247. 3.60% of the stock is owned by corporate insiders.

Institutional Trading of AAR

Institutional investors and hedge funds have recently modified their holdings of the stock. Oliver Luxxe Assets LLC bought a new position in shares of AAR during the 3rd quarter valued at approximately $2,755,000. Legal & General Group Plc boosted its position in shares of AAR by 12.1% in the second quarter. Legal & General Group Plc now owns 120,577 shares of the aerospace company’s stock worth $8,294,000 after purchasing an additional 12,976 shares during the period. Emerald Mutual Fund Advisers Trust increased its stake in shares of AAR by 8.7% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 211,132 shares of the aerospace company’s stock worth $18,932,000 after purchasing an additional 16,892 shares in the last quarter. Csenge Advisory Group bought a new stake in shares of AAR during the 3rd quarter valued at $1,263,000. Finally, Emerald Advisers LLC lifted its stake in shares of AAR by 8.3% during the 3rd quarter. Emerald Advisers LLC now owns 364,875 shares of the aerospace company’s stock valued at $32,718,000 after buying an additional 27,870 shares in the last quarter. 90.74% of the stock is owned by hedge funds and other institutional investors.

About AAR

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.