AAR (NYSE:AIR) Stock Rating Upgraded by Wall Street Zen

AAR (NYSE:AIR) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Other research analysts have also recently issued reports about the company. Royal Bank Of Canada upped their price target on AAR from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, July 17th. KeyCorp boosted their price objective on AAR from $80.00 to $86.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Finally, Truist Financial increased their target price on AAR from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, AAR has an average rating of “Buy” and an average price target of $83.75.

AAR Trading Down 2.7%

Shares of AIR stock opened at $71.8590 on Tuesday. AAR has a 1-year low of $46.51 and a 1-year high of $86.43. The firm has a market cap of $2.58 billion, a PE ratio of 217.76 and a beta of 1.53. The company has a 50-day moving average of $73.29 and a two-hundred day moving average of $65.36. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.72 and a quick ratio of 1.26.

AAR (NYSE:AIR) last issued its quarterly earnings data on Wednesday, July 16th. The aerospace company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.00 by $0.16. The firm had revenue of $754.50 million for the quarter, compared to analyst estimates of $695.81 million. AAR had a net margin of 0.45% and a return on equity of 11.66%. The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.88 EPS. On average, analysts predict that AAR will post 3.77 EPS for the current year.

Insider Buying and Selling

In related news, CAO Jessica A. Garascia sold 3,631 shares of the business’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $77.08, for a total transaction of $279,877.48. Following the completion of the transaction, the chief accounting officer directly owned 39,117 shares of the company’s stock, valued at $3,015,138.36. The trade was a 8.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jennifer L. Vogel sold 7,000 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $78.07, for a total value of $546,490.00. Following the completion of the sale, the director directly owned 22,970 shares in the company, valued at $1,793,267.90. This represents a 23.36% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 95,182 shares of company stock valued at $7,331,452. 3.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sheets Smith Wealth Management increased its holdings in shares of AAR by 1.9% in the 2nd quarter. Sheets Smith Wealth Management now owns 7,416 shares of the aerospace company’s stock valued at $510,000 after acquiring an additional 135 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in AAR by 6.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,655 shares of the aerospace company’s stock valued at $224,000 after purchasing an additional 226 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in AAR by 4.4% in the second quarter. Teacher Retirement System of Texas now owns 5,482 shares of the aerospace company’s stock valued at $377,000 after purchasing an additional 231 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in AAR by 11.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,339 shares of the aerospace company’s stock valued at $143,000 after purchasing an additional 246 shares during the last quarter. Finally, Voya Investment Management LLC raised its holdings in AAR by 2.6% during the first quarter. Voya Investment Management LLC now owns 12,528 shares of the aerospace company’s stock worth $701,000 after purchasing an additional 320 shares in the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.

AAR Company Profile

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.